Next steps for GST Council

The Goods and Services Tax (GST) Council is meeting physically for the first time in 20 months on Friday. While the council is likely to discuss a variety of issues, the fact that it is meeting physically indicates that things are getting back to normal after a severe disruption caused by the pandemic.

Revenue collection in the current year is also likely to be better than the initial estimates as the second wave of the pandemic had a limited impact on economic activity. Although the risk of another surge in infection remains, the impact on economic activity and tax collection is likely to ...

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.