Tertiary Economic Activities — Amendments

Amendment	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.