✎ Second-gen GST reforms aim to enhance fiscal federalism and state finances through expert discussions and policy insights.
Relevance for Banking, SSC & RBI Grade B exams: Economy
A two-day national seminar on second-generation GST reforms, organised by the Gulati Institute of Finance and Taxation (GIFT) in Thiruvananthapuram, will commence on September 7, with the inauguration by Kerala Chief Minister V.D. Satheesan on September 8. The event, in collaboration with the Indian Council of Social Science Research (ICSSR), will feature discussions led by prominent economists and former finance ministers, including T.M. Thomas Isaac and Haseeb A. Drabu, focusing on GST revenue performance, fiscal federalism, and tax rate adjustments. The seminar holds significance for banking and financial services aspirants, particularly for exams like RBI Grade B, as it will analyse the evolving GST framework, which directly impacts tax administration, compliance costs, and revenue buoyancy—key areas tested in economic awareness sections.
For SSC and Bank PO/IBPS/SBI aspirants, the seminar’s emphasis on fiscal policies and state finances is equally relevant, as GST reforms influence budgetary allocations, indirect tax collections, and inter-state economic dynamics. Questions in these exams often probe the relationship between GST implementation and macroeconomic indicators like inflation, GDP growth, and fiscal deficits. The event’s focus on second-generation reforms—such as rate rationalisation and compliance simplification—also aligns with the syllabus on indirect taxation and government revenue models, making it a pertinent case study for exam preparation.
Source: The Hindu
Generated by AanyaAi for educational purpose.
1 comment on “GST 2.0 Reforms Seminar: Key Insights for Banking & SSC Exams”