Masala Bonds: Funding State Spending After GST – The New Indian Express
Masala Bonds: Funding State Spending After GST – The New Indian Express
Express press service Like farm laws that encroach on the list of constitutionally mandated states, the transformation of indirect taxes into a tax on goods and services fundamentally centralizes revenue generation. The fleeting experience of transferring GST revenues to states has been marred by controversy, with most states complaining of delays in devolution (transfer of […]
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