L4/P8: GST: Goods and services tax- Features,Benefits, Challanges

🔖Coupon Code: 'Mrunal.org' gives extra discount for 👨‍🏫 Mrunal's New UPSC Prelims & Mains Courses at https://unacademy.com/@mrunal.org 📢Features of Mrunal's Economy Course at Unacademy: 1) 👨‍🏫 Weekly live classes @night even Working Professional can attend 2) 🆎 Updated Powerpoints with latest budgets, economic surveys & current Affairs of Economy 3) 📑 500+ pages Rapid revision handouts, covering both Prelims & Mains, incl. Hindi translation for important terminologies. No need to purchase separate books / NCERTs. 4) 🔠 Weekly Quiz with ranking system 5) 💬 Weekly Doubt Solution to your queries. Language: Hindi, Topics Covered: 1. recap of the previous lectures on fiscal policy 2. sales tax and cascading effect explained 3. Value added tax (VAT) and input credit system. 4. What are MODVAT and CENVAT? 5. Why do we need goods and services tax? 6. 122nd constitutional amendment Bill 2014: salient features of. 7. GST council: structure and functions 8. list of union and states indirect taxes to be subsumed under GST regime 9. What are CGST, SGST and IGST input credit system. 10. four benefits of GST: efficient logistics, Ancillarisation, Same “Base” computation and Zero rated Exports 11. Challenges ahead in implementation: High revenue neutral rate (RNR), Compensation to states & 14th Finance commission, Registration threshold and Misc. issues. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India