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3 Cards in this Set
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- Back
- 3rd side (hint)
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Genesis of GST |
Bill passed on:- Lok sabha bill - 29th March 2017 Raja sabha bill - 6th April 2017 President's assent - 12th April 2017 |
Bill passed |
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Benefits |
1. Boost 'make in India ' initiative 2. Mitigation of ill effects of cascading 3. Elimination of multiple taxes and double taxation 4. Buoyancy to govt. Revenue 5. Creation of unified national market |
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Constitutional provisions |
Articles :- 1. 265 - only govt can empose law 2. 245- relationship between union and state 3. 246- it gives the respective authority to union and state government to levying tax 4. 7th shudule of 246 - list 5. 246A - power to make laws with respect of GST 6.269A - levy and collection of GST on inter state supply 7. 366 - definition of GST ; service ; state 8. 279A - GST council |
Articles baby |
