WBCS.LIVE practice question

Who among the following is the Chairperson of the Goods and Services Tex Council?

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

Answer options

  1. The Prime Minister of India
  2. The Union Finance Minister
  3. The Speaker of the Lok Sabha
  4. The President of India

Correct answer and explanation

Correct answer: The Union Finance Minister

Explanation: The correct answer is B. The Union Finance Minister. As per Article 279A of the Indian Constitution, the GST Council is chaired by the Union Finance Minister. The council includes the Minister of State for Finance and the Finance Ministers of all the states as members. It makes key recommendations on tax rates, exemptions, and thresholds under GST. This body plays a crucial role in maintaining cooperative federalism in India's tax system.