Business Standard

SC verdict on GST Council's recommendations will have no practical impact

Why has no state, since July 2017 when GST was implemented, set different rates for itself? The answer is self-interest

Image
Premium

T C A Srinivasa-Raghavan
The Supreme Court’s judgment saying that the GST Council’s recommendations are not binding on either the Centre or the states has led to a lot of consternation. The judgment has led people to wonder if GST will now be a free-for-all with each state setting its own rate. The judgment is the result of the Centre asking the court to make the Council’s decisions binding. 

What the Supreme Court has said is this: “The ‘recommendations’ of the GST Council are the product of a collaborative dialogue involving the Union and States. They are recommendatory in nature. To regard them as binding
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in