{"id":75934,"date":"2024-04-20T12:23:45","date_gmt":"2024-04-20T12:23:45","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=75934"},"modified":"2024-04-20T12:23:45","modified_gmt":"2024-04-20T12:23:45","slug":"introduction-of-gst-aimed-to","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/","title":{"rendered":"Introduction of GST aimed to:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Simplify the tax system&#8221; option2=&#8221;Reduce tax evasion&#8221; option3=&#8221;Broaden the tax base&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. All of the above.<\/p>\n<p>The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017, and replaced a number of indirect taxes, including the Central Value Added Tax (CENVAT), the State Value Added Tax (VAT), and the Service Tax.<\/p>\n<p>The introduction of GST aimed to simplify the tax system, reduce tax evasion, and broaden the tax base.<\/p>\n<ul>\n<li>Simplifying the tax system: GST is a single tax that is levied on the supply of goods and services at all stages of the value chain. This simplifies the tax system for businesses and taxpayers.<\/li>\n<li>Reducing tax evasion: GST is a destination-based tax, which means that the tax is levied at the place of consumption. This makes it difficult for businesses to evade taxes by shifting their sales to other states.<\/li>\n<li>Broadening the tax base: GST is a consumption-based tax, which means that it is levied on the value of goods and services consumed in India. This broadens the tax base and increases the revenue collected by the government.<\/li>\n<\/ul>\n<p>In addition to these objectives, the introduction of GST also aimed to improve compliance, promote ease of doing business, and boost economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Simplify the tax system&#8221; option2=&#8221;Reduce tax evasion&#8221; option3=&#8221;Broaden the tax base&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[983],"tags":[],"class_list":["post-75934","post","type-post","status-publish","format-standard","hentry","category-kerala-state-gk-mcq","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introduction of GST aimed to:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduction of GST aimed to:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Simplify the tax system&#8221; option2=&#8221;Reduce tax evasion&#8221; option3=&#8221;Broaden the tax base&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-20T12:23:45+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Introduction of GST aimed to:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/","og_locale":"en_US","og_type":"article","og_title":"Introduction of GST aimed to:","og_description":"[amp_mcq option1=&#8221;Simplify the tax system&#8221; option2=&#8221;Reduce tax evasion&#8221; option3=&#8221;Broaden the tax base&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-20T12:23:45+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/","url":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/","name":"Introduction of GST aimed to:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-20T12:23:45+00:00","dateModified":"2024-04-20T12:23:45+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/introduction-of-gst-aimed-to\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"Kerala state GK MCQ","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/kerala-state-gk-mcq\/"},{"@type":"ListItem","position":3,"name":"Introduction of GST aimed to:"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/75934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=75934"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/75934\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=75934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=75934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=75934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}