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Goods and Services Tax

GST Compensation

8th September – GST Compensation

GST Compensation The 41st meeting of the GST Council was held recently with the singular agenda of finding a solution to the question of how best to ensure that the compensation payable to the States as part of the implementation of the Goods and Services Tax continues to be paid. Background – The background for …

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GST

2nd September – Reforming the GST

GST reform needs a new grand bargain Three years ago, the Centre and the States of the Union of India struck a grand bargain resulting in the launch of the unified Goods and Services Tax (GST) era. The nationwide GST promised frictionless commerce across State borders, buoyant and leakproof tax compliance, and removal of inefficiencies …

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