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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

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 ...