Introduction:
The Government of India introduced the Goods and Services Tax
(GST) in 2017, as a multi-layered taxation framework aimed at
promoting uniformity through a single, cohesive tax system. This
system replaced several indirect taxes, including Value Added Tax
(VAT) and Service Tax, streamlining the previously complex taxation
structure. The GST framework encompasses four central laws: CGST,
IGST, UTGST, and SGST Acts. Since coordinated efforts between the
Centre and States are required for proper implementation,
modifications to the GST framework are made through the GST
Council, which comprises finance ministers of all State governments
and the Central government.
The GST Council:
