Dear Aspirants, Now our SSC ADDA is Topper Ka Adda. We have started an initiative where Previous Years SSC toppers will be Guiding and training you through various platforms for the upcoming SSC CGL 2017 Exam. It's a great opportunity for all of you to prepare for the exam and be trained by the best of the minds of India.
Since SSC CGL Tier-III is going to be held on 19th March, We will be providing to you the study material for Tier-III, descriptive paper. there are three components of descriptive paper, Precis Writing, Letter/Application writing and Essay writing. Today, in this series we will post an Essay written by SSC TOPPER Mr. Narendra Kumar. Read the below given Essay and try to write in your language. Study and Practice well.
ESSAY TOPIC- GST : One Nation One Tax
Goods and Service Tax is a single Indirect Tax on the supply of goods and services right from the manufacturer to the customer. It was introduced as The Constitution (One Hundred and First Amendment) Act, 2016.
Aim of thin reform is to make India come under ‘one Nation one Tax’ regime in addition to eradicating tax evasions, multiplicity and cascading effects of tax. Some other objectives are to increase productivity, income Tax to GDP Ratio and revenue surplus, increase compliance etc.
As per the Amendment Act, the GST Council will be a point form of the Centre and the States. It is headed by Union Finance Minister and will make recommendations to the Union and the States on important issues related to GST.
The GST would subsume version indirect taxes levied by Central and state governments. This unified tax would help in reducing the multiplicity of taxes, mitigating cascading or double taxation, creating simpler tax regime etc. This will also make positive uniform prices. In addition to these benefits the tax would increase employment, attract investments.
GST has all the ingredients of modern seamless taxation system. But its success will depends on taking on board all the stakeholders and eliminating all the irritants which goes against the principle of GST. Different tax slots may create dissatisfaction similarly, if role of centre and State governments are not defined clearly it may have the negative impacts on Centre-State relations. The GST council should work collectively for smoother implementation of their reform.
With all concerns and worries, it is still a histrionic move to make India one of the most favourable investments and manufacturing destination.
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