GST may not meet April 1 deadline

PRESS TRUST OF INDIA

New Delhi, Jan 27: The Planning Commission today said that the proposed Goods and Services Tax (GST) is likely to miss the deadline of April 1, but it could be introduced in the next fiscal only.
 "Well, we were hoping that it (GST) will come from April 1, but it does not appear that it will be so," Planning Commission Member B K Chaturvedi told PTI.
 He, however, said the proposed indirect tax regime, aimed at doing away with most of the indirect taxes at the Centre and the States-levels, is likely to be implemented from the next financial year.
 "Most likely it (GST) may come up from the next financial year," he said.
 Many states like Madhya Pradesh, Tamil Nadu, Rajasthan and Gujarat are calling for delaying the introduction of GST against the schedule of April 1, 2010.

Lastupdate on : Wed, 27 Jan 2010 21:30:00 Makkah time
Lastupdate on : Wed, 27 Jan 2010 18:30:00 GMT
Lastupdate on : Thu, 28 Jan 2010 00:00:00 IST



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