The GST Council template for cooperative federalism
That a fundamental reordering of federal fiscal relations has been achieved with a minimum of bickering, despite hurdles like demonetisation, is a tribute to the GST Council
Last Thursday, the goods and services tax (GST) Council signed off on the final two pieces of supporting legislation, setting the stage for their introduction in Parliament and state legislatures. With this, the country is now just a few steps away from rolling out this landmark piece of tax reform.
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