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Indian states ratifying GST

  • GST
  • 22 August 2016 | Richard Asquith

Indian states ratifying GST

Dehli is one of the early states to review and ratify the new Goods & Services Tax legislation.

The constitutional amendment Bill was passed by the Parliament earlier this month, and must now be passed by 15 of more states. To date, six have approved it, including Gujarat, Assam, Bihar, Jharkhand, Himachal Pradesh and Chattisgarh. Delhi should be next, and is set to receive a boost in tax take.

GST will replace a range of indirect taxes, including: VAT, CENVAT, luxury taxes on hotels; Professional Tax, Service Tax, Entry Tax and levies.

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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.