The 13th Finance Commission's recommendations were crucial in building consensus among states and the central government regarding the design, revenue implications, and implementation strategy for GST. It addressed key concerns of states regarding revenue losses and provided a basis for the compensation mechanism which was later enacted.
GST was recommended by
Asked in WBCS Main Paper 5 2022 · Topic: Fiscal Policy & Revenue (Taxation System in India: Direct, Indirect taxes, and Tax Reforms (including GST))
More Economic Development questions
- Find the odd one out:
- Which of the following is not a direct tax in India?
- GST is imposed on
- What does GST stand for?
- Which of the following is not shared by the Central and the State Governments?
- For most goods and services, the Goods and Services Tax is shared by the Central and the State Governments in the ratio of
- When was GST imposed?
- Which is not an indirect tax in India?