GST Bills Pass in India’s Lower House

March 30, 2017 Becca Haile

The four bills that would implement the long-awaited Goods and Services Tax (GST) in India have taken their first step towards enactment, passing India’s lower house of parliament (the Lok Sabha) on March 29, 2017. The State of Jammu and Kashmir is notably excluded from the scope of one of the bills, the Integrated Goods and Services Tax (IGST) Bill, and will need to take special legislative steps to adopt IGST. The other bills passed on Wednesday were the Central Goods and Services Tax Bill, the Union Goods and Services Tax Bill, and the Goods and Services Tax (Compensation to States) Bill. Although the roll-out of GST was originally scheduled to take place on April 1, 2017, subsequent political entanglements required that it be delayed to July 1, 2017, a date on which the Indian Finance Minister is holding firm.

The post GST Bills Pass in India’s Lower House appeared first on Sovos.

Previous Article
Arizona Electronic Filing Requirement Signed into Law

The Arizona Governor signed into law House Bill 2280 which ultimately requires electronic filing and paymen...

Next Article
Immediate and Substantial Sales Tax Changes in Saskatchewan

On March 22, 2017, Saskatchewan, Canada announced its annual budget. The changes made to their sales tax we...

×

Regulatory Analysis News - Delivered Weekly

Company
Thank you for subscribing!
Error - something went wrong!