Which of the following is not true about GST in India?

Option 1 -> GST has indeed simplified the tax structure by replacing multiple indirect taxes like VAT, excise duty, service tax, etc.

Option 2 -> GST has created a unified national market by removing interstate barriers and facilitating seamless movement of goods and services.

Option 3 -> This statement is incorrect. GST is aimed at REDUCING the cost of business operations, not increasing them, by eliminating cascading tax effects and reducing compliance burden.

Option 4 -> GST has reduced production costs by removing tax-on-tax effect, making Indian products more competitive globally.

Hence, Option 3 -> GST (Goods and Services Tax) was implemented to streamline India's indirect tax system. One of its primary objectives is to reduce the cost of doing business by eliminating the cascading effect of taxes (tax on tax), simplifying compliance, and reducing documentation requirements. The statement that GST aims to increase business operation costs is completely contrary to its fundamental purpose. GST actually lowers logistics costs, reduces tax burden through input tax credit, and makes business operations more efficient and cost-effective. -> correct