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India agrees GST laws for 1 July launch

  • GST
  • 04 March 2017 | Richard Asquith

India agrees GST laws for 1 July launch

The Indian Goods and Services Tax Council approved today the key new law for the new Central GST and Integrated GST laws. This means the new consumption tax could be launched 1 July 2017.

This follows the agreement this week on the draft compensation mechanism to ensure states are satisfactorily compensated for the replacement of VAT, Service Tax and other related consumption taxes.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.