Economics • Indian EconomyMedium
In the context of Indian public finance, what is the legal and constitutional status of the Goods and Services Tax (GST) Council?
A. A statutory body constituted under the Central Goods and Services Tax Act, 2017
B. A constitutional body established under Article 279A of the Constitution of India✓ Correct Answer
C. An executive advisory body created through a cabinet resolution by the Ministry of Finance
D. A judicial tribunal established under Article 323B for resolving indirect tax disputes
💡 Solution & Explanation
The Goods and Services Tax Council is a constitutional body established under Article 279A, which was inserted into the Constitution by the 101st Constitutional Amendment Act, 2016. Distractors incorrectly classify it as a statutory act creation or an executive resolution, ignoring its high constitutional standing. The Union Finance Minister serves as the chairperson of this council, with state finance ministers as members. Decisions in the council require a weighted majority of not less than three-fourths of the weighted votes of members present and voting.
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