Lecture 1, GST Council 5 Marks paper 11(Indirect Taxation)

Hello Learners !!
So in this video I have nicely explained about The most important topics of Indirect taxation Paper 11(i.e. GST Council)

So here is the overview about GST Council

GST COUNCIL

As per Article 279A (1) of the amended Constitution, the GST Council has to be constituted by the President within 60 days of the commencement of Article 279A. The notification for bringing into force Article 279A with effect from 12th September, 2016 was issued on 10th September, 2016.

As per Article 279A of the amended Constitution, the GST Council which will be a joint forum of the Centre and the States, shall consist of the following members: -

Union Finance Minister - Chairperson

 

b) The Union Minister of State, in-charge of Revenue of finance - Member

 

c) The Minister In-charge of finance or taxation or any other Minister nominated by each State Government - Members

As per Article 279A (4), the Council will make recommendations to the Union and the States on important issues related to GST, like the goods and services that may be subjected or exempted from GST, model GST Laws, principles that govern Place of Supply, threshold limits, GST rates including the floor rates with bands, special rates for raising additional resources during natural calamities/disasters, special provisions for certain States, etc.

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Thanks & Regards
Rajendra

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