TaxTMI 
TaxTMI 
Dear Experts,
Is there any latest news in GST. Will the govt produce the GST scheme in the current budget ?
Regards
LATEST IN GST - REG
11 Feb 2016 
4 Replies 
1142 Views Asked by
Goods and Services Tax prospects remain uncertain amid political disagreement over revenue rates and timing of introduction.
Enquiry asks if the Goods and Services Tax will be presented in the budget. Replies highlight the GST's potential to remove tax cascading and ease goods movement, but emphasize low probability of enactment in the budget session due to political disagreement over the Revenue Neutral Rate and proposals for an additional tax, noting possible consideration in later parliamentary sessions or alternative legislative routes. (AI Summary)
Enquiry asks if the Goods and Services Tax will be presented in the budget. Replies highlight the GST's potential to remove tax cascading and ease goods movement, but emphasize low probability of enactment in the budget session due to political disagreement over the Revenue Neutral Rate and proposals for an additional tax, noting possible consideration in later parliamentary sessions or alternative legislative routes. (AI Summary)