GST has begun to deliver, State finances healthier: FinMin

‘Buoyant tax revenue receipts expected to absorb the higher subsidy burden’ India’s five-year old Goods and Services Tax (GST) regime has started delivering ‘dividends’, and States’ finances are in better shape this year, but a higher subsidy burden on fertilizers and free food grains under the extended PM Garib Kalyan Anna Yojana (PMGKAY) could ‘stress’ government finances, the Finance Ministry s…