Tax harmonisation vs fiscal autonomy: A renewed debate in Indian GST

Times Now News

The Supreme Court of India has recently pronounced that recommendations of the Goods and Services Tax ( GST ) Council are not binding on the Union or State governments. One way this pronouncement has clarified is that both the Union and State governments enjoy fiscal autonomy, as their freedom to set  tax rate under GST  depending on revenue needs will continue. On the other hand, the pr…

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