GST Council

GST Council

53rd GST Council meeting took place.

  • A joint forum of the Centre and the states.
  • Constitutional Body as per Article 279A (1) of the Constitution.
    • Inserted by 101st Amendment Act of 2016
  • Set up by – President
  • Members –
    • Union Finance Minister acts as the Chairperson.Union Minister of State (Finance) from the Centre.Each state can nominate a minister in-charge of finance or taxation or any other minister as a member.The Chairperson of the Central Board of Indirect Taxes and Customs (CBlC) is a permanent invitee (non-voting) to all proceedings of the Goods and Services Tax Council.
    • The Union Revenue Secretary (Department of Revenue, Ministry of Finance) acts as the ex-officio Secretary to the Goods and Services Tax Council.
  • Working –
    • GST Council takes every decision at its meetings by a majority of not less than three-fourths of the weighted votes of the members present and voting.
    • The least quorum required for conducting a meeting is 50% of the total number of members of the Council.
    • Weightage of Center’s Vote – One-third of the total votes cast in a particular meeting
    • Weightage of States’ Votes – Votes of all the state governments combined is assigned a weightage of two-thirds of the total votes cast in a particular meeting.
  • Functions – GST Council is required to make recommendations to the Centre and the States on the following matters
    • Taxes, cesses, and surcharges levied by the Center, the States, and the local bodies would get subsumed into GST.
    • The goods and services that may be subjected to or exempted from GST.
    • The model GST Laws, principles of levy, apportionment of GST levied on supplies in the course of inter-state trade or commerce, and the principles that govern the place of supply.
    • The threshold limit of turnover below which goods and services may be exempted from GST.
    • Any special rate or rates for a specified period to raise additional resources during any natural calamity or disaster.

Source: The Indian Express


Previous Year Question

Consider the following items:
1. Cereal grains hulled
2. Chicken eggs cooked
3. Fish processed and canned
4. Newspapers containing advertising material
Which of the above items is/are exempted under GST (Good and Services Tax)?

[UPSC Civil Services Exam – 2018 Prelims]

(a) 1 only
(b) 2 and 3 only
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4

Answer: (c)
Explanation:
Fish, crustaceans & other aquatic invertebrates in processed, cured or frozen state are taxable at 5% rate under GST.


Practice Question

Consider the following:

  1. Taxes, cesses, and surcharges levied by the Center, the States, and the local bodies would get subsumed into GST.
  2. The goods and services that may be subjected to or exempted from GST.
  3. The model GST Laws, principles of levy, apportionment of GST levied on supplies in the course of inter-state trade or commerce, and the principles that govern the place of supply.

GST Council is required to make recommendations to the Centre and the States on how many of the above matters?

 
 
 
 

Question 1 of 1

Leave a Reply

Your email address will not be published. Required fields are marked *