GST- council power and functions
GST- council power and functions GST council is the main decision making body that has been formed to finalize the design of GST. This governing body of GST comprises of Union Finance Minister who is the chairman of the council, the Minister of state (Revenue) and the state Finance/Taxation Ministers. The duty of the council is to make recommendations to the union and the states. It has been provide in the constitution Act, 2016 that the GST council, in its discharge of various functions, shall be guided by the need for a harmonized structure of GST and for the development of a harmonized national market for goods and services. The function of GST council includes making recommendation on: Taxes, cesses, and surcharges levied by the Centre, States and local bodies which may be subsumed in the GST. Goods and services which may be subjected to or exempted from GST. Model GST laws, principles of levy, apportionment of IGST and principles that govern the place of supply. Threshold lim