GST bill has undergone how many amendments by the Union Cabinet in July 2016 to pave the way for its smooth passage in the RS

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	2
B	3
C	4
D	5

Explanation:

Detailed explanation-1: -In order to implement GST, Constitutional (122nd Amendment) Bill (CAB for short) was introduced in the Parliament and passed by Rajya Sabha on 03rd August, 2016 and Lok Sabha on 08th August, 2016.

Detailed explanation-2: -Constitution (One Hundred and First Amendment) Act, 2016-India’s Tax System. Article 279A empowered the President of India to create GST Council with members from the Centre and the States. It is an apex forum authorized to create, modify, or remove any law based on GST in 101 Constitutional Amendment Act.

Detailed explanation-3: -Constitution (101st Amendment) Act, 2016 The delineation of powers to levy and make laws with respect to GST.

Detailed explanation-4: -The GST was launched at midnight on 1 July 2017 by the President of India, and the Government of India. The launch was marked by a historic midnight (30 June – 1 July) session of both the houses of parliament convened at the Central Hall of the Parliament.

Detailed explanation-5: -The Constitution (One Hundred and Fifth Amendment) Act, 2021 is the latest amendment in Indian Constitution 2021. The Bill seeks to restore the power of State governments to identify OBCs that are socially and educationally backward.

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