Q. Consider the following statements:
1.The 101st Amendment Act of 2016 has made a special provision with respect to goods and services tax.
2.The parliament has exclusive power to make laws with respect to goods and services tax where the supply of goods or services or both takes place during inter-state trade or commerce.
Which of the statements given above is/are correct?
Answer: C
Notes:
Explanation: The 101st Amendment Act of 2016 has made a special provision with respect to goods and services tax.
- Accordingly, the Parliament and the state legislature have power to make laws with respect to goods and services tax imposed by the Union or by the State.
- Further, the parliament has exclusive power to make laws with respect to goods and services tax where the supply of goods or services or both takes place during inter-state trade or commerce.
Source: Laxmikanth
