Following the Constitution (One Hundred and First Amendment) Act, 2016

Following the Constitution (One Hundred and First Amendment) Act, 2016, the Parliament enacted quite a few GST Acts in the year 2017. Which one of the following does not fall in this category ?

[amp_mcq option1=”The Central Goods and Services Tax Act” option2=”The Integrated Goods and Services Tax Act” option3=”The Goods and Services Tax (Compensation to States) Acts” option4=”The State Goods and Services Tax Act” correct=”option4″]

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UPSC CDS-2 – 2021

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Following the Constitution (One Hundred and First Amendment) Act, 2016, which introduced the Goods and Services Tax (GST), the Parliament enacted several Central GST laws in 2017. These include The Central Goods and Services Tax Act (CGST Act), The Integrated Goods and Services Tax Act (IGST Act), and The Goods and Services Tax (Compensation to States) Act. However, The State Goods and Services Tax Act (SGST Act) is enacted by the legislature of *each state* separately, not by the Parliament.

– GST in India is a dual GST model, meaning both the Centre and States levy tax on the same taxable event (supply of goods and services).
– CGST and IGST are central laws passed by Parliament.
– SGST is a state law passed by each state legislature.
– UTGST is a law passed by Parliament for Union Territories without a legislature.

– The GST (Compensation to States) Act was enacted to provide compensation to states for the loss of revenue arising on account of implementation of the GST for a period of five years, as per the recommendation of the GST Council.
– The GST Council is the governing body for GST, comprising the Union Finance Minister and state finance ministers.

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