Empowered committee of state FMs should be dissolved: Sushil Modi

GST in its current form needs to stabilise (before real estate and electricity is covered by it), says Sushil Modi

The Empowered Committee of State Finance Ministers was constituted to harmonise discussion and decision making on indirect taxes. Among its heads has been Sushil Kumar Modi, then and now the deputy chief minister and finance minister of Bihar. Now, however, he tells Dilasha Seth & Indivjal Dhasmana the panel is no longer needed. Edited excerpts:

Why are you saying the committee has lost its relevance? 

It was constituted in July 2000. The decision was taken at a chief ministers’ conference to constitute a committee to implement Value Added Tax (VAT). The gazette notification and the terms of reference of the