Correct option is A
Correct Answer is: (a) Article 279-A
Explanation:
Article 279-A of the Indian Constitution empowers the President of India to constitute the GST Council by an order. The GST Council is responsible for making recommendations on tax rates, exemptions,
and governance related to the Goods and Services Tax (GST). This Article was introduced through the 101st Constitutional Amendment Act, 2016, which led to the implementation of GST in India from 1st July 2017.
and governance related to the Goods and Services Tax (GST). This Article was introduced through the 101st Constitutional Amendment Act, 2016, which led to the implementation of GST in India from 1st July 2017.
Information Booster:
- The GST Council consists of:
- The Union Finance Minister (Chairperson)
- The Minister of State for Finance
- State Finance Ministers of all states
- The GST Council recommends tax rates, policies, exemptions, and dispute resolution mechanisms.
- The GST system replaced multiple indirect taxes like VAT, Service Tax, Excise Duty, etc.
- Decisions in the GST Council require a three-fourths majority, with the Center having one-third weightage and states having two-thirds weightage.
- The Council meets periodically to review and update GST laws and rates.
- The introduction of GST has simplified the tax structure and improved tax compliance.
Additional Information:
- Article 277-A (B) (Incorrect): No such Article exists in the Indian Constitution.
- Article 280-A (C) (Incorrect): Not related to GST; Article 280 pertains to the Finance Commission.
- Article 278-A (D) (Incorrect): No such Article exists in the Indian Constitution.
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