The correct answer is C. eliminate.
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is a destination-based tax, which means that the tax is levied at the place where the goods or services are consumed. GST is a single tax that subsumes multiple indirect taxes, such as central excise duty, service tax, value-added tax (VAT), and octroi.
The main objective of GST is to eliminate cascading of taxes, which is a situation where the same tax is levied multiple times on the
same product or service at different stages of the supply chain. GST also aims to simplify the tax system and make it more efficient.Option A is incorrect because GST does not exempt any goods or services from taxation. Option B is incorrect because GST does not exclude any goods or services from taxation. Option D is incorrect because GST does eliminate excessive taxation.