Introduction of GST affects the revenue of
A)consuming states
B)manufacturing states
C)all the states
D)central government

Question

Quizplus · Accepted Answer

GST (Goods and Services Tax) is designed to be a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India, replacing multiple cascading taxes levied by the central and state governments. Therefore, it affects the revenue of all states by redistributing and sharing the tax base among them, as well as impacting the revenue of the central government.

Introduction of GST Affects the Revenue of