GST Council should seize the initiative: Tax policy should be inclusive, transparent

Business Standard By Vijay Kelkar November 3, 2016. 08:39 IST

Let me now turn to the final, but to my mind, the most important reform in the Indian fiscal federal framework. This relates to the successful implementation of the GST... The recent passage of the GST Constitutional Amendment [and] the ratification by 17 states… have demonstrated the ability of our political parties to be bipartisan. The GST Council so created by the constitutional amendment is a landmark event in the history of India’s fiscal federalism. The Centre and states from being good fiscal neighbours will now become equal fiscal partners in sharing a common ...

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