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The GST Council is a constitutional body responsible for:
- a)Making recommendations to the Union and State Government on issues related to Goods and Services Tax
- b)Making decisions on the implementation of the Goods and Services Tax
- c)Collecting and distributing the Goods and Services Tax revenue
- d)Regulating the prices of goods and services in the country
Correct answer is option 'A'. Can you explain this answer?
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The GST Council is a constitutional body responsible for:a)Making reco...
The GST Council is a constitutional body responsible for:
The correct answer is option 'A' - Making recommendations to the Union and State Government on issues related to Goods and Services Tax. Let's delve into the details of why this option is correct.
Explanation:
The Goods and Services Tax (GST) Council was formed as per the provisions of the Constitution (One Hundred and First Amendment) Act, 2016. It is a constitutional body responsible for making recommendations to the Union and State Governments on various issues related to the GST.
Role and Responsibilities of the GST Council:
1. Making recommendations: The primary role of the GST Council is to make recommendations to both the Union and State Governments on issues related to the GST. These recommendations can include matters such as tax rates, exemptions, thresholds, and other policy-related decisions.
2. Deciding tax rates: The GST Council decides on the tax rates for different goods and services. It determines the rates under different categories such as the standard rate, the rate for essential goods, and the rate for luxury goods. These decisions are taken based on the recommendations made by the Council.
3. Harmonizing tax structure: The Council works towards harmonizing the tax structure across the country. It aims to achieve uniformity in tax rates and procedures for the supply of goods and services. This helps in creating a common market by eliminating barriers to trade and ensuring a seamless flow of goods and services.
4. Addressing issues and concerns: The GST Council addresses issues and concerns raised by the Union and State Governments regarding the implementation of the GST. It provides a platform for discussion and resolution of these issues, ensuring smooth functioning of the tax regime.
5. Decision-making: While the GST Council primarily makes recommendations, it also has the power to make certain decisions on the implementation of the GST. However, major decisions such as changes in tax rates and thresholds require the approval of both the Union and State Governments.
Conclusion:
The GST Council plays a crucial role in the implementation and functioning of the Goods and Services Tax in India. It acts as a platform for discussion, decision-making, and making recommendations to the Union and State Governments. Its main objective is to ensure a smooth transition to the GST regime and address any issues or concerns that may arise along the way.
The correct answer is option 'A' - Making recommendations to the Union and State Government on issues related to Goods and Services Tax. Let's delve into the details of why this option is correct.
Explanation:
The Goods and Services Tax (GST) Council was formed as per the provisions of the Constitution (One Hundred and First Amendment) Act, 2016. It is a constitutional body responsible for making recommendations to the Union and State Governments on various issues related to the GST.
Role and Responsibilities of the GST Council:
1. Making recommendations: The primary role of the GST Council is to make recommendations to both the Union and State Governments on issues related to the GST. These recommendations can include matters such as tax rates, exemptions, thresholds, and other policy-related decisions.
2. Deciding tax rates: The GST Council decides on the tax rates for different goods and services. It determines the rates under different categories such as the standard rate, the rate for essential goods, and the rate for luxury goods. These decisions are taken based on the recommendations made by the Council.
3. Harmonizing tax structure: The Council works towards harmonizing the tax structure across the country. It aims to achieve uniformity in tax rates and procedures for the supply of goods and services. This helps in creating a common market by eliminating barriers to trade and ensuring a seamless flow of goods and services.
4. Addressing issues and concerns: The GST Council addresses issues and concerns raised by the Union and State Governments regarding the implementation of the GST. It provides a platform for discussion and resolution of these issues, ensuring smooth functioning of the tax regime.
5. Decision-making: While the GST Council primarily makes recommendations, it also has the power to make certain decisions on the implementation of the GST. However, major decisions such as changes in tax rates and thresholds require the approval of both the Union and State Governments.
Conclusion:
The GST Council plays a crucial role in the implementation and functioning of the Goods and Services Tax in India. It acts as a platform for discussion, decision-making, and making recommendations to the Union and State Governments. Its main objective is to ensure a smooth transition to the GST regime and address any issues or concerns that may arise along the way.
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The GST Council is a constitutional body responsible for:a)Making reco...
Making recommendations to the Union and State Government on issues related to Goods and Services Tax. The GST Council is a constitutional body that makes recommendations on various issues related to GST, such as the goods and services that may be subjected or exempted from GST, model GST Laws, principles that govern the Place of Supply, threshold limits, GST rates, special rates for raising additional resources during natural calamities/disasters, special provisions for certain States, etc.
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The GST Council is a constitutional body responsible for:a)Making recommendations to the Union and State Government on issues related to Goods and Services Taxb)Making decisions on the implementation of the Goods and Services Taxc)Collecting and distributing the Goods and Services Tax revenued)Regulating the prices of goods and services in the countryCorrect answer is option 'A'. Can you explain this answer?
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The GST Council is a constitutional body responsible for:a)Making recommendations to the Union and State Government on issues related to Goods and Services Taxb)Making decisions on the implementation of the Goods and Services Taxc)Collecting and distributing the Goods and Services Tax revenued)Regulating the prices of goods and services in the countryCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The GST Council is a constitutional body responsible for:a)Making recommendations to the Union and State Government on issues related to Goods and Services Taxb)Making decisions on the implementation of the Goods and Services Taxc)Collecting and distributing the Goods and Services Tax revenued)Regulating the prices of goods and services in the countryCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The GST Council is a constitutional body responsible for:a)Making recommendations to the Union and State Government on issues related to Goods and Services Taxb)Making decisions on the implementation of the Goods and Services Taxc)Collecting and distributing the Goods and Services Tax revenued)Regulating the prices of goods and services in the countryCorrect answer is option 'A'. Can you explain this answer?.
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