GST - The Journey So Far!!!

May 13, 2014
January 17, 2017
Show all

GST – The Journey So Far!!!

The path of introduction of the Goods and Service Tax in the Indian Indirect Taxation Regime has been a tough and challenging journey so far since its maiden introduction in the year 2006 for implementation of GST by 1st April, 2010. Since its introduction, giving the nature of the Indian Economy and the structure of the nation, the roll out has not been easy and the States have further complicated the same with their never ending demands.

However, with the NDA Government coming into the Centre in 2014, it was hoped that a mutual settlement can take place between the dissenting States and the Centre to pave the path for the biggest indirect tax reform of the nation and with the efforts of all, the Constitution (122nd Amendment) Bill, 2014 was introduced in the Lok Sabha on 19.12.2014 after the Cabinet gave the approval of the same on 17.12.2014.

For more on the same please click here-

Leave a Reply

Your email address will not be published. Required fields are marked *