Next steps for GST Council

It should address issues with a longer-term view

The Goods and Services Tax (GST) Council is meeting physically for the first time in 20 months on Friday. While the council is likely to discuss a variety of issues, the fact that it is meeting physically indicates that things are getting back to normal after a severe disruption caused by the pandemic. Revenue collection in the current year is also likely to be better than the initial estimates as the second wave of the pandemic had a limited impact on economic activity. Although the risk of another surge in infection remains, the impact on economic activity and tax collection