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Question

Consider the following statements regarding GST Bill and choose the correct statements:-

  1. The bill has been introduced in parliament as 120th amendment (GST) Bill.
  2. The Bill inserts a new article in the Constitution to give central and state governments the concurrent power to make laws on taxation of goods and service.
  3. The President must constitute a Goods And Service Tax Council within sixty days of this Act coming into force is also a provision in the bill
  4. Chairman of NITI Ayog will also be the chairman of the GST Council.

Code:


  1. 3 and 4 only

  2. 2 and 3 only

  3. 1, 3 and 4 only

  4. 1 and 2 only


Solution

The correct option is B

2 and 3 only


The GST has been presented as the constitution (122nd Amendment) (GST) Bill, 2014. And union finance minister to be the chairman of GST council as per the Bill. Thus statements 1 and 4 are incorrect. Remaining 2nd and 3rd statements are correct.

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