Question
The 101st constitution amendment act of the Indian Constitution introduced the system of ________.
The correct answer is
one nation, one tax'
101st Amendment Act & GST
The 101st Constitution Amendment Act of India is a significant legislative change related to indirect taxation.
This amendment paved the way for the implementation of the Goods and Services Tax (GST) across India.
The core principle behind GST, introduced via this amendment, is summarised as:
- 'one nation, one tax': This signifies a unified indirect tax structure replacing multiple previous taxes, aiming for a single market across the country.
Therefore, the 101st Constitution Amendment Act introduced the system of 'one nation, one tax'.
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Important Questions from Goods and Services Tax (GST)
Which of the following is an Indirect Tax in India?
Goods and Service Tax is an example of ________.
Which of the following is an example of revenue receipt of the government?
The Goods and Services Tax, Act commenced from ______.
What kind of a tax is GST?
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