Multiple Choice Questions on With reference to GST Council consider the following statements It is a constitutional body It is ch........... for CAPF (AC) Exam Preparation

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Multiple Choice Questions

With reference to GST Council consider the following statements It is a constitutional body It is ch...........

Indian Political System Commission/committee
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    With reference to GST Council, consider the following statements

    1. It is a constitutional body.
    2. It is chaired on rotational basis by state finance ministers.
    3. It is considered as federal body where both center and states get due representation.

    Select the correct statement.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Correct Answer

    All of the above

    Incorrect Answer
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    Explanation:

    GST Council

    • It is a constitutional body (Article 279A) for making recommendations to the Union and State Government on issues related to Goods and Services Tax.
    • The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.
    • It is considered as a federal body where both the centre and the states get due representation.
    • The council is devised in such a way that the centre will have 1/3rd voting power and the states have 2/3rd while the decisions are taken by 3/4th majority.

    Hence both statements 1&3 are correct.

    By: Shubham Tiwari
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