| 1. Both the State and Centre will have power to make laws on taxation of goods and services. |
| 2. Parliament's law will not override a state law on GST. |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: A
Solution :
Both Parliament, state Houses will have the power to make laws on the taxation of goods and services. Parliament's law will not override a state law on GST. Exclusive power to Centre to levy, collect GST in the course of interstate trade or commerce, or imports. This will be known as Integrated GST (IGST). Central law will prescribe manner of sharing of IGST between Centre and states, based on GST Council's views. Alcoholic liquor for human consumption and Petroleum crude, high speed diesel, motor spirit (petrol), natural gas and aviation turbine fuel - excluded from GST purview until GST Council decides.
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