Taxation System — Policy Reforms

Entry	Year	Description	Impact
101st Constitutional Amendment Act	2016	This landmark amendment introduced the Goods and Services Tax (GST) in India. It inserted new Articles 246A, 269A, and 279A into the Constitution. Article 246A grants concurrent power to both Parliament and State Legislatures to make laws with respect to GST. Article 269A deals with the levy and collection of GST on inter-state supply of goods and services (IGST) and its apportionment. Article 279A established the GST Council, a joint forum of the Centre and States, to make recommendations on GST-related matters.	Revolutionized India's indirect tax structure by creating a 'One Nation, One Tax' regime, subsuming multiple central and state taxes. It fostered a common national market, improved ease of doing business, and introduced a unique model of cooperative fiscal federalism through the GST Council. It significantly altered the Centre-State financial relations and the overall tax landscape.