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GST@8: Promise, progress, and possibilities
Financial Express Pune
|July 01, 2025
THE IMPLEMENTATION OF the Goods and Services Tax (GST) in July 2017 marked a watershed moment in India's fiscal landscape.
GST sought to replace a fragmented indirect tax structure with a unified, transparent, and technology-driven system. As GST completes eight years, its trajectory reflects both how far we have travelled and how much more ground must be covered. The GST journey continues, propelled by ambition and tempered by the realities of execution.
Central to GST's evolution has been the role of the GST Council, a unique federal body that has facilitated consensus-driven decision-making between the Centre and the states. The Council, having met over 50 times, has demonstrated that federalism need not be a barrier to reform, but can instead be the very platform through which reform is realised. The multitude of clarifications, rate revisions, and procedural amendments over the years reflect the Council's responsive and adaptive approach.
This story is from the July 01, 2025 edition of Financial Express Pune.
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