The Indian Parliament passes GST Constitution Amendment Bill
August 05, 2016
The Indian Parliament has voted unanimously to introduce the Goods and Services Tax (GST). This is a significant development which will affect all businesses with interests in India or who trade with India.
We understand that the Government is likely to push for 1 April, 2017 as the date for GST implementation. Considering the limited time available and the potential impact of GST on businesses (for example, on product pricing, working capital, information system, supply chain, contractual arrangements, etc.), businesses may wish to start to prepare now.
For further information and to keep up-to-date with all global indirect tax developments visit GlobalVATOnline.
p: +44 (0)16 1245 2429