How does the Goods and Services Tax Council determine which taxes, cesses, and surcharges levied by the Union, States, and local bodies may be subsumed in the goods and services tax?
The Goods and Services Tax Council determines which taxes, cesses, and surcharges levied by the Union, States, and local bodies may be subsumed in the goods and services tax through recommendations made to the Union and the States. These recommendations are based on various factors such as the threshold limit of turnover, rates including floor rates with bands, special rates for natural calamities or disasters, and other related matters determined by the Council.