G.S.T. was implemented through which constitutional amendment act of constitution of India?
Show answer & explanation
Correct answer: B
Explanation
101st Amendment Act, 2016 -
- The Goods and Services Tax (GST) was incorporated into the Indian Constitution through the 101st Constitutional Amendment Act, 2016. It was implemented across India from July 1, 2017, realizing the dream of 'One Nation, One Tax.'
Key Points About the GST Amendment:
- Bill Number: It was introduced in Parliament as the 122nd Constitutional Amendment Bill, but after its passage, it became the 101st Act.
- Constitutional Provisions: This amendment added new articles to the Constitution, such as Articles 246A, 269A, and 279A (for the GST Council).
- Objective: It replaced several indirect taxes, such as excise duty, VAT, and service tax, with a single tax system.