GST Act 2017: Constitutional Framework and Implementation
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Introduction
The Goods and Services Tax (GST) is a comprehensive indirect tax introduced on 1 July 2017. It replaced various Central and State indirect taxes, establishing a unified taxation system across India. GST aims to simplify taxation, increase transparency, and create a common national market.
Constitutional Aspects of GST
- Introduced via the Constitution (One Hundred and First Amendment) Act, 2016.
- Article 246A: Empowers Parliament and State Legislatures to enact GST laws.
- Article 269A: Governs GST on inter-State trade and commerce via IGST.
- Article 279A: Mandates the establishment of the GST Council.
- Strengthens cooperative federalism by balancing authority between the Centre and States.
Objectives and Key Features
- Unified Market: Achieving