Page 508 - SSB Interview: The Complete Guide, Second Edition

a. Maintained by the NIC.

b. Goods and Services Tax Network (GSTN) is a non-profit
organisation formed for creating a sophisticated network.

c. Allows stakeholders, government and taxpayers to access

information from a single source (portal).

d. The portal is accessible to the Tax authorities for tracking down

every transaction.

e. Taxpayers can access and monitor their tax returns.

Comments

5. GST is a simplified tax regime to integrate the entire nation under one

simple, transparent system eliminating hoarding, tax evasion, inter-state

rivalry and smuggling. There is a further need to refine the regime to
bring all transactions under one tax slab, which should be the eventual

measure envisaged in due course. Petroleum, alcohol and real estate also

need to be included in the regime at the earliest as it will further benefit
the consumer and the manufacturer.

6. The implementation of such a major reform will inevitably suffer from

transitional and teething problems till the digital backbone and the data
networks become robust and insulated from the disruptions of

infrastructure expansions.

4. JUVENILE CRIME

Children are known as the innocent assets of society. They are considered to

be a gift from God and are always known for their honest nature. As we
know, children have an active subconscious mind. So, they are capable of

doing everything. We have an important duty to show them the right path.
So, they can differentiate between right and wrong. It is the duty of the