One Hundred and First (101st) Constitutional Amendment Act, 2016

• The One Hundred and Twenty Second Amendment Bill of the Constitution of India, officially known as The Constitution (One Hundred and First Amendment) Act, 2016, introduced a national Goods and Services Tax in India from 1 July 2017.
• The GST is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.

Key Highlights

• It replaces all indirect taxes levied on goods and services by the Indian Central and state governments.
• It is aimed at being comprehensive for most goods and services. This act amends ....