Here is the best of Business Standard’s opinion pieces for Friday:
A Supreme Court Bench led by Justice D Y Chandrachud in a judgment on Thursday said the recommendations of the Goods and Services Tax (GST) Council were not binding on the Central and state governments. This has raised concerns and it is being argued that the states may not implement the Council’s decisions and the advantage of “one nation one tax” could be lost. In this context, our lead editorial notes that what the court has done is to reiterate the constitutional position.
The judgment has not increased uncertainty in the GST system. Read here
In other views:
The situation in Varanasi and the actions of the local administration portend a replay of the past, writes Aakar Patel. Read here
For all its gargantuan consumer numbers, the Indian media business is pathetically under-monetised, writes Vanita Kohli-Khandekar. Read here
Quote of the Day“The Union and states have simultaneous powers to legislate on GST and the constitution does not envisage a repugnancy provision and GST council must work in harmonious manner to achieve workable solution.”
Supreme Court of India
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