GST is just born, it's 5 year old: FM Nirmala Sitharaman

GST is just born, it's 5 year old and I don’t know if it has completely accomplished on very many things which are committed. It’s happening, rapidly happening and there’s a lot of vibrancy in the Council,” FM Nirmala Sitharaman said on 13th Sep 2022 at the Delhi School of Economics.

The GST Council is still a fledgling five-year-old institution that has yet to become well-settled, but acts as a vibrant forum for intense interactions between the Centre and the States, Finance Minister Nirmala Sitharaman said on Tuesday.

Ms. Sitharaman was reacting to a ‘powerful case’ made by Fifteenth Finance Commission chief N.K. Singh to set up a Fiscal Council with the Centre and States, and another such body to act as a bridge between the GST Council and the Finance Commission. She was speaking at a discussion on a book Mr. Singh has co-authored with P.K. Mishra, the principal secretary to the Prime Minister, titled ‘Recalibrate: Changing Paradigms’.

“Interestingly, we have not had the GST Council having a full-fledged, well-developed, ‘it is all settled and it’s running’ kind of a situation yet,” she noted, emphasising that Centre-State interactions were ‘continuously happening’ at the Council or through the Finance Commission itself when it visits States to assess their views vis-a-vis their terms of reference.

“The GST Council that happens once in three months ideally, and sometimes, of course, gets extended to the fourth or fifth month… are all intens.......

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