Which Constitutional Amendment Act introduced the Goods and Services Tax (GST) in India?
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A.
100th Amendment
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B.
101st Amendment
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C.
102nd Amendment
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D.
103rd Amendment
Correct Answer:
B. 101st Amendment
Explanation:
The 101st Constitutional Amendment Act, 2016, is the landmark legislation that facilitated the implementation of the Goods and Services Tax (GST) in India. While it was originally introduced in Parliament as the 122nd Amendment Bill in 2014, it was officially enacted as the 101st Amendment after receiving presidential assent in September 2016. This amendment significantly altered the fiscal powers of the Centre and the States by inserting Article 246A, which grants both levels of government the concurrent power to levy and collect GST on the supply of goods and services. Consequently, it replaced a complex web of indirect taxes, such as excise duty, service tax, and VAT, with a unified national tax regime that came into effect on July 1, 2017.
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