UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Digital Economy and GST & Economic Survey - 2017

  • question_answer
    Name the Bill which has been passed by the Rajya Sabha on August 3.

    A) Goods and Services Tax (GST) Constitutional Amendment Bill

    B) Women's Reservation Bill

    C) Foreign Exchange Management Act

    D) Fiscal Responsibility and Budget Management Act

    Correct Answer: A

    Solution :

    The Rajya Sabha has passed the Goods and Services Tax (GST) Constitutional Amendment Bill which the Lok Sabha had already approved last year. The legislation was approved by the Rajya Sabha with 203 votes in favour and none against. The main objective of the GST is to eliminate excessive taxation. GST is a uniform indirect tax levied on goods and services across a country.


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