2019 GS3 MAINS PYQ SOLVED

1. Enumerate the indirect taxes which have been subsumed in the goods and services tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017.

Introduction

The Goods and Services Tax (GST), implemented in July 2017, unified multiple indirect taxes into a single tax structure, simplifying compliance and fostering a unified market in India.

Body

1.Indirect Taxes Subsumed under GST

Central Taxes:

Central Excise Duty

Service Tax

Countervailing Duty (CVD)

MainsPYQSolved - gs 3

1. Enumerate the indirect taxes which have been subsumed in the goods and services tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017.

Introduction

Body