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India GST progress

  • Mar 23, 2016 | Richard Asquith

India GST progress

The passage of the Indian Goods and Services Tax implementation bill has received a boost.

The bill, the Constitution Amendment Bill, to replace VAT, CENVAT, Services Tax and many other indirect taxes had become blocked due to differences between the ruling BJP party and the opposition Congress party.

However, changes in the political make-up of the upper house of parliament, the Rajya Sabha, means that the Bill could pass before the end of this year, leading to a 2017 implementation. The idea of a new GST regime had initially been proposed in 2003.

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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.