Minister of Development of North Eastern Region (DoNER) Dr Jitendra Singh said that Northeast states will be benefited from the GST.
Addressing a function in New Delhi today, Dr Singh said, contrary to certain misconceived notions in certain quarters, GST will offer these States an opportunity to realize fiscal growth in tandem with the more developed states of India.
He
said, Government's target of Housing for All by 2022 will also gain momentum through reinforced State ex-chequer, consequent to the supplementation of the tax-pool following the implementation of GST.
Dr. Singh said, Government has established a new benchmark in decision making by following a formula of 3/4th majority in GST Council, out of which 2/3rd essentially has to be represented by the States.