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Friday, December 20, 2024 | 06:03 PM ISTEN Hindi

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Time to rationalise

GST structure needs improvement

Goods and services tax, gst
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Business Standard Editorial Comment
It has been reported that the Goods and Services Tax (GST) Council will discuss in its next meeting a possible mechanism for dispute redress that is being developed by the Union Ministry of Finance. So far, the GST Council has usually run on consensus, although it has been structured so that voting is permissible and possible. Obtaining a consensus on every decision may not be possible and there could be disputes between the Centre and the states, or among the states themselves. Thus, having a dispute resolution mechanism as envisaged in the law would help. GST is still a work

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