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  • New Delhi: Noting that lot of work remains to be done in implementation of GST, Prime Minister's Economic Advisory Council (PMEAC) today said introduction of the tax reform requires considerable negotiations among the Centre and State governments. While the desirability of the tax is not in doubt, introduction of GST (Goods and Services Tax) requires considerable negotiations, bargaining and preparatory work on both the structure and operation of the tax, PMEAC said in its Economic Outlook for 2012-13.[caption id=attachment_421834 align=alignleft width=380

    New Delhi: Noting that lot of work remains to be done in implementation of GST, Prime Minister's Economic Advisory Council (PMEAC) today said introduction of the tax reform requires considerable negotiations among the Centre and State governments. While the desirability of the tax is not in doubt, introduction of GST (Goods and Services Tax) requires considerable negotiations, bargaining and preparatory work on both the structure and operation of the tax, PMEAC said in its Economic Outlook for 2012-13.[caption id=attachment_421834 align=alignleft width=380