Mains > Economic Development > Indian Economy and issues > Goods and Servies tax
IN NEWS:
Recently, the Finance Ministry issued a notification to set up 31 benches of Goods and Services Tax Appel...
iTips
- For Mains, The relevance of the GST regime, its implications, benefits, and negative fallouts can be asked. In addition, there can be questions on the cooperative federalism-related aspects of the GST regime (the SC ruling on the GST Council) and its impacts on center-state relations. It can be used in questions relating to the economic and fiscal conditions of the centre and states.
- For Prelims, questions on Goods and Services Tax Act, features, principles and benefits of such taxation can be asked. Also, there can be questions on GST Council, GSTAT etc.
Mains > Economic Development > Indian Economy and issues > Goods and Servies tax
IN NEWS:
1st July 2022 marked five years of implementation of the goods & service tax (GST) regime.
WHAT ...
iTips
- For Prelims, Questions on Goods and Services Tax Act, features, principles and benefits of such taxation can be asked. Also, there can be questions on GST Council, National Anti-Profiteering Authority (NAA) etc.
- For Mains, The relevance of GST regime, its implications, benefits, negative fallouts can be asked. In addition, there can be questions on the cooperative federalism related aspects of GST regime (recent SC ruling on GST council) and its impacts on Centre-State relations. It can be used in questions relating to economic and fiscal conditions of Centre and States.
Preliminary > Economic Development > Budgeting > Goods and Servies tax
Why in news?
Many states have demanded that the GST compensation cess regime be extended for another five years.
...
Mains > Economic Development > Indian Economy and issues > Goods and Servies tax
IN NEWS:
Recently, the Supreme Court, in a unanimous verdict (in Union of India vs Mohit Minerals case), held that...
iTips
- For Prelims, Questions on Goods and Services Tax Act, features, principles and benefits of such taxation can be asked. Also, there can be questions on GST Council, National Anti-Profiteering Authority (NAA) etc.
- For Mains, The relevance of GST regime, its implications, benefits, negative fallouts can be asked. In addition, there can be questions on the cooperative federalism related aspects of GST regime (recent SC ruling on GST council) and its impacts on Centre-State relations. It can be used in questions relating to economic and fiscal conditions of Centre and States.
Preliminary > Polity > Institutions/Bodies > Goods and Servies tax
Why in news?
The Supreme Court ruled that recommendations of the Goods and Services Tax (GST) Council only have pe...
Preliminary > Economic Development > Budgeting > Goods and Servies tax
Why in news?
The Goods and Services Tax (GST) Council has decided to keep petroleum products out of the GST regime...
Preliminary > Economic Development > Miscellaneous > Goods and Servies tax
Why in news?
The Goods and Services Tax (GST) Council is likely to consider a ministerial group’s report on ...
Mains > Economic Development > Budgeting > Goods and Servies tax
WHY IN NEWS:
The GST regime had observed its fourth anniversary on July 1 this year
BACKGROUND:
The na...
iTips
- Mains: Questions can be asked on salient features of GST, merits and demerits of GST regime, achievements made so far etc.
- Prelims: Questions are expected on legislative framework of GST, composition of GST council etc.
Preliminary > Economic Development > Budgeting > Goods and Servies tax
Why in news?
The GST Council meeting held Monday to discuss the compensation of states for the shortfall in GST co...
Preliminary > Economic Development > Miscellaneous > Goods and Servies tax
Why in news?
More than 4.87 crore e-way bills, valued at over ?13.85 lakh crore, were generated by businesses and ...