GST set to defer till September 2017

GST Council had its meeting yesterday regarding the administrative control of taxpayer between centre and state government, but no consensus was achieved. The issue of paramount importance was put at the back-burner and was kept for discussion today i.e. 03.12.2016. Without the consensus being reached on this critical issue, it is unlikely that government will table the GST Bills in the Parliament. Finance Minister himself said that we have to roll out GST maximum by September 16, 2017 beyond which it would be difficult to levy present indirect taxes. Only 9 days are left for current winter session and it is unlikely that the bills will be presented. Such a hesitation of the finance head of the nation is surely a red sign that GST is set to get deferred for another 6 months from its targeted date of 01.04.2017.

Looking at the issues GST has apart from the drafting errors, it seems that the government should pull up its socks and try to resolve them. Legislature and drafting can be kept for a later stage, what is important is that the issues between the centre and states should be resolved first. Without such resolution path for rolling out GST seems difficult.

by:

Keshav R Garg

(B.Com, FCA, CS, ISA (ICAI))

Faculty for GST: Indirect Tax Committee of ICAI

Author: Bharat's GST Ready Reckoner

A Handbook on GST

Adviser for GST: Industries Association of Chandigarh

Member: Indirect Tax Committee of CII, PHDCCI, MyGst.MyTax Foundation

Address: 3328, Sector 27 D, Chandigarh, India - 160 019

Phones: +91-172-461-3328, +91-98880-90008

Mails: mygst.mytax@gmail.com, keshavgarg@kdai.in

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