Q.What are the objectives of Goods and Service Tax (GST) ? (Any 3)

GST aims at one nation-one tax, removing the cascading effect and widening the tax base.

In the Tamil Nadu HSC Class-11 Commerce syllabus, GST is the comprehensive indirect tax on the supply of goods and services. Its main objectives (listing three):

1. 'One Nation, One Tax': to create a single, unified national market by merging many separate central and state indirect taxes (excise, service tax, VAT, etc.) into one tax.
2. To eliminate the cascading effect: earlier, tax was charged on a value that already included tax (tax on tax). GST allows input tax credit, so tax is effectively paid only on value added. …