In this episode of Concept Talk, Dr. Vikas Divyakirti has done a detailed review of the GST Bill The podcast explanation is full of interesting examples that will help learn Economics concept with full clarity. The language of this podcast is in Hindi and are easy to understand to common.

The discussion is about GST-2 (Hindi) - How GST System works?

GST FEATURES- COMPREHENSIVE, MULTI-STAGE, VALUE-ADDED, DESTINATION BASED TAX

GST is an indirect tax which has certain characteristics: it is comprehensive, multi-stage tax (such as purchase, production, warehousing, sale), value-added tax and destination based tax. These four phrases contain the synopsis of GST needed for general studies syllabus. If you are plainly asked about GST, these four features should suffice your definitional purpose of GST in Economics General studies or Interview or an essay on GST.

GST is obviously needed for indirect taxes (as not much problem exists with respect to collection of taxes in Direct tax).Dr. Vikas goes on to explain how GST is comprehensive, how it subsumes the various taxes at various levels (some products like Petroleum attract no GST)

This talk is full of humor and interesting explanations and anecdotes (like that of Rajiv Gandhi, Devilal etc going in full history and evolution of tax regime)for a simpler understanding of economic concepts.

Credit of this concept talk goes to Drishti IAS youtube channel.

Official You Tube Channel of Drishti IAS - https://www.youtube.com/channel/UCzLqOSZPtUKrmSEnlH4LAvw

Thank You So Much🙏🙏 -

Special Thanks To - Dr. Vikas Divyakriti & Team Drishti IAS.

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