Indirect Tax

Referring to reforms in the financial sector and taxation procedures, he said indirect tax reform will occur through GST Council and the Task Force on Direct Taxes has already submitted its recommendations.

My own experience of two years while chairing the GST Council was that finance ministers of states, notwithstanding the political position their parties take, have displayed a high level of statesmanship and acted with maturity. The council worked on the principle of consensus. This has added to the credibility of the decision-making process. I am sure this trend will continue in future