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GST Appellate Tribunal Launched for Unified Dispute Resolution Why in the News? Finance Minister Nirmala Sitharaman launched the Goods and Services Tax Appellate Tribunal (GSTAT), establishing a centralized mechanism for GST dispute resolution. With one principal bench in Delhi and 31 state benches nationwide, it strengthens ease of doing business, acting as a tropical depression …
Read MoreGST 2.0: Towards a Simpler, Stronger and Inclusive Tax Regime Syllabus: GS 3 ● GST Reform ● Taxation reforms, Fiscal policy Why in the News? The GST 2.0 reform marks India’s most significant indirect tax reform since GST’s launch in 2017. Prioritising simplification over short-term revenue gains, it collapses tax slabs, introduces a clear sin …
Read MoreWhy in the news? June’s GST revenue growth slowed to a three-year low of 7.74%. No official statement released by the Finance Ministry on GST collections. About Goods and Services Tax (GST): GST was introduced through the 101st Constitution Amendment Act, 2016. The GST has subsumed indirect taxes like excise duty, Value Added Tax (VAT), …
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