Which one of the following statements is correct in relation

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Which one of the following statements is correct in relation to the GST Bill passed by the Rajya Sabha in August 2016?

[CDS-I 2017 General Awareness(PYSP)]

A It will replace all central taxes, duties, etc, only by a single tax.

B It will subsume central as well as State taxes, duties, etc.

C GST will be levied on alcoholic liquor for human consumption at a uniform rate of 25 percent.

D Petroleum and petroleum products shall not be subject to the levy of GST.