New Delhi, Sept. 5 -- The Goods and Services Tax (GST) Council has finally spoken its mind about the GST 2.0 package of reforms mooted by the Centre and earlier adopted by the Group of Ministers (GoM) tasked with the work of rate rationalization.

Going by reports, the discussions were full-throated and the endorsement unanimous. The council deserves plaudits for not dithering in blessing such a comprehensive reform agenda with far-reaching effects, despite concerns about a likely 'loss' of revenue. Looked at closely, the agenda reflects the work of not one, but three GoMs, the other two being on the compensation cess and on life as well as health insurance.

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This decision has b...