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GST Council India's first truly federal institution: Drabu
5/19/2017 11:33:44 PM
Early Times Report

Srinagar, May 19: Terming the Goods and Services Tax (GST) Council as India's first federal institution, Jammu and Kashmir Finance Minister Haseeba Drabu on Friday said the new tax regime will pave way for cooperative federalism in the country."The GST will bring major changes in fiscal and political side of India's federal structure because of which coercive federalism will pave way for cooperative and competitive federalism," Drabu said while speaking at a roundtable of the Finance Ministers organised by a financial newspaper at Royal Springs Golf Course here. The Finance Minister said the new tax regime has sown the seeds of lateral federalism by recognising the new political, economic and social realities in the country. He said the GST should be looked at more in terms of changing federal polity across the country.
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