Consider the following statements with reference to Goods and Services Tax GST Council Every decisio...........

Economic Affairs Tax System

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Consider the following statements with reference to Goods and Services Tax (GST) Council

Every decision of the GST Council is taken by a majority of not less than three-fourths of the weighted votes of the members present and voting.
Two-third of the total number of Members of the Goods and Services Tax Council constitute the quorum at its meetings.
The vote of the Central Government has a weightage of one third of the total votes cast.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service 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.

Every decision of the Goods and Services Tax Council is taken at a meeting, by a majority of not less than three-fourths of the weighted votes of the members present and voting
One-half of the total number of Members of the Goods and Services Tax Council shall constitute the quorum at its meetings.
In the GST Council meeting; the vote of the Central Government has a weightage of one third of the total votes cast, and the votes of all the State Governments taken together have a weightage of two-thirds of the total votes cast.

Hence only statements 1&3 are correct.