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Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment
6. Critically examine the performance of the present goods and services tax (GST) regime in the first five years since its inception and suggest possible reforms. (250 words)
Difficulty level: Easy
Reference: Indian Express
Why the question:
India’s goods and services tax (GST) will be five years old on July 1. The GST Council, comprising minister representatives from all states and union territories, will be meeting over the next few days.
Key Demand of the question:
To write about various successes and limitations of GST and reforms that are needed in it.
Directive word:
Critically examine – When asked to ‘Examine’, we have to look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgment.
Structure of the answer:
Introduction:
Begin by aims and objectives behind the launch of GST.
Body:
First, write about the achievements of GST in the past 5 years. Substantiate with examples, facts or statistics.
Next, write about the shortcomings of GST in the past 5 years. Substantiate with examples, facts or statistics.
Next, suggest reforms in GST.
Conclusion:
Conclude with a way forward.
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