Home/ Questions/Q 343885
Next
In Process
Manish Prasad Sandal
Asked: 2022-10-29T16:42:34+05:30 In:

Which amendment to the constitution introduced the Goods and Services Tax (GST)?
1. 103rd Constitution Amendment Act, 2018
2. 73rd Constitution Amendment Act of 2003
3. 101st Constitution Amendment Act, 2016
4. 92nd Constitution Amendment Act of 2003

Which amendment to the constitution introduced the Goods and Services Tax (GST)?
1. 103rd Constitution Amendment Act, 2018
2. 73rd Constitution Amendment Act of 2003
3. 101st Constitution Amendment Act, 2016
4. 92nd Constitution Amendment Act of 2003
Class 11
Leave an answer

Leave an answer

Browse

1 Answer

  1. Correct Answer – Option 3 : 101st Constitution Amendment Act, 2016

    The correct answer is 101st Constitution Amendment Act, 2016.

    • 101st Constitution Amendment Act, 2016  introduced the Goods and Services Tax.
    • GST Bill was first introduced in 2014 as The Constitution (122nd Amendment) Bill.
    • Goods and Services Tax is a widespread indirect tax on the manufacture, sale, and consumption of goods and services throughout India.
    • GST replaced respective taxes levied by the central and state governments.
    • It is an indirect tax for the whole country on the lines of “One Nation One Tax” to make India a combined market.
    • GST Council will decide upon any matter related to GST whose chairman is the finance minister of India.
    • GST has provisions of:
      • Central GST to cover Excise duty, Service tax.
      • State GST to cover VAT, luxury tax and Integrated GST to cover inter-state trade.
      • IGST is not a tax but a system to coordinate state and union taxes.
      • Article 246A states that States have the power to tax goods and services.
    • The Ninety-second Amendment of the Constitution of India is known as The Constitution (Ninety-second Amendment) Act, 2003.
      • It amended the Eighth Schedule to the Constitution.
      • It includes Bodo, Dogri, Maithili and Santali languages and increases the total number of languages listed in the schedule to 22.
    • The Constitutional (103rd Amendment) Act got the assent of the President of India on 13th January 2018.
      • It provides reservation of jobs in central government jobs as well as government educational institutions.
      • It applies to citizens belonging to the economically weaker sections from the upper castes.
      • This reservation is “in addition to the existing reservations and subject to a maximum of ten percent of the total seats in each category”.
    • The Constitutional (73rd Amendment) Act of 1992 came into force in India to provide constitutional status to the Panchayati Raj institutions.
    • 0