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9 October 2026 /
GST Law Reforms and Decriminalisation
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Quiz · GST Law Reforms and Decriminalisation
Two Prelims-style questions on this topic from 9 October 2026. Choose an option to check yourself, then open the full note or today’s full quiz.
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Consider the following statements regarding the Goods and Services Tax (GST) Council: 1. It is a statutory body established under the provisions of the Reserve Bank of India Act. 2. Its recommendations require a three-fourths weighted majority of members present and voting. Which of the statements given above is/are correct?
A
1 only
B
Neither 1 nor 2
C
Both 1 and 2
D
2 only
Solution
In the context of indirect taxation and compliance, what does the term 'Compounding of Offences' signify?
A
A legal process where an offender avoids criminal prosecution by paying a specified fine.
B
The automatic carrying forward of unutilised Input Tax Credit across successive financial years.
C
The mandatory doubling of GST rates for repeated failure to file monthly returns.
D
The consolidation of central and state indirect taxes into a single unified rate structure.
Solution