Indian Polity & Governance·Amendments

Government Budget — Amendments

Updated 5 Mar 2026
AmendmentYearDescriptionImpact
101st Amendment2016Introduced GST through constitutional amendment, fundamentally altering the indirect tax structure and consequently the budget's revenue composition. Created the GST Council as a constitutional body for tax policy coordination.Transformed Union Budget revenue structure, reduced Centre's unilateral control over indirect taxes, and created new mechanisms for fiscal federalism through GST compensation and revenue sharing.