Central GST Law Presidential Assent Date
The question asks for the date when the President of India gave assent to the Central Goods and Services Tax (CGST) Law.
Key Information
- The Central GST Law is a crucial component of India's Goods and Services Tax regime.
- Presidential assent is the final step required for a bill passed by Parliament to become law.
Determining the Assent Date
To answer this question, one needs to know the specific historical date of the Presidential assent for the Central GST Act.
- Identify the Event: The event is the President of India granting assent to the Central GST Law.
- Recall the Date: The President of India, while the CGST Act was passed by Parliament, gave the final assent on 12th April 2017. This date is officially recorded as the date the Central GST Act came into effect after Presidential approval.
Therefore, the correct date is 12th April 2017.
Important Questions from Goods and Services Tax (GST)
In the 25th GST Council Meeting, held before the Budget 2018, rates for how many goods have been reduced?
Out of the following. which are not the features of GST 2017 in India.
(A) GST is applicable on 'supply' of Goods and Services.
(B) GST is based on the principle of origin based taxation rather than principle of destination based consumption.
(C) Import of Goods is treated as Inter-State supplies and would be subject to IGST in addition to applicable Custom Duties.
(D) It is a dual taxation with Centre and State simultaneously levying it on a common base.
(E) GST is applicable to all Goods and Services without any exemptions.
Choose the correct answer from the options given below:
- Since December 2022, the functions of the National Anti-Profiteering Authority established in association with GST reforms have been transferred to which body in India?
- Uninterrupted and seamless chain of Input Tax Credit (ITC) is a mechanism to avoid cascading of taxes in which of the following taxes?
Under which Amendment Act of Indian Constitution GST is introduced?
