Question: The GST Council has been constituted as per the provisions of …
(a) The Constitution (One Hundred and First Amendment) Act, 2016.
(b) Finance Act, 2017
(c) Budget 2016
(d) Ordinance
Ans: (a)
Related Fact :
- The 15th Meeting of GST Council was held on June 03, 2017 at Vigyan Bhavan New Delhi.
- The meeting was chaired by the Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley.
- Important decisions like finalization of tax rates and cess to be levied on commodities can be taken in this meeting.
- Besides, approval of amendments to the draft GST Rules and related Forms are also on the agenda of the one day meeting.
- The meeting is likely to be attended by the Finance Ministers of different States/UTs who are the members of the GST Council along with the senior officers.
GST Council:
The Constitution (One Hundred and First Amendment) Act, 2016 has provision for the creation of the GST Council (Article 279A (1). As per Article 279A (4), the Council will make recommendations to the Union and the States on important issues related to GST, like the goods and services that may be subjected or exempted from GST, model GST Laws, principles that govern place of Supply, threshold limits, GST rates including the floor rates with bands, special rates for raising additional resources during natural calamities/disasters, special provisions for certain States, etc. As per Article 279A of the amended Constitution, the GST Council will be a joint forum of the Centre and the States. - This Council shall consist of the following members namely: –
a) Union Finance Minister… Chairperson
b) The Union Minister of State, in-charge of Revenue of finance… Member
c) The Minister In-charge of finance or taxation or any other Minister nominated by each State Government… Members
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=163341
http://www.ddinews.gov.in/Home%20-%20Headlines/Pages/GSTbills.aspx