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Devangshu Datta: A contentious saga of tax reform ends

The finance minister reckons the GST could be rolled out by April 2017. This might be optimistic, given the amount of legislative coordination required. Whenever GST does come into force, some chaos i

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Devangshu Datta 

Devangshu Datta

The Rajya Sabha passage of the constitutional amendments necessary for the GST (goods and services rax) marks the end of one contentious phase in the long saga of tax reform. The next phase may be as arduous.

The GST must now be formulated in detail with tax rates, while at least 15 states pass constitutional amendments in respective Vidhan Sabhas. Then the actual bill with the tax rate details, etc., will have to pass, along with an Interstate GST Bill and Bills in every state and Union Territory. Side by side, state and central revenue/excise officers must retrain to implement the new ...

First Published: Sun, August 07 2016. 21:46 IST
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