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Friday, January 29, 2010

Govt won’t be able to introduce GST in April ‘10:

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Eminent tax professionals have asserted at a conference on ‘Proposed GST -- Next Steps’ organized by Indian Merchants’ Chamber that the Government would not be able to introduce Goods & Services Tax (GST) on the targeted date of 1st April 2010, because not only there are disagreements on major conceptual issues, but also there is the complex issue of formulation of the ground level rules to suit requirements of diverse economic and social sectors in different states. And at the top of it all, the change would also require amendment of Constitutional provisions, which is admittedly a difficult and time-consuming process.

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