The finance ministry of India has appointed a special panel working for only GST related amenities. This Goods and Services Tax council is set up under Article 279A of the constitution. It is a joint forum of the Central body and the State body. The GST council consists of 3 members:
· Union Finance Minister as the Chairperson
· The State Union Minister, member
The Minister who is in-charge of finance or taxation or it could be any minister nominated by each State Government body as members.
GST, a unified tax regime for indirect taxes. This is perhaps the biggest tax reform in the regime of indirect taxes as it succeeds a number of indirect taxes that are applicable under the current regime.
The taxation framework in India is about to experience a radical shift once the GST (Goods and Services Tax) system takes over.
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