<h1>India's 101st Constitutional Amendment Introduces GST, Establishes GST Council, and Outlines State Compensation for Revenue Losses.</h1> The Constitution (One Hundred and First Amendment) Act, 2016, introduces the Goods and Services Tax (GST) in India, amending several constitutional articles to facilitate its implementation. It grants both the Parliament and State Legislatures the power to legislate on GST, with the central government having exclusive rights over inter-State trade. The amendment establishes the Goods and Services Tax Council to oversee GST matters, including tax rates, exemptions, and revenue distribution between the Union and States. It also provides for compensation to States for revenue losses due to GST implementation for five years and outlines transitional provisions for existing tax laws.