Sign Up

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

Sorry, you do not have a permission to ask a question, You must login to ask question.

Forgot Password?

Need An Account, Sign Up Here
Sign InSign Up

Edufavor

Edufavor
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • Learn
  • Categories
  • Stories
  • Search
  • FAQs
Home / Questions /Q 1945
Next
Answered
Aparna
Aparna

Aparna

  • Lucknow, India
  • 601 Questions
  • 0 Answers
  • 0 Best Answers
  • 678 Points
View Profile
Aparna
Asked: September 30, 20212021-09-30T10:15:57+05:30 2021-09-30T10:15:57+05:30In: Polity

What is One Hundred and First Amendment Act, 2016?

What is One Hundred and First Amendment Act, 2016?

constitution amendment
  • 1
  • 1
  • 251
Answer
Share
  • Facebook

    1 Answer

    • Recent
      • 0 Questions
      • 518 Answers
      • 176 Best Answers
      • 0 Points
      View Profile
      Best Answer
      [Deleted User]
      2021-09-30T10:18:30+05:30Added an answer on September 30, 2021 at 10:18 am

      Hundred and First Amendment Act, 2016

      • Paved the way for the introduction of the goods and services tax (GST) regime in the country. The GST shall replace a number of indirect taxes being levied by the Union and the State Government. The proposed Central and State GST will be levied on all transactions involving supply of goods and services, except those which are kept out of the purview of the GST. Accordingly, the amendment made the following provisions:
      • Conferred concurrent taxing powers upon the Parliament and the State Legislatures to makes laws for levying GST on every transaction of supply of goods or services or both.
      • Dispensed the concept of “declared goods of special importance” under the constitution.
      • Provided for the levy of Integrated GST on inter-state transactions of goods and services.
      • Provided for the establishment of a Goods and Services Tax Council by a presidential order.
      • Made the provision of compensation to the states for loss of revenue arising on account of introduction of GST for a period of five years.
      • Substituted and omitted certain entries in the Union and State Lists of the Seventh Schedule.
      • 1
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on WhatsApp

    Leave an answer
    Cancel reply

    You must login or register to add a new answer.

    Related Questions

    • What is One Hundred and Fourth Amendment Act, 2020?
    • What is One Hundred and Third Amendment Act, 2019?

    Sidebar

    Ask A Question

    Explore

    • Home
    • Learn
    • Categories
    • Stories
    • Search
    • FAQs

    Footer

    EDUFAVOR

    A destined place on Internet where one can find a company of good peoples, where everyone grows together, love each other and enjoy flavored learning.

    Important Links

    Privacy Policy

    FOLLOW US

    © 2021 Edufavor. All Rights Reserved.

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.