Union Finance Minister
Always nominated by the Government
Always nominated by Council
Always elected by President
Answer is Wrong!
Answer is Right!
The correct answer is: The Union Finance Minister is the Chairperson of the GST Council.
The GST Council is a body constituted by the Government of India under the Goods and Services Tax Act, 2017. It is responsible for the administration of the Goods and Services Tax (GST) in India. The Council is chaired by the Union Finance Minister and has representatives from all the states and union territories of India.
The GST Council is responsible for the following:
- Setting the rates of GST
- Deciding on the list of goods and services that will be subject to GST
- Levying and collecting GST
- Redistributing the revenue collected from GST
- Resolving disputes between the states 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/>
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and the Centre on matters related to GST
The GST Council is a powerful body and its decisions are binding on all the states and union territories of India. The Council has been instrumental in the successful implementation of the GST in India.
The other options are incorrect because:
- Option A is incorrect because the Union Finance Minister is the Chairperson of the GST Council, not always nominated by the Government.
- Option B is incorrect because the GST Council is not always nominated by the Government, the Union Finance Minister is the Chairperson of the Council.
- Option C is incorrect because the GST Council is not always nominated by the Council, the Union Finance Minister is the Chairperson of the Council.
- Option D is incorrect because the GST Council is not always elected by the President, the Union Finance Minister is the Chairperson of the Council.