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.
Fiscal Resource Mobilization: Tax-to-GDP Ratio, Tax Base Expansion, Direct/Indirect Ratio
All UPSC Mains previous year questions mapped for Fiscal Resource Mobilization: Tax-to-GDP Ratio, Tax Base Expansion, Direct/Indirect Ratio under Mobilization of Resources.
UPSC Mains Previous Year QuestionsShowing 4 PYQs
Discussion the rationale for introducing Good and services tax in India. Bring out critically the reasons for delay in roll out for its regime.
Effective utilisation of public funds is crucial to meet development goals. Critically examine the reasons for under-utilization and mis-utilisation of public funds and their implication Whistle blower, who reports corruption and illegal activities,
recently secured the status of fourth largest economy of the world as per IMF projection. However, it has been observed that in some sectors, allocated funds remain either under-utilised or misutilised. What specific measures would you recommend for ensuring accountability in this regard to stop leakages and gaining the status of third largest economy of the world in near future?
Topper Value Additions & Evidence Bank for Fiscal Resource Mobilization: Tax-to-GDP Ratio, Tax Base Expansion, Direct/Indirect Ratio
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