Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
GST Introduction
The Goods and Services Tax (GST) was introduced in India following a constitutional amendment in:
- 2010
- 2014
- 2016 — Correct Answer
- 2019
Explanation:
Correct Answer Explanation
In 2016, the Indian constitution was amended to empower state and union governments to impose Goods and Services Tax (GST).
Key Points:
- Expected to generate additional revenue, reduce tax evasion.
- Create 'one nation, one tax and one market'.
- Part of broader indirect tax reform.
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
