India: Status of GST bill

India: Status of GST bill

A bill to implement a goods and services tax (GST) regime in India is pending parliamentary approval. The government introduced the bill in the Rajya Sabha (upper house) on 11 August 2015, but the upper house adjourned on 12 August 2015, thus delaying discussions and voting on the GST bill.

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Amid reports of “strong opposition” to the GST bill, its introduction by the government indicates a certain resolve to meet the 1 April 2016 deadline for GST implementation. However, if this deadline is to be met, the bill must be passed in the current “monsoon” session—a task that some question or even doubt, given the stand of the opposition party.

 

Read an August 2015 report [PDF 415 KB] prepared by the KPMG member firm in India: Government again introduces GST bill in Rajya Sabha

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