The composition and powers of the GST Council, along with the implications for state taxation powers, are crucial aspects of the Goods and Services Tax in India.
Consider the following statements : 1. The GST Council is chaired by the Union Finance Minister and the Minister of State-in-charge of Finance at the centre is a member. 2. The GST Council will decide the tax rate, exempt goods and the threshold under the new taxation regime. 3. State Governments will have the option to levy VAT, if they so decide. Of these :
Asked in RO ARO pre 2016 · Topic: The Finance Commission (Core functions: Vertical and horizontal devolution of taxes)
More Indian Polity and Governance questions
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