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Constitutional compulsion to roll out GST from Sep next FM

Goods and Services Tax - GST - Dated:- 3-12-2016 - New Delhi, Dec 2 (PTI) Citing constitutional compulsion, Finance Minister Arun Jaitley sought to drive home the point that the Goods and Services Tax has to roll out before September 16 next year as the existing indirect taxes will come to an end by then and it would not be possible to run the country without revenue collection. He made a pitch for widening the tax base, saying efforts are on to make taxation process far simpler and make rates m .....

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t notified GST on September 16 and the constitutional amendment itself says the current indirect tax system can continue for one year, after which the GST has to come. So, if as on September 16, 2017, there is no GST, then there is no taxation in the country, he reasoned. So, you have a constitutional compulsion to have a Goods and Services Tax in place before September 16 (2017), otherwise the country doesn't run, and the tax is absolutely essential. Therefore, our intention is it gets impl .....

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