Question

Which of the following statements with respect to Goods and Service Tax (GST) :

1. GST rates are decided by central and state government representatives in the GST Council.
2. In GST Council, two third weightage is to central government while one third to the states.

• A. Both 1 and 2
• B. 2 only
• C. 1 only
• D. None of the above

Answer 1

The correct option is C 1 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Goods & Services Tax Council (GST Council) is a constitutional body for making recommendations to the
Union and State Government on issues related to Goods and Service Tax.Article 279-A in the constitution of India empowers the President to constitute such a Council by an order.

GST council represented by both central and state governments decides on GST rates.The weightage assigned is one third to central government and two third to the states.