Question
With reference to GST Council, consider the following
statements I. It is considered as a federal body where both the Centre and the states get due representation. II. Both the Union and the state have equal voting weightage in decision making. III. Council's decisions are recommendatory in nature. Which of the following statements is/are correct?Solution
It is a constitutional body under Article 279A, introduced by the Constitution (One Hundred and First Amendment) Act, 2016. It is empowered to modify, reconcile or to procure any law or regulation based on the context of GST in India. It is also considered as a federal body where both the centre and the states get due representation. Functions: It makes recommendations to the Union and State Government on issues related to GST. Composition Chairperson: Union Finance Minister. Members: Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States. Every decision of the GST Council shall be taken at a meeting by a majority of not less than three-fourths of the weighted votes of the members present and voting, in accordance with the following principles, namely: Vote of the Central Government shall have a weightage of one third of the total votes cast. Votes of all the State Governments taken together shall have a Weightage of two-thirds of the total votes cast, in that meeting.
Vihaan and Nav Agarwal won the International Children's Peace Prize 2021 for which work?
With which sport is the oval stadium associated?
Which of the following is a human factor responsible for soil erosion?
1. Deforestation
2. Run off water
3. Overgrazing
...In MCLR, what does M stand for?
What was the primary focus of the national workshop convened in Ranchi, Jharkhand, from February 15-16, 2024, under the Deendayal Antyodaya Yo...
What is the redemption price of Sovereign Gold Bonds?
Which river is associated with the Dhuandhar falls?
Who among the following Katyuri rulers was responsible for the construction of the Lakulish Temple in Jageshwar?
The Lesser Himalaya is separated from the ‘Dun’ by the which of the following?
What is the capital of Australia?