Friday, January 16, 2015

States to get 1-year Grace Period for implementing GST

States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new indirect tax regime from April 2016. With states like Tamil Nadu and West Bengal still voicing their concerns over GST implementation, the Centre has provided for this one-year extension clause in the GST Constitutional Amendment Bill which was tabled in the Lok
Sabha on December 19.


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