Q. Is the famous “101st constitutional amendment act” related to?

[A] Goods and Services Tax (GST)

[B] Land boundary agreement

[C] Inflation targeting

[D] Water sharing

Answer: A
Notes:

Explanation: One Hundred and First Amendment Act, 2017 introduction of the Goods and Services Tax.

  • Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services.
  • It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.

Source: FORUMIAS

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