Consider the following statements :

1. GST Council is chaired by the Union Finance Minister and the Minister of State-in-charge of Revenue or Finance at the centre is a member.

2. The GST Council will decide the tax rate, exempted goods and the threshold under the new taxation regime.

3. State Governments will have the option to levy VAT, if they so decide.

Of these:-

U.P. R.O./A.R.O. (Pre) 2016