Budget Components and Process — Amendments

Amendment	Year	Description	Impact
101st Amendment	2016	Introduced the Goods and Services Tax (GST) through constitutional amendments that significantly impacted budget processes by creating the GST Council and establishing new mechanisms for indirect tax collection and distribution between Union and states.	Transformed revenue collection mechanisms, required new budget presentation formats for GST revenues, and created collaborative federal structures for tax policy formulation that influence both Union and state budget processes.