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A K Bhattacharya: GST's next big hurdle

International investors and rating agencies are betting on the launch of GST in April

A K Bhattacharya  |  New Delhi 

A K Bhattacharya First, it was politics that stood in the way of a countrywide goods and services tax (GST). For almost a decade, Opposition political parties created many hurdles in building a consensus on such a critical indirect tax reform. Once that consensus was somehow built and the Constitution amendment Bills were passed and notified in September 2016, it seemed the remaining process would at least be free of any further uncertainties. That expectation, however, has been completely belied. The second big jolt to GST came not from politics, but from an unexpected quarter — the tax ...

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A K Bhattacharya: GST's next big hurdle

International investors and rating agencies are betting on the launch of GST in April

International investors and rating agencies are betting on the launch of GST in April First, it was politics that stood in the way of a countrywide goods and services tax (GST). For almost a decade, Opposition political parties created many hurdles in building a consensus on such a critical indirect tax reform. Once that consensus was somehow built and the Constitution amendment Bills were passed and notified in September 2016, it seemed the remaining process would at least be free of any further uncertainties. That expectation, however, has been completely belied. The second big jolt to GST came not from politics, but from an unexpected quarter — the tax ... image
Business Standard
177 22

A K Bhattacharya: GST's next big hurdle

International investors and rating agencies are betting on the launch of GST in April

First, it was politics that stood in the way of a countrywide goods and services tax (GST). For almost a decade, Opposition political parties created many hurdles in building a consensus on such a critical indirect tax reform. Once that consensus was somehow built and the Constitution amendment Bills were passed and notified in September 2016, it seemed the remaining process would at least be free of any further uncertainties. That expectation, however, has been completely belied. The second big jolt to GST came not from politics, but from an unexpected quarter — the tax ...

image
Business Standard
177 22