Indian & World Geography·Policy Changes
Tertiary Economic Activities — Policy Changes
Constitution VerifiedUPSC Verified
Version 1Updated 7 Mar 2026
| Entry | Year | Description | Impact |
|---|---|---|---|
| 101st Constitutional Amendment Act | 2016 | Introduced the Goods and Services Tax (GST) in India, subsuming various indirect taxes, including service tax. This created a unified national market for goods and services. | Significantly streamlined the taxation regime for the service sector, reducing cascading effects of taxes, improving compliance, and facilitating inter-state trade in services. It has been a major reform impacting the operational and financial aspects of almost all tertiary activities. |