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The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:
- a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016
- b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016
- c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016
- d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016,...
The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016 was passed by the Rajya Sabha on 3rd August 2016 and by the Lok Sabha on 8th August 2016. This bill sought to introduce the Goods and Services Tax (GST) in the country, which is a comprehensive indirect tax on the supply of goods and services.
The passage of the GST Bill required the approval of both the Rajya Sabha (upper house of Parliament) and the Lok Sabha (lower house of Parliament). The bill was first introduced in the Lok Sabha, and after discussion and voting, it was passed by the Lok Sabha on 3rd August 2016. Later, it was sent to the Rajya Sabha for further consideration.
The Rajya Sabha, after thorough debate and discussion, passed the GST Bill on 8th August 2016. With the approval of both houses of Parliament, the bill was then sent to the President for his assent.
The President's assent is a necessary step for a bill to become an act. After receiving the President's assent, the Constitution (One Hundred and Twenty-Second Amendment) Act, 2016 was formed, and it came into effect from 8th September 2016.
The passing of the GST Bill was a significant milestone in the economic history of India. The introduction of GST aimed to replace multiple indirect taxes levied by the central and state governments, providing a unified tax structure across the country. This new tax system aimed to simplify tax compliance, reduce tax evasion, and promote ease of doing business.
By passing the bill, both the Rajya Sabha and the Lok Sabha demonstrated their commitment to economic reforms and their understanding of the importance of a unified tax system for the country's growth and development.
In conclusion, the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, which introduced the Goods and Services Tax in India, was passed by the Rajya Sabha on 3rd August 2016 and by the Lok Sabha on 8th August 2016.
Explanation:
The passage of the GST Bill required the approval of both the Rajya Sabha (upper house of Parliament) and the Lok Sabha (lower house of Parliament). The bill was first introduced in the Lok Sabha, and after discussion and voting, it was passed by the Lok Sabha on 3rd August 2016. Later, it was sent to the Rajya Sabha for further consideration.
The Rajya Sabha, after thorough debate and discussion, passed the GST Bill on 8th August 2016. With the approval of both houses of Parliament, the bill was then sent to the President for his assent.
The President's assent is a necessary step for a bill to become an act. After receiving the President's assent, the Constitution (One Hundred and Twenty-Second Amendment) Act, 2016 was formed, and it came into effect from 8th September 2016.
The passing of the GST Bill was a significant milestone in the economic history of India. The introduction of GST aimed to replace multiple indirect taxes levied by the central and state governments, providing a unified tax structure across the country. This new tax system aimed to simplify tax compliance, reduce tax evasion, and promote ease of doing business.
By passing the bill, both the Rajya Sabha and the Lok Sabha demonstrated their commitment to economic reforms and their understanding of the importance of a unified tax system for the country's growth and development.
In conclusion, the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, which introduced the Goods and Services Tax in India, was passed by the Rajya Sabha on 3rd August 2016 and by the Lok Sabha on 8th August 2016.
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The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016,...
Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016. The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, was introduced in the Parliament and passed by Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016. The President of India accorded assent on 8th September 2016, and it was notified as the Constitution (One Hundred and First Amendment) Act, 2016.
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The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer?
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The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer?.
The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for the introduction of Goods and Services tax in the country was passed by:a)Rajya Sabha on 3rd August 2016, and by Lok Sabha on 8th August 2016b)Lok Sabha on 3rd August 2016, and by Rajya Sabha on 8th August 2016c)Rajya Sabha on 8th August 2016, and by Lok Sabha on 3rd August 2016d)Lok Sabha on 8th August 2016, and by Rajya Sabha on 3rd August 2016Correct answer is option 'A'. Can you explain this answer?.
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