Subject: Polity
Book: Indian Polity by M. Laxmikanth
A constitutional body formed under Article 279A following the 101st Amendment, unifying India’s indirect tax system under GST. Composed of the Union Finance Minister (Chair) and state Finance Ministers, the Council decides tax slabs, exemptions, and policy changes collaboratively. Decisions require a three-fourths majority vote, with the center having one-third weightage and states two-thirds. GST replaced multiple taxes (VAT, excise, service tax), simplifying trade, but challenges include revenue shortfalls in some states. The Council fosters cooperative federalism, as both center and states must align on reforms. Understanding its functioning is key to grasping India’s largest tax overhaul that impacts governance and fiscal health nationwide.
What is the term of office for the President of India?
View Questionसंविधान संशोधन के प्रस्ताव किसके द्वारा प्रस्तुत किए जाते हैं?
View QuestionWho is the first citizen of India?
View Questionराष्ट्रपति की नियुक्ति में किस संस्था का योगदान महत्वपूर्ण होता है?
View QuestionWhich of the following is NOT a feature of the Indian Constitution?
View Questionआपातकाल में संसद के सदनों में कितने प्रतिशत मतों की आवश्यकता होती है?
View QuestionWhich of the following is a provision of the Indian Constitution regarding the Emergency?
View QuestionWho was the first woman President of the Indian National Congress?
View QuestionWho appoints the Chief Election Commissioner of India?
View QuestionWhat is the procedure for impeachment of the President of India?
View Question