: SC: GST councils recommendations not binding on Centre, state governments #IndiaNEWS #Business New Delhi: The Supreme Court on Thursday ruled that GST councils recommendations are not binding on
SC: GST councils recommendations not binding on Centre, state governments #IndiaNEWS #Business
New Delhi: The Supreme Court on Thursday ruled that GST councils recommendations are not binding on the Centre and state governments.
A bench headed by Justice D.Y Chandrachud said GST Council recommendations only have a persuasive value as India is a cooperative federalism, and the Centre and states have simultaneous powers to legislate on Goods and Service Tax (GST). The bench emphasised that the GST council must work in a harmonious manner to achieve a workable solution between Centre and state governments.
The top court said state governments and Centre can equally legislate on matters of GST, and all recommendations of the GST council are not binding on state legislature, but only have persuasive value.
The top court said according to Article 246A, both Parliament and state legislature have equal power to legislate on matters of taxation. It added that Article 279 says state and Centre cannot act independent of each other and also points towards competitive federalism. The top courts judgment in the matter will be uploaded later in the day.
Stock Market NEWS Best intraday tips Intraday Stocks below 100
0 Reactions React
More posts by @IndiaNEWS
: CARS24 asks 600 employees to leave on basis of poor performance #IndiaNEWS #Business New Delhi: Pre-owned e-commerce platform CARS24 on Thursday said that around 600 employees have been let go based
0 Reactions React
: Accused in Andhra woman volunteers murder commits suicide #IndiaNEWS #Andhra Pradesh Amaravati: A man who brutally murdered a woman village volunteer in Andhra Pradeshs Bapatla district four days
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © hashkaro.com2024 All Rights reserved.