GST

Why it matters

• Promotes the creation of a unified national market by eliminating the cascading effect of taxes.
• Enhances tax compliance through a technology-driven digital infrastructure and input tax credit mechanism.
• Streamlines the administrative process for businesses by consolidating multiple indirect taxes into a single framework.

How it is asked

Focus on the constitutional provisions, the role and functioning of the GST Council, the impact on cooperative federalism, and the challenges related to revenue buoyancy and compensation mechanisms.