Question

Arrange the following in chronological order:

1. GST Council constituted

2. Constitution [101st Amendment) Act enacted

3. GST launched

Choose the correct chronological sequence:

• A. 1-2-3
• B. 2-1-3
• C. 3-2-1
• D. 2-3-1

Answer 1

Answer:

B. 2-1-3

Chronological Timeline of GST Implementation

• Constitution (101st Amendment) Act, 2016: This amendment act received the President's assent on September 8, 2016, providing the constitutional framework for the Goods and Services Tax (GST) in India.
• GST Council Constitution: Following the constitutional amendment, the GST Council was notified and constituted by the President of India on September 12, 2016, under Article 279A.
• GST Launch: The nationwide Goods and Services Tax regime was officially launched on July 1, 2017, marking the implementation of a comprehensive indirect tax system.

Key Constitutional and Functional Facts

• Article 279A: This article mandates the President to constitute the GST Council within 60 days of the commencement of the 101st Amendment Act.
• Council Composition: The Union Finance Minister serves as the Chairperson, while the Union Minister of State in charge of Revenue or Finance and the Minister in charge of Finance or Taxation or any other Minister nominated by each State Government are members.
• Voting Power: The Central Government has one-third of the total voting power, while all State Governments combined have two-thirds of the voting power.
• Decision Making: Any decision of the Council requires a majority of not less than three-fourths of the weighted votes of the members present and voting.