Bank Exams Exam  >  Bank Exams Questions  >  What was one of the outcomes of the implement... Start Learning for Free
What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?
  • a)
    Enhanced fiscal autonomy
  • b)
    Increased local tax revenues
  • c)
    Greater investment in infrastructure
  • d)
    Significant revenue loss
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What was one of the outcomes of the implementation of the Goods and Se...
One of the outcomes of the implementation of the Goods and Services Tax (GST) was a significant revenue loss for municipalities, estimated to be around 19%. This loss occurred because local taxes were absorbed into the GST framework, leading to fiscal uncertainty for urban local bodies. An interesting fact is that the compensation mechanisms intended to offset these losses have often failed to adequately support municipalities, highlighting the need for a reformed fiscal structure.
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Question Description
What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer?.
Solutions for What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What was one of the outcomes of the implementation of the Goods and Services Tax (GST) for municipalities in India?a) Enhanced fiscal autonomyb) Increased local tax revenuesc) Greater investment in infrastructured) Significant revenue lossCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Bank Exams tests.
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev