Government proposes to roll out GST from 01 April 2016
The Cabinet has approved the Constitution Amendment Bill on Goods and Services Tax (GST), clearing the way for its introduction in ongoing session of Parliament to bring about long-pending indirect tax reforms. The Bill is likely to be tabled in the ongoing winter session of Parliament that concludes on 23 December. The government aims to roll out the Goods and Services Tax (GST) from 01 April 2016.The revised Constitutional Amendment Bill was brought before the Cabinet after the Centre and states earlier this week reached a consensus on contentious issues, including those related to petroleum product taxation, which were holding up the proposed nation-wide indirect tax regime for about seven years.
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