Not only does one have to wait for the data to be released in December, but one also has to see the trend for the rest of the fiscal year to ascertain whether some of the demand has just been advanced in the immediate aftermath of the rate cuts
Union Finance Minister Nirmala Sitharaman speaks during the inauguration of a new Central Goods and Services Tax (CGST) Bhawan, in Ghaziabad, Uttar Pradesh.
The raid teams were accompanied by Provincial Armed Constabulary (PAC) personnel in Sambhal, Bareilly, and Hapur for security reasons. (Representational image)
The GST Council was set up as the site for collective decision-making on indirect taxes. Unlike other federal institutions, this was a product of the states coming together rather than the Centre controlling the purse strings and “inviting” states to the bargaining table. (@FinMinIndia X/ANI)
