Q: Consider the following statements regarding GST:
GST Brings more transparency to direct tax laws
GST 122nd Constitution Amendment Bill introduced in Parliament.
GST is destination based tax.
Which of the above statement(s) is/are correct?
1️⃣ GST Brings more transparency to direct tax laws
This statement is false ❌️
GST stands for transparency. But if this statement is read correctly it is said that it is for direct tax laws. But GST is not a direct tax. It is an indirect tax. So this first statement is false.
2️⃣ G.S.T. 122nd Constitution Amendment Bill introduced in Parliament.
This statement is correct ✅️
Already we know the method of amending the constitution, we know what Article 368 says. Also, we know that a law/constitution needs to be amended which means that after introducing the related constitutional amendment bill and after all the process in it, the bill becomes a law with the approval of the President.
But here we are talking about the 122nd Constitution Amendment Bill. And we get a doubt as to what is the 101st Constitutional Amendment Act. But please remember. The statement given here did not talk about the law except the bill.
That is, BGST was introduced as the 122nd Constitutional Amendment Bill, after it was approved and approved by the President, it became the 101st Constitutional Amendment Act.
So what do we know here? Here we have to remember the number of the introduced bill apart from the number of this law. After being introduced as the 122nd Constitution Amendment Bill, it was passed and became the 101st Constitution Amendment Act. We have to study very thoroughly.
So while reading the question you should see whether you are asking about the bill or the law.
If it is a bill, it will be the 122nd Constitutional Amendment Bill
101st constitutional amendment becomes law if it becomes law
3️⃣ G.S.T. is Destination Based Tax.
- This statement is correct ✅️
If you see how this statement is correct.. G.S.T. We all already know that it is destination based tax.
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