Which of the following statements are true in context of GST?
1. Adoption of four slabs tax rate structure of 5%, 12%, 18% and 28%.
2. There would be a category of exempt goods.
3. A cess would be levied on certain goods such as luxury cars, aerated drinks, pan masala and tobacco products, over and above the rate of 28% for payment of compensation to the states
A. 1, 2 and 3
B. 2 and 3
C. 1 and 3
D. Only 1
Answer: Option A
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