Question
Which amendment paved the way for the introduction of GST?
Solution
The 101st Amendment Act of 2016 paved the way for the introduction of a new tax regime (i.e. goods and services tax – GST) in the country. The smooth and efficient administration of this tax requires cooperation and coordination between the centre and the states.
More Growth and Development Questions
- Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was launched on which year?
- Economic Liberalization bought which route for FDI ?
- What is true about National Income? 1) It is the net value of all the final goods and services produced by the nations during a financial year. 2) In Ind...
- What is true about Per Capita Income? 1) Per capita income is a measure of the amount of money earned per person in a nation or geographic region. 2) Per...
- Which of the following explains the term economic growth?
- Which of the following options is correct when we only accomplish two out of three pillars of sustainable development?
- Monetary policy affects the ________ and ________.
- What is the projected investment under National Infrastructure Pipeline (NIP)?
- SAKSHAM Initiative is related to which of the following?
- The National Infrastructure Pipeline was launched with 6,835 infrastructure projects with a projected infrastructure investment of _________.