Post SC ruling, all stakeholders must reaffirm the ‘one nation, one tax’ principle
GST was a landmark reform initiative – it removed multiple central and state taxes and enabled corporate India to treat the country as one common market.
But GST’s ease of doing business regime will now likely be revisited following the Supreme Court decision of May 19. We should note that the case – Union of India vs Mohit Minerals Pvt Ltd – was dealing with the levy of Integrated Goods and Services Tax (IGST) on ocean freight and not per se on central and state legislative powers.
But GST’s ease of doing business regime will now likely be revisited following the Supreme Court decision of May 19. We should note that the case – Union of India vs Mohit Minerals Pvt Ltd – was dealing with the levy of Integrated Goods and Services Tax (IGST) on ocean freight and not per se on central and state legislative powers.