SC rulings to bring relief to importers, clarity on GST Council’s role
Experts say judgment recognises States as Centre’s equal partners, and not subservient to the latter or the GST Council The Supreme Court judgment scrapping Integrated Goods & Services Tax (IGST) on ocean freight will bring lot of relief for importers, according to tax experts. They also maintain that the comment on GST Council’s recommendations has brought clarity.
The apex court on Thursday said recommendations of the GST Council are not binding on the Centre and States and these have only persuasive value.
