SEAnews 2016-08-31 ArtNo.45841

【New Delhi】With the Rajya passing the GST Bill, tax experts have gone into overdrive to decipher for us the intricacies of the various levies applicable on sales of goods and services. Its inflationary effects, particularly as a result of rising service tax, could cost the ruling party dearly in the elections to come.
　The biggest concern has been loss of revenue to States, particularly the manufacturing States, who have been promised adequate compensation for five years. Maintaining that it was a manufacturing State whose concern of substantial revenue loss had not been adequately addressed, and it “violated the States’ fiscal autonomy”, 13 AIADMK MPs walked out of the Rajya Sabha before the “ayes” had it and the Bill made it through the Upper House.
　Here is a telling comment from a Whatsapp group referring to the Congress extending support to GST. “Yesterday my tax consultant told me that Congress has been very cunning and timed it perfectly. In the first two or three years of GST implementation, prices will increase and there will be huge compliance costs particularly for the smaller traders and businessmen, the BJP’s main support base. By the time parliamentary polls are held in 2019, Congress hopes, people will be angry and will throw out the NDA government. Could this be the BJP’s self goal?”
○FinMin doesn't rule out possibility of delay in GST roll-out deadline

【New Delhi】While the finance ministry remains optimistic about meeting the April 1, 2017, deadline for the goods and services (GST) tax rollout, it has not ruled out the possibility of delay on account of a slew of challenges to be resolved by the yet-to-be-set-up GST Council.
　The government will also have to take into account information technology (IT) preparedness of the trade and industry sector for compliance with the new indirect tax regime.
○Govt working on roadmap to roll out GST from April 1, 2017: Jaitley

【New Delhi】To meet the target of April 1, 2017, Finance Minister Arun Jaitley is eyeing the Winter Session of Parliament to see through all three pieces of legislation connected with the Goods and Services Tax (GST) — Central GST, State GST, and Inter-State GST.
　Jaitley told reporters on the 28th of July,“We will try to finish the roadmap for GST as soon as possible. The government will try to table the Central GST and inter-State GST Bills in the Winter Session.”
【News source】

Could GST be the BJP’s self goal?

FinMin doesn't rule out possibility of delay in GST roll-out deadline

Govt working on roadmap to roll out GST from April 1, 2017: Jaitley

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