Economics • Indian EconomyEasy
What is the mandate of the 'Goods and Services Tax (GST) Council' established under Article 279A of the Constitution of India?
A. To make recommendations to the Union and State Governments on tax rates, exemptions, thresholds, and administrative principles relating to GST.✓ Correct Answer
B. To audit the tax compliance records of all corporate firms registered in stock exchanges.
C. To adjudicate corporate tax evasion disputes between multinational corporations and tax authorities.
D. To collect customs duties on international trade items entering Indian territorial waters.
💡 Solution & Explanation
Article 279A provides for the establishment of the GST Council as a federal advisory body comprising Union and State representatives to recommend tax rates and exemptions. Other functions such as corporate audits or international customs collections fall under separate administrative bodies and custom statutes. Constitutional articles concerning federal financial bodies are high-yield areas for polity questions.
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