GST IN KERALA IN CONSULTANTS

GST IN KERALA IN CONSULTANTS

The implementation of the long-pending indirect tax reform – Goods and Services Tax (GST) – has become closer to reality with the passing of the GST Constitutional Amendment Bill in the Rajya Sabha on August 3, 2016 and further with approval of the amendment by the Lok Sabha on August 8, 2016. There is still a long way to go and many hurdles to surmount before the GST becomes a reality.

In fact, there are many formalities and procedures to complete for the rolling out of GST from April 1, 2017 onwards. It is expected that the GST Council will be formed at the end of September. There will be six more months to complete other formalities. The crucial problem will be the passing of the State GST Bill by at least 16 States