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Government Budget and Economy — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsGovernment Budget and Economy3 Marks
Question
How is the GST going to be administered?
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Answer

It is the Goods and Services Tax Council, (a 21 member select committee) headed by the Union Finance Minister and represented by the State Finance Ministers, who decide on the rates as per the proposed GST law.

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