{"id":35268,"date":"2024-03-21T07:30:05","date_gmt":"2024-03-21T07:30:05","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=35268"},"modified":"2024-03-21T07:30:06","modified_gmt":"2024-03-21T07:30:06","slug":"gst-and-federalism-upsc-economy-notes","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/gst-and-federalism-upsc-economy-notes\/","title":{"rendered":"GST and Federalism – UPSC Economy Notes"},"content":{"rendered":"\n
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Goods and Services Tax (GST) stands as a pivotal fiscal policy tool adopted by many countries, including India, to streamline the taxation system. With its implementation, GST aims to replace a myriad of indirect taxes, unifying them under a single umbrella. This move holds significant implications for the federal structure of a nation like India, where power is distributed between the central and state governments. The integration of GST into the tax regime redefines the dynamics of federalism, as it necessitates cooperation and coordination between the central and state authorities while concurrently preserving their respective autonomy. This transformative tax reform underscores the delicate balance between centralization and decentralization in the governance framework, presenting both challenges and opportunities for the cooperative federal structure of the country.<\/p>\n\n\n\n

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