Background of the GST Council
The Goods and Services Tax is a new tax system that was implemented in the nation by the 101st Amendment Act of 2016. Coordination and cooperation between the states and the federal government are necessary for the effective and seamless administration of the GST. The GST Council was to be formed as part of the reforms to facilitate the consolation process. The Indian President was given the authority to establish a GST Council by the insertion of Article 279-A into the Indian Constitution. Thus, the GST Council was established by the President in 2016. Its secretariat is presently located in New Delhi.
GST Council: Functions, Structure & GST Implementation
GST Council is a constitutional body. It monitors and coordinates all aspects of the Goods and Services Tax (GST), including tax inclusion, mergers, exemptions, and other implementation processes. The 101st Amendment Act of 2016 created the body, making recommendations to the federal and state governments about the GST.
The GST Council combines ideas and rules into a single document, notifying stakeholders of changes through circulars and notifications that are made public following meetings. In this article, we will look into the background, structure, features, functions, and implementation of the GST Council.