Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Goods and Services Tax became operational in the year:

Options:

2016

2018

2017

2014

Correct Answer:

2017

Explanation:

The correct answer is Option (3) → 2017

The Goods and Services Tax (GST) was implemented in India on 1st July 2017. It replaced multiple indirect taxes like excise duty, service tax, and VAT with a unified tax system, creating “One Nation, One Tax”.