Article 246A empowers both the Parliament and State Legislatures to enact laws related to which of the following?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Goods and Services Tax (GST).
Article 246A, introduced by the 101st Constitutional Amendment, gives both Parliament and State Legislatures the power to make laws exclusively on Goods and Services Tax (GST). It ensures a shared legislative framework where Parliament handles inter-State GST, while both can legislate on intra-State GST. This special provision was created to establish a uniform tax system across India.
The other options are incorrect:
- Interstate trade (A) is governed under Article 246 and the Union List.
- Banking regulation (C) lies solely with Parliament under the Union List.
- National security (D) is also a Union subject and not linked to Article 246A.