Which country was first to implement Goods and Services Tax (GST)? || ADRE 1.0 SLRC 2022 PAPER-III SOLVED QUESTIONS
Which country was first to implement Goods and Services Tax (GST)?
(A) Germany
(B) France
(C) Canada
(D) USA
Answer: B) France
Explanation:
France was the first country to implement the Goods and Services Tax (GST) in 1954. The French system of indirect tax on the sale of goods and services inspired the adoption of GST in many other countries worldwide.
This question tests knowledge of global economic history and was previously asked in ADRE's SLRC-2022 Paper-III, highlighting its relevance for candidates preparing for competitive exams.
Why this question is important
Understanding the origins of significant economic policies like GST is crucial for competitive exams like ADRE, as it reflects awareness of global economic developments and their impact.
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