The correct answer is: d) All of the above.
The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It was implemented on 1 July 2017, and replaced a number of indirect taxes such as the Central Value Added Tax (CENVAT), State Value Added Tax (VAT), Excise Duty, Service Tax, and Luxury Tax.
The implementation of GST in Arunachal Pradesh aimed to:
- Simplify the tax system by replacing a number of indirect taxes with a single tax.
- Broaden the tax base by bringing more businesses and transactions under the tax net.
- Improve compliance by making it easier for businesses to file taxes and for the government to track tax collections.
The implementation of GST has been successful in achieving these objectives. The tax system has been simplified, the tax base has been broadened, and compliance has improved. This has led to increased revenue collection for the government and a more efficient tax system.
Here is a brief explanation of each option:
- Option (a): Simplify the tax system. The GST is a single tax that is levied on the supply of goods and services. This replaces a number of indirect taxes such as the CENVAT, VAT, Excise Duty, Service Tax, and Luxury Tax. This has simplified the tax system for businesses and individuals.
- Option (b): Broaden the tax base. The GST has broadened the tax base by bringing more businesses and transactions under the tax net. This has increased the revenue collection for the government.
- Option (c): Improve compliance. The GST has improved compliance by making it easier for businesses to file taxes and for the government to track tax collections. This has led to increased revenue collection for the government.