Consider the following statements regarding Goods and Services Tax Cou...
Explanation:
The correct answer is option B, i.e., statement 2 only is incorrect.
Statement 1: Every decision of the Goods and Services Tax (GST) Council shall be taken by a majority of not less than three-fourths of the weighted votes of the members present and voting.
This statement is correct. The GST Council is a constitutional body responsible for making decisions on various issues related to the Goods and Services Tax. The Council consists of the Union Finance Minister as the Chairperson, the Union Minister of State in charge of Revenue or Finance, and the Finance Ministers of all the states and union territories with legislatures.
According to Article 279A of the Constitution, any decision of the GST Council shall be taken by a majority of not less than three-fourths of the weighted votes of the members present and voting. This means that for any decision to be passed, it requires the support of at least 75% of the weighted votes of the members present and voting.
Statement 2: The vote of the Central Government in the GST council meeting shall have a weightage of two-thirds of the total votes cast.
This statement is incorrect. According to the provisions of the Constitution, the voting pattern in the GST Council is based on the principle of equal representation. The Central Government and all the state governments have equal voting rights in the Council. This means that the vote of the Central Government does not have a weightage of two-thirds of the total votes cast.
The decision-making process in the GST Council is based on a 'one state, one vote' principle. Each state has one vote, and so does the Central Government. Therefore, the voting power of the Central Government is equal to that of any state government.
In conclusion, statement 1 is correct, but statement 2 is incorrect.
Consider the following statements regarding Goods and Services Tax Cou...
- Every decision of the Goods and Services Tax 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: —
- The vote of the Central Government shall have a weightage of one third of the total votes cast, and
- the votes of all the State Governments taken together shall have a weightage of two-thirds of the total votes cast, in that meeting.