Economics • Indian EconomyMedium
Analyze the legal and constitutional framework of the Goods and Services Tax Council established under Article 279A of the Indian Constitution. Who serves as the chairperson of this federal body?
A. The Prime Minister of India
B. The Union Minister of Finance✓ Correct Answer
C. The Governor of the Reserve Bank of India
D. The Cabinet Secretary of the Union Government
💡 Solution & Explanation
The Goods and Services Tax Council is chaired by the Union Minister of Finance, with the Union Minister of State in charge of revenue as a member and finance ministers from all state governments completing the council. Established by the One Hundred and First Constitutional Amendment Act, decisions within the council require a weighted majority vote of at least three-fourths of the members present and voting. This body recommends tax rates, exemptions, and threshold limits across the country.
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