1. Now the Centre and the States, both have powers to make laws with respect to levy of taxes on both goods and services. However, the Parliament will have exclusive powers to make laws with respect to goods and services tax where the supply of goods, or services, or both takes place in the course of inter-State trade or commerce.
2. CGST collected from intra-State trade or commerce shall be assigned to States in accordance with law formulated by the Parliament.
3. IGST collected from inter-State trade or commerce shall be apportioned between the Union and the States on the recommendations of the GST Council.
4. GST apportioned by Central Government to States will not form part of Consolidated Funds of India.
5. The President of India will constitute GST council.
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