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Hopeful of resolving issues to roll out GST from Apr 1 FM

Goods and Services Tax - GST - Dated:- 11-1-2017 - Gandhinagar, Jan 11 (PTI) Finance Minister Arun Jaitley today reiterated that the Centre is still aiming to roll out the Goods and Services Tax (GST) regime from April 1 if all pending issues are sorted out. GST, which is to subsume most of central and state taxes like excise, service tax and VAT, needs to roll out by latest September 16, 2017, he said. This because, under the Constitutional Amendment passed by Parliament for the GST implementat .....

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sales tax, will replace a jumble of levies to create one of the world's biggest single market. A single tax will make it easier to do business in the world's seventh-largest economy as also help combat evasion, boost revenue for the government. But the rollout is struck because of differences between the Centre and states over control and administration of the tax as also on how the states that face revenue shortfall because of the GST rollout would need to be compensated. Jaitley is hop .....

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