What is the significance of omitting Entry 92 from the Constitution (One Hundred and First Amendment) Act, 2016?
The significance of omitting Entry 92 from the Constitution (One Hundred and First Amendment) Act, 2016 is that it was done to make certain changes in the allocation of powers between the central government and the state governments. The amendment aimed at restructuring the taxation system and introduced Goods and Services Tax (GST), which required a realignment of taxation jurisdictions between the central government and the state governments.