image

Introduction of GST Bill may be delayed

The Narendra Modi-government may wait for the Budget session to get the Constitution Amendment Bill for introduction of Goods and Service Tax passed. The Bill has not been listed for consideration yet.

If the Constitution Amendment Bill does not get passed during the current session, the chances of implementing the GST from April 1 next year will be bleak. In such a situation, the new indirect tax system would be in a place only a year later, that is April 1, 2017, as such a taxation system cannot be implemented in the middle of a fiscal year.

A Constitution Amendment Bill needs order in the House to get passed.But continuous disruption has virtually stopped legislative business in both the Houses and the situation is unlikely to change during the remaining nine sittings of the Monsoon session.

There is a hope that the conditions would improve sooner or later but the same cannot be assured as things are not under control in the current sessions so the bill might get delayed because of these unexpected obstacles.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates