WBCS.LIVE practice question

Which amendment introduced the Goods and Services Tax (GST) regime in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 97th Amendment Act
  2. 103rd Amendment Act
  3. 100th Amendment Act
  4. 101st Amendment Act

Correct answer and explanation

Correct answer: 101st Amendment Act

Explanation: āœ… Correct Answer: D) 101st Amendment Act šŸ“š Explanation: The 101st Amendment Act of 2016 introduced the Goods and Services Tax (GST) regime across the entire country. It provided concurrent taxing powers to the Parliament and State Legislatures for levying GST. This was one of the biggest tax reforms in India's history. This amendment also provided for the establishment of a Goods and Services Tax Council via a presidential order. It included specific provisions to compensate states for potential revenue losses for five years. This ensured a smoother transition to the new tax structure.