Govt's tax collections likely to go up post GST: Neelkanth Mishra

The 40-plus days of advance notice should be a relief for corporates and enterprises, he says

While it was known for a while that the GST Council was going to finalise the rates in their May 18-19 meeting in Srinagar, few expected the rates to be made public. As per earlier statements made by key officials, these were to be disclosed two weeks before the launch. The 40-plus days of advance notice should be a relief for corporates and enterprises, as not only does it allow them to assess the impact on their profitability and operations, it also allows for some to-and-fro and clarifications before the clock starts. The release of rates therefore was a welcome