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India attempts GST settlement

  • GST
  • 9 December 2016 | Richard Asquith

India attempts GST settlement

Today’s meeting of the GST Council will seek to close the two outstanding blockers to the roll out of GST in April 2017.

The Council is made-up of representatives from the Centre and 16 states. The two key issues are:

  • Agreement on the 3 implementation laws: Goods and Services Tax; Integrated GST; and Compensation for States
  • Agreement on the ‘assessee jurisdiction’, which governs which state levies and collects the new tax

GST will replace a complex, multi-tax regime that holds back the development of intra-state trade and growth of a manufacturing sector. It is estimated that it could add 2% to annual growth rates.

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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.