Mentor’s comment-
- https://www.financialexpress.
com/opinion/what-next-for-gst/ 2575850/ - https://indianexpress.com/
article/opinion/columns/gst- five-years-stronger-8001468/ - In the intro, mention the completion of 5 years of GST regime.
- In the body, mention the achievements of the GST regime and issues such as low revenue neutral rate, compensation for states etc. In the next part mention various suggestions such as bringing fuel and ATF, real estate in the ambit of GST, rationalisation of rates, reducing the number of slabs, increasing the compliance etc.
- Conclude by mentioning the need for continuous improvement in the GST regime to make it a good and simple tax.
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Sushant
Decent attempt.
Introduction is good.
In next part, points are fine.. Some data could be mentioned in 1st point.. You can talk about increasing monthly collection. Some other points that can be talked about – e-way bill system has reduced the logistics cost, improved turnaround time; cooperative federalism, continuos efforts at rationalization of rates etc
Issues are fine, cooperative federalism is more of a positive as largely GST has moved along with the cooperation of centre-states.. Better you can mention loss of fiscal autonomy of states.. A number of goods being outside the purview of GST is also an issue which could be mentioned.
Way forward is fine, you can add that centre shouldn’t use cess to bypass GST. Conclusion is good.
Keep practicing. 🙂
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Deepti
Introduction is fine.
In next part, you need to talk more about performance of GST, rather than it’s features. Points no. 4 and 5 are good, some data could be mentioned to emphasize upon the achievements- increased collections (1.55 lakh crore in first two months this year) and expected to increase.
Further, you can talk about cooperative federalism, decrease in logistics cost,rate rationalization (only 3 percent of the items subject to the 28 percent GST rate) etc
Demerits are fine, way forward is also decent enough, you can add that centre shouldn’t use cess to bypass GST plus the need for a more accomodative approach.
Add a conclusion.
Keep practicing. 🙂
4.5/10
Payment Id: pay_Jleaaqb12Iv40R
Chandan
Decent attempt. Structure of the answer is fine, content is also okay, some points are missing.
Introduction ia good.
In next part, some data could be mentioned to emphasize upon the achievements- increased collections (1.55 lakh crore in first two months this year) and expected to increase.
Further, things like cooperative federalism, introduction of e way bill system which has led to improved turnaround time and reduced logistics cost, rate rationalization (only 3 percent of the items subject to the 28 percent GST rate) etc could be mentioned.
Negatives are fine, point no 1 and 2 can be combined (1 is one of the reasons for 2), loss of fiscal autonomy to states, a number of goods being outside the purview of the GST, existence of multiple slabs could be mentioned.
Way forward is fine, try to give a conclusion. Use hub-spoke diagrams if you fall short of space, in that way multiple points could be written without taking up too many words.
Keep practicing. 🙂
JmQPOijgofaERD
Hello
Please rotate the image before posting.
Attempt is decent. Your knowledge is fine, structure of the answer is also okay. Some points are missing though, which could be added.
Introduction is fine, in positives some data could be mentioned to emphasize upon of your points- increased collections (1.55 lakh crore in first two months this year) and expected to increase.
Further, things like cooperative federalism, introduction of e way bill system which has led to improved turnaround time and reduced logistics cost, rate rationalization (only 3 percent of the items subject to the 28 percent GST rate) etc could also be mentioned.
Negatives are also fine, a lot of goods outside the purview of GST, number of slabs etc could be added.
Way forward is fine, NK singh panel recommendations on rate rationalization and reduction of tax slabs could be mentioned.
Conclusion is good.
Keep practicing. 🙂
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Naveen
Good attempt, content and presentation both are decent enough.
Introduction is good, achievements mentioned are also fine.. Some data could be mentioned in point no. 1, increased revenue collection (1.55 lakh crore in 1st 2 months this year, further increase expected) ; point no. 3 can be framed better(reduced compliance indicates people are bypassing, instead reduced procedural formalities could be said).
Issues are fine too, the controversy around compensation cess could be mentioned, plus a lot of goods are still there outside the purview of GST, reduction in fiscal autonomy of states etc could be added.
Way forward and conclusion are fine.
Keep practicing. 🙂
5.5/10