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GST will miss the dead line

CA Sudhir Halakhandi (PRACTICING CHARTERED ACCOUNTANT) (13401 Points)

24 August 2010

See the News item - GST WILL MISS THE DEAD LINE

https://economictimes.indiatimes.com/news/economy/finance/GST-rollout-to-miss-April-1-2011-deadline-Official/articleshow/6425833.cms

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1 Replies

Tarun (CA Practice ) (166 Points)
Replied 18 July 2011

Dear Sir,

As per the recent news article published in ET, Pranab Mukherjee has roped-in Mr. Sushil Modi, Dy. CM of Bihar and BJP leader as the head of the panel to negotiate terms og GST with states. This move is to secure majority as GSt bill will require 2/3rds approval of parliament and half of the 28 states.

Keeping the fingures crossed that very soon the bill, which has been pending for so-long, becomes law.