TMI BlogGoods and Services Tax Council.X X X X Extracts X X X X X X X X Extracts X X X X ..... 2) The Goods and Services Tax Council shall consist of the following members, namely:- (a) the Union Finance Minister........................ Chairperson; (b) the Union Minister of State in charge of Revenue or Finance................. Member; (c) the Minister in charge of Finance or Taxation or any other Minister nominated by each State Government.................... Members. (3) The Members of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hold limit of turnover below which goods and services may be exempted from goods and services tax; (e) the rates including floor rates with bands of goods and services tax; (f) any special rate or rates for a specified period, to raise additional resources during any natural calamity or disaster; (g) special provision with respect to the States of Arunachal Pradesh, Assam, Jammu and Kashmir, Manip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Goods and Services Tax Council shall determine the procedure in the performance of its functions. (9) Every decision of the Goods and Services Tax Council shall be taken at a meeting, by a majority of not less than three-fourths of the weighted votes of the members present and voting, in accordance with the following principles, namely:- (a) the vote of the Central Government shall have a weightag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) between two or more States, arising out of the recommendations of the Council or implementation thereof. ************ Notes: 1. Inserted vide The Constitution (One Hundred and First Amendment) Act, 2016 w.e.f. 12.9.2016 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X
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