Arun Goyal (for Info only, not official)

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Arun Goyal

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    ...The state assemblies of 21 states, Delhi and Puducherry have already passed state GST laws and the remaining states are in the process of doing so. All this has paved way for the 1 July rollout of the biggest tax reform undertaken anywhere in the world. The GST Council, in its 15 meetings, has done commendable work in developing consensus over a number of issues which looked intractable at one time. The council was able to recommend draft legislations pertaining to Central GST, State GST, Union territory (UT) GST, Integrated GST and compensation to the states for loss of revenue, and a number of GST-related rules in a few meetings. The difficult issue of cross empowerment and administrative division of taxpayers between the states and the centre was resolved in a true spirit of give and take. ...

    Live Mint on June 6, 2017, 12:27 a.m.