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The 'Goods and Services Tax' was proposed by a task force, headed by
1. Vijay Kelkar
2. Montek Singh Ahluwalia
3. Arun Jaitley
4.  Narasimha 

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Correct Answer - Option 1 : Vijay Kelkar

The correct answer is Vijay Kelkar.

  • The 'Goods and Services Tax' was proposed by a task force, headed by Vijay Kelkar.

  • Mostly All the taxes mentioned earlier are proposed to be subsumed in a single tax called the Goods and Services Tax (GST) which will be levied on the supply of goods or services or both at each stage of supply chain starting from manufacture or import and till the last retail level. So basically any tax that is presently being levied by the Central or State Government on the supply of goods or services is going to be converted into GST.
  • GST is proposed to be a dual levy where the Central Government will levy and collect Central GST (CGST) and the State will levy and collect State GST (SGST) on intra-state supply of goods or services. The Centre will also levy and collect Integrated GST (IGST) on inter-state supply of goods or services. Thus GST is a unifier that is going to integrate various taxes being levied by the Centre and the State at present and provide a platform for forging an economic union of the country.

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