The potential impact of the Supreme Court’s GST Council ruling
SummaryIndia will need a GST dispute resolution mechanism as disagreements could become more likely
The Supreme Court, while dealing with a case of the levy of Goods & Service Tax (GST) on ocean freight, delivered an important ruling last week covering the scope, power and limitations of the GST Council. The GST Council is a Constitutional body tasked with providing advice and recommendations on matters of GST. India’s apex court has held that the GST Council’s suggestions are mere recommendations and have only persuasive value.