Indian & World Geography·Policy Changes

Tertiary Economic Activities — Policy Changes

Constitution VerifiedUPSC Verified
Version 1Updated 7 Mar 2026
EntryYearDescriptionImpact
101st Constitutional Amendment Act2016Introduced 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.
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