GST Council Flashcards
what?
constitutional body which takes decisions regarding GST rates
members?
(a) Union Finance Minister (he/she is the Chairman also of the GST Council) ->sitharaman
(b) Union Minister of State in charge of Revenue/Finance -> anurag thakur
(c) Minister in charge of Finance or Taxation or any other Minister nominated by each State Government (and UT with Assembly)
The members in (c) above will choose amongst themselves to be the Vice-Chairperson of the Council (Vice-chairman does not have additional powers)
So, Central Govt. has 2 Members
All states and UTs (with assembly) have = 28 + 3 = 31 Members (including J&K)
Voting Structure?
Central Govt has 1/3 weight (33.33%) -> if Central govt’s two members voted in favour, so it will constitute 33.33%* (2/2) = 33.33% vote in favour
#States (&UTs) will have 2/3 weight (66.66%) #Decisions shall be taken by a majority of not less than 3/4 (75%)