{"id":12918,"date":"2023-07-07T10:18:58","date_gmt":"2023-07-07T04:48:58","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=12918"},"modified":"2025-04-01T22:50:13","modified_gmt":"2025-04-01T17:20:13","slug":"what-is-the-goods-and-services-tax-gst-council","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-the-goods-and-services-tax-gst-council\/","title":{"rendered":"What is the Goods and Services Tax (GST) Council?"},"content":{"rendered":"<h2><strong>What Exactly is the Goods and Services Tax (GST)?<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>It is an<strong> indirect tax<\/strong> (not directly paid by customers to the government), that <strong>came into effect from 1 July 2017 through<\/strong> the implementation of the <strong>101st Amendment to the Constitution<\/strong> of India by the Indian government.<\/li>\n<li>It has actually <strong>replaced various indirect taxes<\/strong> such as &#8211; service taxes, VAT, excise and others in the country.<\/li>\n<li><strong>It is levied on the manufacturer or seller of goods and the providers of services.<\/strong><\/li>\n<li><strong>Types of GST:<\/strong> State Goods and Services Tax (SGST), Central Goods and Services Tax (<strong>CGST<\/strong>) and the Integrated Goods and Services Tax (<strong>IGST<\/strong>, on exports and imports).\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>What is the GST Council?<\/h3>\n<ul>\n<li><strong>Article 279A<\/strong> of the Indian Constitution g<strong>ives power to the President of India to constitute a joint forum of the Centre and States called the GST Council<\/strong>, consisting of the &#8211;<\/li>\n<li><strong>Union Finance Minister &#8211; Chairperson<\/strong><\/li>\n<li>T<strong>he Union Minister of State, in-charge of Revenue of finance &#8211; Membe<\/strong>r<\/li>\n<li>The <strong>Minister in-charge of finance or taxatio<\/strong>n or any other Minister <strong>nominated by each State Government &#8211; Members<\/strong><\/li>\n<li>The GST Council is an a<strong>pex committee to modify, reconcile or to make recommendations to the Union and the States on GST<\/strong>, like the goods and services that may be subjected or exempted from GST, model GST laws, etc.<\/li>\n<li><strong>Decisions in the GST Council are taken by a majority of not less than three-fourth of weighted votes cast.<\/strong><\/li>\n<li><strong>Centre has one-third weightage of the total votes cast and all the states taken together have two-third of weightage<\/strong> of the total votes cast.<\/li>\n<li><strong>All decisions taken by the GST Council have been arrived at through consensus.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is an Indirect Tax?<\/h3>\n<p>An indirect tax is collected by one entity in the supply chain, such as a manufacturer or retailer, and paid to the government; however, the tax is passed onto the consumer by the manufacturer or retailer as part of the purchase price of a good or service. The consumer is ultimately paying the tax by paying more for the product.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.business-standard.com\/economy\/news\/gst-council-to-discuss-scope-of-budgetary-support-for-units-in-hilly-states-123070500875_1.html\" target=\"_blank\" rel=\"nofollow noopener\"><u>GST Council to discuss scope of budgetary support for units in hilly states<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article 279A of the Indian Constitution gives power to the President of India to constitute a joint forum of the Centre and States called the GST Council.<\/p>\n","protected":false},"author":5,"featured_media":12919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-12918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=12918"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/12919"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=12918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=12918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=12918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}