Who create GST council
The Government of India (GoI) introduced the GST Council to modify, regulate and reconcile the goods and services tax in India. The Council replace all the existing multiple taxation process and introduce new taxation methods to ease the taxation process for the taxpayers. The Council shall also monitor all the taxation process to provide support to the respective departments and to avoid the fraudulent process. In this article, we look into the GST Council and understand one of the key councils that regulate all aspects of GST in India.
The Goods and Services Tax (GST) Council is a constitutional body that was created by the President of India on the recommendation of the Parliament of India. The GST Council was created under Article 279A of the Constitution of India, which was inserted by the Constitution (One Hundred and First Amendment) Act, 2016.
The GST Council is responsible for making recommendations to the Union and State Governments on various issues related to GST, such as rates of tax, exemptions, and thresholds. The Council is also responsible for making recommendations on the administration of GST, including rules and procedures for the collection and administration of taxes.
The GST Council is chaired by the Union Finance Minister and includes the Minister of Finance or Taxation or any other Minister nominated by each State Government. The Council meets periodically to discuss and make decisions on various GST-related issues.