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GST IN INDIA IS 1ST APRIL 2017 SACROSANCT?

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 12-9-2016 Last Replied Date:- 14-9-2016 - We often hear that Government is working hard to see that it is able to introduce dual GST in country w.e.f. 1st April 2017 and at the same time a caveat that the target is stiff and there may be some time overrun. GST implementation is the top most priority at present for the Government. Recently, at a recent event of 'The Economist - India Summit 2016', Finance Minister made a st .....

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Council has to take up certain pending and in restored issues before it such as dual control, rates of GST, dispute resolution methodology etc. The introduction of GST Bills in Parliament and State Assemblies in forth coming winter session would be subject to clearance of these issues at the GST Council. If this is missed, April 2017 will be extremely difficult. Even if it is pressed, it may prove to be a mess. No doubt, the task is tough as well as long - both politically and logistically. It .....

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is desirable to have transparency in drafting final provisions. Since the time the model law has been placed in public domain, there have been more than 40,000 suggestions / feedback on the same from different stakeholders including trade and professional bodies. These need to be considered and fairly dealt with to come out with a refined version of model law which should again be placed in public domain (may be for a short period of 15 days) for further concerns / issues to be pointed out. Aft .....

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