Taxation · GST Institutional Framework
Consider the following statements regarding the institutional framework of GST in India: Statement 1: The Goods and Services Tax Network (GSTN) was originally incorporated as a non-government private limited company, but the Government of India later approved its conversion into a 100% government-owned company. Statement 2: Under Article 279A of the Constitution of India, the GST Council is a joint forum of the Centre and the States. Statement 3: In the GST Council, the vote of the Central Government has a weightage of one-third of the total votes cast, and the votes of all State Governments combined have a weightage of two-thirds of the total votes cast. Statement 4: Every decision of the GST Council is taken by a majority of not less than three-fourths (75%) of the weighted votes of the members present and voting. Which of the statements given above are correct?
- 11, 3 and 4 only
- 22, 3 and 4 only
- 31, 2, 3 and 4✓
- 41 and 2 only
Correct answer
1, 2, 3 and 4
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Taxation?
Practice full-length Taxation mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on GST Institutional Framework?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Taxation · GST Institutional Framework