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GST Council Meeting Scheduled for June 22 in New Delhi

Context: The 53rd meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman, is set to meet on June 22, 2024.

GST Council

Formation: The Goods and Services Tax regime came into force after the Constitutional (122nd Amendment) Bill was passed by both Houses of Parliament in 2016. More than 15 Indian States then ratified it in their State Assemblies, after which the President gave his assent.

GST Council Meeting Scheduled for June 22 in New Delhi_4.1

  • Constitutional Provision: The GST Council – a joint forum of the Centre and the States — was set up by the President as per Article 279A (1) of the amended Constitution.
  • Members: The members of the Council include the Union Finance Minister (chairperson), the Union Minister of State (Finance) from the Centre.
    • Each State can nominate a minister in charge of finance or taxation or any other minister as a member.
  • Functions: The following are the key functions of the GST Council:
    • As per Article 279A (4), the Council will make recommendations to the Union and the States on important issues related to GST, like the goods and services that may be subjected or exempted from GST, and model GST Laws.
    • Principles that govern Place of Supply, threshold limits, GST rates including the floor rates with bands,
    • Special rates for raising additional resources during natural calamities/disasters, special provisions for certain States, etc.
  • Power to Legislate: According to the Supreme Court, Article 246A of the Indian Constitution gives both Parliament and State Legislatures “simultaneous” power to legislate on GST.
    • It also said that recommendations of the Council “are the product of a collaborative dialogue involving the Union and States”.

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