GST rollout may only be possible by June-July, 2017

2016 has been the GST year. Inspite of the heavy efforts from the Govt, rollout of the GST regime may not be possible by April, 2017 . Experts are predicting a roll-out only by June-July.

GST Rollout

“Rollout will definitely not be in April. If GST can be passed in the Budget session of Parliament, then June or July could be possible,” Kerala Finance Minsiter Thomas Isaac told reporters here at the end of Day 1 of the council meet.

West Bengal Finance Minister Amit Mitra said that the council could not reach a consensus on defining a state’s jurisdiction under the Integrated GST (iGST) and has not even resolved the dual control issue, which is fundamental to the indirect tax regime.

Read full news at : Economic Times

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