Which Amendment Act (2017) of the Constitution contains the provisions necessary for the GST Regime?

103^rd
100^th
102^nd
101^st

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : 101st

The correct answer is 101st

In India, GST Bill was first introduced in 2014 as The Constitution (122nd Amendment) Bill.
This got approval in 2016 and was renumbered in the statute by Rajya Sabha as The Constitution (101st Amendment) Act, 2016.
The provisions of The Constitution (101st Amendment) Act, 2016 :
- Central GST to cover Excise duty, Service tax, etc, State GST to cover VAT, luxury tax, etc.
- Integrated GST to cover inter-state trade.
- Article 246A – states have the power to tax goods and services.
GST Council:
- Article 279A provided the formation of the GST Council by the President to administer & govern GST.
- Its Chairman is the Union Finance Minister of India with ministers nominated by the state governments as its members.

Goods and Services Tax (GST)
- It is a value-added tax levied on most goods and services sold for domestic consumption.
- The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.

4 views Answered 2022-09-04 04:29

Related Questions

In the following question, the 1st and the last part of the sentence/ passage are numbered 1 and 6. The rest of the sentence/passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. 1. The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. P. This can be achieved by charging uniform tax rates and eliminating economic barriers. Q. The objective of GST is to drive India towards becoming an integrated economy. R. These include Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc. S. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government 6. Thus, it will make the country a common national market?

1 Answers 5 Views

Which of the following countries have a dual structure GST regime?

1 Answers 4 Views

Consider the following statements with reference to the Preamble to the Constitution. 1. The Preamble is a modified version of the Poorna Swaraj pledge of Indian National Congress. 2. The Preamble is neither a part of the basic structure of the Constitution nor a justiciable part of the Constitution. 3. The Supreme Court, in the KesavanandaBharati Case held that the Preamble can be amended subject to the doctrine of “Basic Structure of the Constitution”. Which of the statements given above is/are correct?

1 Answers 5 Views

Which of the following statement(s) is/are NOT correct 1. The concept of Goods and Services Tax (GST) is originated in India. 2. GST abolished all the direct tax levied in India. 3. Shaktikanta Das is the head of the GST council.?

1 Answers 4 Views

Which of the following statement is true regarding bills of parliament Bills introduced in the Parliament are of two kinds: public bills and private bills (also known as government bills and private members’ bills respectively). The bills introduced in the Parliament can also be classified into four categories: Formal bills, Currency bills, Financial bills and Constitution amendment bills Financial bills, are concerned with financial matters like taxation ,public expenditure etc. Constitution amendment bills, which are concerned with the amendment of the provisions of the Constitution.?

1 Answers 7 Views

Which of the following category is NOT a right classification of the bills introduced in the Parliament Ordinary bills, which are concerned with any matter other than financial subjects. Currency bills, which are concerned with the financial matters like taxation, public expenditure, etc. Financial bills, which are also concerned with financial matters ,also called as money bills. Constitution amendment bills, which are concerned with the amendment of the provisions of the Constitution.?

1 Answers 5 Views

Which of the following statements is correct about "Government of India act 1858" 1)This act is also called "Act of good governance". 2) In this act, the Governor General designation was converted to Viceroy. 3) The act ended the " Dual Government" System.?

1 Answers 6 Views

Which of the following statements is correct about Pitt's India Act 1) This act was passed in the year 1784. 2) The act came to rectify the defects of the Regulating act of 1772.?

1 Answers 4 Views

Which of the following statement/s about Fundamental Duties is/are not correct (i) The Fundamental Duties are incorporated in Article 51A (Part IVA) of Constitution. (ii) The Fundamental Duties were inserted in the Constitution by the 42nd Constitution Amendment Act, 1976. (iii) The Fundamental Duties have to be fulfilled by every person living in India. (iv) The eleventh Fundamental Duty was added by the 86th Constitution Amendment Act, 2006. Choose the correct answer from the code given below :?

1 Answers 5 Views

While adopting the Constitution of India in 1949, by which Article of the Constitution of India, the Indian Independence Act, 1947, and the Government of India Act, 1935, together with all enactments amending or supplementing the latter Act, EXCEPT the Abolition of Privy Council Jurisdiction Act, 1949 was repealed?

1 Answers 4 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)