Implementation of GST in India

The BJP government at the centre had targeted the implementation of GST from April 2016. However, there has been a delay in the passing of the GST bill in the Parliament. The chances of getting the bill passed in the Winter-session of the Parliament are also looking bleak. This delay will cause the GST implementation[…]

Indian GST and OECD guidelines

The Organization for Economic Co-operation and Development (OECD) was founded in the year 1961 to help stimulate world trade and spur economic progress. It has 34 countries in its fold, with many more seeking accessions. The prominent among the member countries are the US, UK, Germany, Canada, France, Italy, Spain, Australia and New Zealand. In[…]

Implement GST at the Centre followed by States

GST was thought up and conceived for the Indian economy by the NDA regime. The UPA was only working on the drafting on the legislation. The work was so lethargic that the bill was introduced in the LokSabha in 2011, a full seven years after the UPA assumed power. It was referred to the standing[…]

Way Forward for GST implementation

The deadline for GST implementation has been set for April 2016 by the Government. It is a good leadership aspect to keep the target in sight. However achieving the target requires the government to run and win the GST hurdle race. The roadblocks are becoming clearer by the day. To sail over them smoothly there[…]

The path ahead with the GST bill

The path ahead with the GST bill

Given the present circumstances the constitutional amendment for the introduction of GST is likely to take time. The government has set a deadline for launching it by April 2016 and is making every effort to get the activities closed in time. However, with a bill of this magnitude and wide ranging impact on the Indian[…]

GST can be implemented from April 2016 ?

Is the GST bill is coming or not, is not the discussion point any more. Today, most of the parties are in support of the amendment. Since it has wide ranging implications there are definitely some issues relating to its formulation. With the benefits that are likely to accrue for the economy, a few compromises[…]

Challenges for GST implementation

The Goods and Services Tax (GST) will subsume all indirect taxes and would ensure seamless flow of goods and services across the country. As the name suggest, GST will be levied on both Goods (Manufacturing and Trading) and Services. GST will replace more than a dozen type of taxes including service tax, central excise duty,[…]

GST Milestones

​Year 2000· Vajpayee Government started discussion on GST by setting up an empowered committee. The committee was headed by Mr. Asim Dasgupta, (Finance Minister, Government of West Bengal). It was given the task of designing the GOODS and SERVICES TAX (GST) model and overseeing the IT back-end preparedness for its rollout. Year 2007· An announcement[…]