Finance Minister Requests to Implement GST by September 2017

Indian legislation has been very tough from past few months as the aspiration for the implementation of the GST regime is getting sacked up very rapidly. And in the same direction, the Finance Minister Arun Jaitley has asked to implement the said GST tax structure by September next year.

The reason behind this urgency was cleared by him only with the statement that various taxes which are getting levied in the current scenario will expire after the mentioned time period. Along with this, the minister has also introduced three new bills in the parliament for passage and ratification.

Goods and Service tax is an upcoming tax regime which will subsume all the indirect taxes currently levied in the nation. The tax regime is supposed to be implemented by 1 April 2017.

Subodh Kumawat

Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally.

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