Subject: Economy Context: The Centre and the states are in a tussle over delayed compensation payments under GST Concept: The GST aims to streamline the taxation structure in the country and replace a gamut of indirect taxes with a singular GST to simplify the taxation procedure. It has been established by the 101st Constitutional Amendment Act. It […]

Subject: Economy Context: The Goods and Service Tax (GST) regime completes three years since it was first introduced on July 1, 2017 Concept: The GST aims to streamline the taxation structure in the country and replace a gamut of indirect taxes with a singular GST to simplify the taxation procedure. It has been established by […]