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

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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 intense interactions between the Centre and th.......

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