Q. Consider the following statements about GST Council:

1. The Council is headed by Union Finance Minister 
2. The decisions of the GST Council are made by three-fourth majority of the votes cast
3. It finalises tax rates for goods and services in the country

Which of the above statements is/are correct?
Answer: 1, 2 & 3
Notes: The Goods & Services Tax Council {GST Council} has been created in September 2016 under Article 279-A of the Constitution of India. The main objective of GST is to develop a harmonized national market of goods and services. It has its Secretariat office in New Delhi. The decisions of the GST Council are made by three-fourth majority of the votes cast. The centre has one-third of the votes cast, and the states together have two-third of the votes cast. Each state has one vote, irrespective of its size or population.