Economics · Fiscal Policy and Taxation
With respect to welfare programs like drinking water and housing projects for the poor, the implementation of Goods and Services Tax (GST) initially had which of the following impacts on state expenditures?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reduces the financial burden on the state
- 2Increases the financial burden on the state due to higher tax slabs on materials✓
- 3Does not impose any additional financial burden on the state
- 4Has no relationship with the structural costs of the projects
Correct answer
Increases the financial burden on the state due to higher tax slabs on materials
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