What are the Guiding Principles of Constitution the GST Council?

Answer

While discharging the functions the Goods and Service Tax Council shall be guided by the need for harmonized Structure of Goods and Service tax and for development of the harmonised national market for goods and Services.

The Functions of the council is to make a recommendation to the center and states on the important issue under the tax rates, exemptions, threshold limits, dispute resolutions, etc. it shall recommend the date on which GST is levied on petroleum, crude high-speed diesel, motor spirit, natural gas, and aviation turbine fuel.

Every decision of the GST council is taken on the majority of not less than three fourth of the weighted votes of the members present and voting vote of the central government has weighted of one-third of the total votes cast and vote of all state governments taken together has a weightage of the two-third of the total votes cast in that meeting.

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