The government has tabled a Constitution Amendment Bill onthe Goods and Services Tax (GST) in Parliament recently. Which of the following statements is /a re correct ?
I) GST will replace many taxes levived at the Centre, including excise duty and service tax
II) GST will replace many taxes levied at the state level, including sales tax and entertainment tax
III) Currently states are not allowed to tax sale of goods, while the Centre cannot tax services