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SYLLABUS: GS 2: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein. Focus: The GST Council must not lose sight of broader reforms. The Goods and Services Tax (GST) Council was convened last week for …
Read MoreWhy in the news? Vijay Kelkar calls for urgent GST reform, advocating a single 12% rate and equitable revenue sharing with local governments. source:slideserve About the Proposal for Single GST Rate: Advocates adoption of a single GST rate of 12%, shared equally among all tiers of government, to streamline tax structure. Highlights success of countries …
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