Elaborate on how the introduction of GST has benefited the various stakeholders. Also, examine how the flexibility adopted in its applicability contributed in creating the signal market throughout the country. 10 marks

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In the Intro, briefly mention what GST is.
In the body mention the various ways in which it benefited various stakeholders such as consumers, producers, manufacturers, government with lower taxes due to elimination of cascading of taxes, lower taxes, elimination of taxes etc. In the next part, mention various changes adopted and how it helped in the creation of a single market.
Conclude by mentioning the need to adoption of single rate in the future.