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Question
What are the functions of the GST council?
Solution
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.
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