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In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
[21] [22] It is one of the few midnight sessions that have been held by the parliament - the others being the declaration of India's independence on 15 August 1947, and the silver and golden jubilees of that occasion. [22] After its launch, the GST rates have been modified multiple times, the latest being on 10 May 2023 where taxpayer with over ...
It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities, and regulation and control of narcotics through its attached/subordinate offices.
An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law." [ 44 ] Therefore, each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature .
Place land reform acts and amendments to these act under Schedule 9 of the constitution. 67th: Amend article 356. [75] 4 October 1990 Article 356 amended to permit President's rule up to four years in the state of Punjab. 68th: Amend article 356. [76] 12 March 1991 Article 356 amended to permit President's rule up to five years in the state of ...
Article 246 [3] of the Indian Constitution, distributes legislative powers including taxation, between the Parliament of India and the State Legislature. Schedule VII enumerates these subject matters with the use of three lists: [3] List - I entailing the areas on which only the parliament is competent to make laws,
Article 253 of the Constitution bestows this power on Parliament, enabling it to make laws necessary for implementing international agreements and treaties. [118] These provisions indicate that the Constitution of India is dualist , that is, treaty law only takes effect when a domestic law passed using the normal processes incorporates it into ...
Part XIV is a compilation of laws pertaining to the constitution of India as a country and the union of states that it is made of. This part of the constitution consists of Articles on Services Under the Union and the States. [1]