A proposal for a goods and services tax (GST) regime has been pending in India. At this point, a constitutional amendment has yet to be passed by the parliament (required before the states could ratify the proposal). During the time that the country has been waiting for parliamentary action on the proposed GST system, there has been very little publicly available data from the government about the proposed GST regime.
The central government has now released three reports for public comments, concerning the business processes for a GST regime. These reports discuss in detail the processes concerning registration, refunds, and payments. These reports are intended to provide clarity concerning the GST proposals.
Some have observed that the release of these three reports appears to reflect the central government’s resolve to push through the much-awaited tax reform bill, by initiating discussions before the constitutional amendment bill is passed by the parliament and ratified by the states.
Read an October 2015 report [PDF 332 KB] prepared by the KPMG member firm in India: Release of three reports by a Joint Committee on business processes for GST
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