knowledge questions magazine in English
knowledge questions magazine in English article was published in recommendations of the gst council are only persuasive (not binding). article 279a doesnt specifically mention that all gst council decisions are binding on the parties. article 246a empowers parliament as well as state legislatures to make laws relating to gst i.e. gst council decisions are not enforceable and the centre or state can reject the gst council decisions and set different rates for goods and services in their jurisdiction. significance of gst council uniformity of tax rates and structure the gst council has played a key role in replacing multiple tax rates and processes with uniform tax rates and processes. e.g. o based on the gst council recommendations we have a four slab tax structure (5% 12% 18% and 28%) across india with some in exempt goods category while some goods attracting a cess above the 28% rate. the cess is collected in the gst compensation fund from which the union government makes bimonthly compensatory payment to states knowledge quest magazine subscription.
