{"id":34558,"date":"2024-04-15T09:32:35","date_gmt":"2024-04-15T09:32:35","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34558"},"modified":"2024-04-15T09:32:35","modified_gmt":"2024-04-15T09:32:35","slug":"as-per-the-101st-constitution-amendment-act-the-power-to-levy-gst-rests-on","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-101st-constitution-amendment-act-the-power-to-levy-gst-rests-on\/","title":{"rendered":"As per the 101st Constitution Amendment Act, the power to levy GST rests on . . . . . . . ."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a99175d9dd3d\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    State Govt.                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Union Govt.                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    State &amp; Union Govt.                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Union Territory, State &amp; Union Govt.                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>C. State &amp; Union Govt.<\/strong><\/p>\n<p>The 101st Constitution Amendment Act, 2016, which introduced the Goods and Services Tax (GST) in India, provides that the power to levy GST rests with both the Central and State Governments. The GST Council, a body comprising of the Finance Ministers of the Centre and <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n   <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>          <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 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\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> the States, is responsible for deciding the rates, exemptions, and other aspects of the GST.<\/p>\n<p>The GST is a destination-based tax, which means that the tax is levied on the value added at each stage of the supply chain, and the final tax liability is determined at the point of consumption. The GST is levied on a wide range of goods and services, including manufactured goods, services, and imported goods.<\/p>\n<p>The GST has been implemented in India in a phased manner, with the first phase being implemented on July 1, 2017. The GST has been a major reform in the Indian tax system, and it has been credited with simplifying the tax structure, improving compliance, and boosting economic growth.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: State Govt. &#8211; This option is incorrect because the power to levy GST rests with both the Central and State Governments.<\/li>\n<li>Option B: Union Govt. &#8211; This option is incorrect because the power to levy GST rests with both the Central and State Governments.<\/li>\n<li>Option C: State &amp; Union Govt. &#8211; This option is correct because the power to levy GST rests with both the Central and State Governments.<\/li>\n<li>Option D: Union Territory, State &amp; Union Govt. &#8211; This option is incorrect because the power to levy GST does not rest with the Union Territories.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on 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