26-Jun-2025
GST COUNCIL
Why in News?
The GST Council is set to discuss reducing the 12% tax slab and finalising tax guidelines for service intermediaries in its upcoming meeting, potentially offering significant relief to the sector.
GST Council
- A constitutional body formed under the 101st Constitutional Amendment Act through Article 279A.
- Established in 2016 by the President of India.
- Headquarter: New Delhi.
- Ensures uniform GST structure across the country.
Vision and Mission
- Vision: Promote cooperative federalism and unified GST decision-making.
- Mission: Build a tech-driven, consultative, and user-friendly GST system.
Composition of the GST Council
|
Position |
Details |
|
Chairperson |
Union Finance Minister |
|
Vice Chairperson |
Elected by GST Council members from among themselves for a decided period |
|
Members |
Union Minister of State for Finance or Revenue |
|
Permanent Invitee |
Chairperson of the Central Board of Indirect Taxes and Customs (CBIC); holds no voting rights |
|
Ex-officio Secretary |
Union Revenue Secretary, Ministry of Finance |
Preparing Through MCQUnder which Constitutional Amendment Act was the GST Council established? (1) 100th Amendment Act Answer: (2) 101st Amendment Act |