With reference to the Goods and Services Tax (GST) Council, consider the following statements: 1. The Union Finance Minister serves as the Chairperson of the GST Council. 2. A meeting of the GST Council requires a quorum of two-thirds of its total members. 3. The Council is responsible for adjudicating GST disputes between taxpayers and tax authorities. How many of the statements given above are correct? |ForumIAS

Q. With reference to the Goods and Services Tax (GST) Council, consider the following statements:
1.The Union Finance Minister serves as the Chairperson of the GST Council.
2.A meeting of the GST Council requires a quorum of two-thirds of its total members.
3.The Council is responsible for adjudicating GST disputes between taxpayers and tax authorities.
How many of the statements given above are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A

Notes:

Explanation –

Statement 1 is correct. The Union Finance Minister is the Chairperson of the GST Council.

Statements 2 and 3 are incorrect. The quorum for a GST Council meeting is one-third of its total members. The GST Council primarily makes recommendations on tax rates, exemptions, and other policy matters, but it does not adjudicate disputes between taxpayers and tax authorities.

Source: The Hindu

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