Q.State any four salient features of GST.

GST's features together explain both how it is levied and how its design keeps the tax from cascading.

GST's salient features include:

1. Destination-based consumption tax — revenue accrues to the State of consumption.
2. Levied on 'supply' — a single unified taxable event, replacing the earlier separate taxable events of manufacture, sale, and service.
3. Dual GST model — the Centre and the States/UTs both levy GST simultaneously.
4. Seamless Input Tax Credit (ITC) — GST on inputs is credited against GST on outputs across the whole chain.
5. GST Council [Article 279A] — the joint Centre-State constitutional body recommending rates, exemptions, and rules.
6. Threshold exemption and Composition Scheme for small businesses, keeping compliance proportionate to business size. …

Students sometimes list 'uniform tax RATE across all goods' as a feature — GST actually has MULTIPLE rate slabs for different categories of goods/services (an illustrative, Council-revised detail, not covered as a computation topic in th …