What major financial reform did Arun Jaitley oversee?
Aadhaar card
PAN card
GST regime
FDI Guidelines
Answer
The Goods and Services Tax (GST) is a single indirect tax levied on goods and services throughout India. The GST was introduced on July 1, 2017, and replaced a number of other indirect taxes, including the central excise duty, service tax, value added tax (VAT), and octroi. The GST is a destination-based tax, which means that the tax is levied at the point of consumption.
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