GST was introduced by which amendment act of the Constitution?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 101.
1. The Constitution (One Hundred and First Amendment) Act, 2016, this amendment introduced a national Goods and Services Tax (GST) in India on 1 July 2017.
2. It was introduced as the One Hundred and Twenty-Second Amendment Bill of the Constitution of India.
3. The Goods and Services Tax (GST) is a Value-added Tax (VAT) proposed to be a comprehensive indirect tax levy on the manufacture, sale and consumption of goods as well as services at the national level.