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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.
In the context of SEBI's regulatory enhancements in 2024, what is one of the purposes of the whistleblower mechanism that AMCs are required to implement?
New Kwanza is the currency of which country?
India's largest private sector lender HDFC Bank has joined the list of global top 10 banks with $100 billion market capitalization.Which company is glob...
National Programme for Education of Girls at Elementary Level (NPEGEL) is being implemented under the umbrella of which of the following Initiatives?
What is the EU's Carbon Border Adjustment Mechanism (CBAM)?
_______ successfully defended their Hero Senior Women's National Football Championship crown after a penalty shootout win over Railways in the final.
Which financial services company will offer UPI 123PAY digital payment facility which is an instant IVR-based payment system (Interactive Voice Respon...
Which of the following indicates the system introduced by Lord Cornwallis granting legal ownership of land to the zamindars in Bengal in order to get a ...
Baghmara Pitcher Plant Sanctuary is located in which of the following states?
Which country won the Squash World Cup 2023 title?