The 54th meeting of the Goods and Services Tax Council made some progressive decisions designed to introduce much-needed efficiency in the taxation system. But the council will have some more crucial decisions to address in the coming months that are being studied by different groups of ministers, such as the GST on insurance, rate and slab rationalisation and the vexed issue of compensation cess. All these are vital issues that will make the GST system more efficient and improve overall tax collection, the top edit says. Read it
In other views:
Ashok Bhattacharya explains how this year’s Budget makes a move towards greater transparency. Read it here
Ajay Tyagi focuses on the need for India to have a quantifiable and monitor-able plan to meet international climate commitments and facilitate smooth transition to a low-carbon economy. Read it here
The second edit argues that the government must find ways to cope with the China “rebalance”. Read it here
