Question

The official name of GST Bill is
1. The Constitution (121^st Amendment) Bill 2014.
2. The Constitution (121^st Amendment) Bill 2015.
3. The Constitution (122^nd Amendment) Bill 2014.
4. The Constitution (122^nd Amendment) Bill 2015.

Answer 1

Correct Answer - Option 3 : The Constitution (122^nd Amendment) Bill 2014.

The correct answer is The Constitution (122^nd Amendment) Bill 2014.

• The official name of the GST bill is the constitution (122^nd amendment) bill 2014.
  • It was introduced in the Lok Sabha by former finance minister Arun Jaitley.
  • The GST bill was passed by Rajya Sabha on 3^rd August 2016.
  • The GST bill was passed by the Lok Sabha on 8^th August 2016.
  • It was signed by the Indian president on 8^th September 2016.
  • GST was passed as the 101^st Amendment Act 2016.
  • GST came into force on 1^st July 2017.
  • Assam was the first state to approve the GST bill.
  • The different tax slabs under the GST are  0%, 5%, 12%, 18%, and 28%.
• The constitution (121st amendment) bill 2014 deals with the ​appointment of the Supreme court and high court judges, and the transfer of high court judges.