Quick Summary
GST Council decides GST rates, exemptions, and procedural matters.
GST Council is chaired by Union Finance Minister and includes state Finance Ministers. Decisions require 3/4th majority. Centre has 1/3rd voting power, states have 2/3rd. Meets regularly to review rates.
Key Points
- Constitutional body
- Union FM as Chair
- States FM as members
- Decides rates and rules
- 3/4th majority required