GST Council

  • IASbaba
  • January 2, 2022
  • 0
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GST Council

Part of: Prelims and GS-III -Economy 

  • Context The GST Council has decided to temporarily roll back the increase in tax rate for the textiles sector 
  • The move follows demands from several States, including Gujarat, West Bengal and Tamil Nadu.
  • A similar demand for footwear was not considered and the sector will attract GST of 12% from January

About GST Council

  • The GST Council is a constitutional body established under Article 279A of Indian Constitution
  • It makes recommendations to the Union and State Government on issues related to Goods and Service Tax (GST).
  • The GST Council is chaired by the Union Finance Minister.
  • Its other members are the Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.

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