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 introduced on July 1, 2017, and replaced a number of central and state taxes, including the Value Added Tax (VAT), Central Sales Tax (CST), and Excise Duty.
The GST has had a significant impact on Tamil Nadu’s economy. The state’s tax revenue has increased significantly since the introduction of the GST, and its fiscal autonomy has also improved. The GST has also had a positive impact on the state’s manufacturing sector, as it has made it easier for businesses to operate across state borders. Additionally, the GST has boosted trade and commerce in Tamil Nadu, as it has made it easier for businesses to import and export goods.
Here is a brief explanation of each option:
- Option a) Tax revenue and fiscal autonomy: The GST has had a positive impact on Tamil Nadu’s tax revenue. In the financial year 2017-18, the state’s tax revenue from the GST was Rs. 1,00,000 crore, which was an increase of 20% from d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube