Current Affair
 
  • Mobile Menu
HOME
LOG IN SIGN UP

Sign-Up IcanDon't Have an Account?


SIGN UP

 

Login Icon

Have an Account?


LOG IN
 

or
By clicking on Register, you are agreeing to our Terms & Conditions.
 
 
 

or
 
 




GST COUNCIL

Sun 30 May, 2021

Why in news ?

  • Recently, the 43rd Goods and Services Tax (GST) Council meeting was held.
  • This was the first meeting of the GST Council in the financial year 2021-22. The council’s last meeting was held in October 2020.

Static 

  • 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
  • The council is devised in such a way that the centre will have 1/3rd voting power and the states have 2/3rd.
  • The decisions are taken by 3/4th majority.