Question

Explain the recommendation to the union and state under the goods and service tax council.

Answer 1

1. The taxes, cesses, and surcharges levied by the union, the states, and local bodies may be subsumed in the goods and service tax.
2. The goods and service tax that may be subjected to or exempted from the goods and service tax.
3. Model goods and service tax laws, principles of levy, apportionment of goods and services tax levied on supplies in the course of inter-state trade or commerce under article 269A, and the principles that govern the place of supply.
4. The rates including floor rates with bands of goods and service tax.
5. Any special rate or rates for a specified period to raise additional resources during any natural calamity or disaster.
6. Any other matter relating to the goods and services tax as the council may decide.
7. Special provision with the respect to states of Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, and Uttarkhand.