 "Harishanker Subramaniam")
The GST Council at its meeting on May 18, 19 has evolved a consensus on GST rates for goods and services, leading us closer to July 1 implementation. This is indeed commendable and demonstrates the efficacy of this new federal policy body which bodes for a good future.
The underlying objective of this rate fitment has been clear for some time, which is to maintain the current effective indirect tax burden (Centre and State taxes together) within the agreed multiple rate structure to control inflation and avoid surprises. The focus has also been to see how best mass consumption
The underlying objective of this rate fitment has been clear for some time, which is to maintain the current effective indirect tax burden (Centre and State taxes together) within the agreed multiple rate structure to control inflation and avoid surprises. The focus has also been to see how best mass consumption
