The goods and services tax (GST) is set to be rolled out from 1 July after the centre and the states struck a consensus on the contentious issue of sharing of administrative powers.
The way is now clear for the Union government to table the associated bills in the second half of the upcoming budget session of Parliament commencing from 31 January. To be sure, there are other issues that need addressing; for instance, the GST council will have to also resolve the various tax slabs.
At the end of the ninth GST council meeting on Monday, both sides agreed to work towards meeting the new deadline and sharing administrative control over small and big taxpayers in a fixed ratio.
Both, but especially the centre, conceded some ground to generate a consensus on this long-pending issue that was threatening to derail the implementation of the singular piece of tax reform which will, for the first time, economically unify the country.
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