"The success of a GST system is largely dependent on the width of its coverage."Comment.

Model Answer: The success of GST tax regime will depend on the width of its coverage i.e larger the number of items for GST to be imposed; the larger is the tax collection and devolution. All items in the tax ..

The proposed 1% additional levy on supply of goods under GST will contradicts the actual purpose of GST introduction. Comment.

Model Answer: GST being a destination-based consumption tax, is levied in the states or places where the goods or services are consumed rather than on places from supply side. But, the manufacturing states such as Maharashtra and Gujarat have demanded ..

Discuss the impact of the GST implementation on inflation and GDP with special reference to the Make in India campaign?

Model Answer: The current indirect tax regime suffers from significant cascading which leads to higher cost of goods and services consumed in the country. State taxes and central taxes on a single sale of a good add to increase tax ..

The Land Pooling strategy for the new capital of Andhra Pradesh can become an example for Centre as well as other states in India. Discuss.

The Andhra Pradesh government has adopted land pooling strategy to collect the land as an alternative to land acquisition. Under the land pooling concept, small parcels of land and pooled from the various large owners contributed voluntarily would be developed ..

State the objectives envisaged in the public distribution system in India. Also discuss the limitations and steps taken by the government to deal with these limitations.

The Public Distribution System (PDS) is world’s largest Food Security program, catering to over 75% of rural population and 50% of the urban population in India. Objectives – under National Food Security Act, 2013: Food security India suffers from serious ..

The new industrial policy, 1991 signalled a marked shift from the features of pre-1991 policies. Discuss.

The economic policies have been product of their times and new industrial policy 1991 was no different. Pre-1991 policies: Post independence state – Concerns of food insecurity. Absence of strong foundation of industry. Agriculture sector highly impoverished. Socialism with mix ..

Analyze the importance of farmer producer organizations (FPOs) for betterment of agricultural sector and farmers in India.

Central sector scheme of formalisation of farmer producer organisations (FPOs) aims to set up 10,000 FPOs by the end of year 2022. Farmer Producer Organisations: They are organised groupings of primary producers, farmers in this case. United by common interest, ..

To what extent the proposed Goods & Services Tax has potential to alleviate the tax-on-tax problem? Substantiate your answer.

Model Answer: India’s federal system, allows both states and center to levy taxes separately over goods and services, which causes problem of “taxation over taxes” or “cascading-effect”. The large number of taxes over goods are not only problem for government ..