A decision in this regard was taken during a meeting of representatives of All India Association of Central Excise Gazetted Executive Officers and those from Indian Revenue Service (Customs and Central Excise).
The market went for a strong run after the shift in stance by RBI from accommodative to neutral but UR Bhat of Dalton Capital says he is unsure if this can be sustained. According to him, US President Donald Trump‘s policies pose a huge risk for the market.
In a twist of historical irony, the narrative on GST has rapidly changed from a substantive politico-fiscal issue until a few months ago to a pre-dominantly bureaucratic turf war now.