GST may not be implemented from April 1,2017

GST UPDATEIndia’s plans to roll out a countrywide Goods and Services Tax (GST) from April 1, 2017 appear increasingly unlikely with the Centre and states failing on Sunday to conclude discussions on several key aspects including the main enabling legislations.

The Finance Minister Arun Jaitley-headed GST Council discussed the drafts of two principal supplementary legislations — the Central GST (CGST) Bill and the State GST (SGST) Bill — in its meeting on Sunday.

The council will again meet during December 22-23, effectively ruling the supplementary bills’ passage in the Parliament’s Winter Session that concludes on December 16. The council’s meeting scheduled for Monday has been cancelled.

 

Read full news on : Moneycontrol.com

 

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