Question

What are the functions of the GST council?

Answer 1

The functions of GST Council:

• The tax cases and surcharges levied by the union, the state, and local bodies may be subsumed in the GST.
• The goods and services that may be subjected to, or exempted from the GST.
• The threshold limit of turnover below which goods and services may be exempted from the GST.
• The rates including floor rates with bands of the GST.
• Any special rates for a specified period, to raise additional resources during any natural calamity or disaster.
• Any other matters relating to the GST, as the council may decide.