According to the constitutional framework and recommendations of the Finance Commissions, taxes collected by the Union Government, such as Union Excise Duty (in the pre-GST era, and now taxes subsumed under GST), are shareable with the State Governments. The vertical devolution formula, determining the percentage of divisible pool of Union taxes to be shared with the states, is recommended by the Finance Commission.
Amount earned by Union Excise Duty is shared by
Asked in WBCS Main Paper 5 2021 · Topic: The Centre-State Relations (Financial Relations: Allocation of Revenue, Taxation Powers, and Grants-in-Aid)
More Indian Polity and Governance questions
- Which of the Articles deals with the grants in aid by the Union Government to the States?
- In connection with the Goods and Services Tax (GST) Council, which of the following statement/statements is/are valid? I. The GST Council was established as a Statutory body, but it was later converted into a Constitutional federal body by an amendment of the Constitution. II. The proceedings of the GST Council cannot be invalidated in the eventuality of any defect in the appointment of a person a member of the Council. III. In the event of any dispute between more than two states over GST issues, the GST Council has to refer the matter to be adjudicated by the Public Accounts Committee of the Parliament. IV. The GST Council is required to make recommendations to the Centre and the States on the threshold limit of turnover below which goods and services may be exempted from GST. Select the correct answer using the given below :
- Which is the new tax regime proposed to be introduced in the country?
- Which statement among the following is not true about the Council?
- Why was constitutional amendment needed for introducing GST?
- Consider the following statements regarding Goods and Services Tax Council. 1. Every decision of the Goods and Services Tax Council shall be taken by a majority of not less than three-fourths of the weighted votes of the members present and voting. 2. The vote of the Central Government in the GST council meeting shall have a weightage of two-thirds of the total votes cast. Which of the above statements is/are correct?
- Which of the following statements are correct regarding Goods and Services Tax Council (GSTC) decisions in a meeting? 1. Every decision of the GSTC shall be taken at a meeting, by a majority of not less than three-fourths of the weighted votes of the members present and voting. 2. The vote of the Central Government shall have a weightage of one-third of the total votes cast in that meeting. 3. The votes of all the State Governments taken together shall have a weightage of two-thirds of the total votes cast, in that meeting.
- Which of the following statement/s is/are correct? 1. The GST Council is a joint forum of the Centre and the States. 2. Every decision of the GST Council shall be taken at its meeting by a majority of not less than 2/3rd of the weighted votes of the members present and voting. 3. The vote of the Central Government shall have a weightage of 1/3rd of the votes cast.