Which Constitutional amendment led to the introduction of the Goods and Services Tax(GST) in India?

Correct option is C

• GST Framework: The 101st Amendment facilitated the creation of a single tax system that replaced multiple taxes like sales tax, excise duty, and VAT, promoting ease of doing business.

• GST Council: It led to the formation of the GST Council, which comprises the Union Finance Minister, State Finance Ministers, and the Union Minister of State for Finance.

• Objectives of GST: The aim was to simplify the tax structure, ensure uniformity in tax rates, and increase tax compliance across the country.

• Dual GST System: India implemented a dual GST system, where the Central Government levies CGST (Central GST), and the State Governments levy SGST (State GST), along with IGST (Integrated GST) for interstate transactions.

• Impact: GST aims to increase economic growth by eliminating the cascading effect of taxes, providing transparency in tax collection, and promoting exports.

Additional Information:

•  86th Amendment: The 86th Amendment (2002) deals with education and introduced free and compulsory education for children between the ages of 6 and 14.

•  61st Amendment: The 61st Amendment (1988) lowered the voting age from 21 to 18 years.

•  100th Amendment: The 100th Amendment (2015) dealt with the acquisition of land and territory for land boundary agreements.