7 Years of GST - Benefits & Challenges | Tax Reform | UPSC | Drishti IAS English

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The goods and services tax completes its seven years of implementation on 1 July, 2017. This tax (GST) system has more or less stabilised, which is evident from the steady increase in its collections over its seven-year journey. However, the system still faces a range of challenges that relate to conflicting orders by the authority for advance ruling (AAR), delay in setting up appeal mechanisms against these rulings, and an increasing number of litigations. With enhanced revenues from GST, one expects that the stage is set for shifting towards GST 2.0. However, reforms such as rationalising rates and including petrol and diesel in its fold may take some time to materialise. We discuss all the important issues related to GST here in this video.
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#gst #taxreform #drishtiias

[@ashutoshpandey9102]

Option C) 1 & 3 only Thank you so much ❤❤🙏🙏

[@kaushalmishra9275]

Thank you so much mam for your lovely explanation.

[@vaishnavishriyasrivastava703]

Thank you so much ma'am 🙏

[@rajkumarpaswan549]

Option C

[@HoldTunes46]

3:10 starts

[@freemind959]

A most likely option d are way ahead meaning sucess of GST after 10 years a can be the answer

[@user-ec6wj5om4n]

Option A Ma'am...

[@tanujverma2000]

Only 1

[@rameshreddy2014]

Last 7 year still rates 3,5,12,18,28

[@kalpeshsisodiya9355]

D

[@ch.devendrakumar2479]

(a) 1 Only

[@abhaykushwahakushwaha5877]

1,3

[@nilabharathi6665]

1 only

[@manjeetraut3569]

A

[@PradhyumnaGupta0308]

only 1

[@yellanuruashu]

C

[@ravinderbukya9128]

1only

[@rameshreddy2014]

Petrol

[@rudrasish5936]

On education 0% ??

[@Shivam0.0.0]

18%

[@desionmynthlu1273]

I'm paying 18% on everything related to my studies😮😮😮😮

[@mahadev95]

18%

[@kalalatharv05]

As per the GST law the educational other related facility taxable under gst if we take separately but due to composites service the it's become naturally bunddle than the the tax rate of education is principles suppy of service than tax on education is become zero . For all

[@krishnabellapu7798]

1 only

[@manumishra1676]

A

[@shivanshupandey3175]

C

[@chitradevadig1492]

D

[@yammyyams24]

A

[@muskandushad6601]

C

[@NagaRaju-el9wh]

A

[@chahatsoni9113]

A

[@1-Berojgar]

A

[@gokulrajdg8456]

A