GST Council needs to develop a long-term vision for the tax regime

The Goods and Services Tax (GST) Council in its 49th meeting, like in the past, deliberated on critical issues to set the course of GST policy in the country. Working on the principle of cooperative federalism through harmonised deliberation, it accepted recommendations of two major Groups of Ministers (GoMs) which were created to find possible solutions to long-drawn issues, namely – setting up o…