GST | CA Final IDT | CS Prof | Certificate | Constitution



GST being levied by both Centre and State at same value. It avoid cascading. India being a federal country, it was not easy to implement GST in India. The first step was to amend Constitution of India. BY One Hundred and Twenty Second Amendment Bill of the Constitution of India, GST was brought into being. New Articles were introduced. Schedule VII was amended where both Center and State had power to levy GST on supply of goods or services or both. Center shall levy CGST and State shall levy SGST, if supply is intra state supply. But where supply is inter state supply IGST shall be levied and it's fund shall be apportioned as per Section 17 of IGST Act. IGST ensures that GST reaches to consumption state. In today's India the most powerful body is GST council which can only recommend changes in GST. All recommendation are recorded in the minutes of GST council which is published in their website. In GST council Centre has 1/3 rd of weighted vote and State has 2/3rd of weighted vote.

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