New Delhi, Jan 27 (PTI) The Planning Commission today said that the proposed Goods and Services Tax (GST) is likely to miss the deadline of April 1, but it could be introduced in the next fiscal only.

"Well, we were hoping that it (GST) will come from April 1, but it does not appear that it will be so," Planning Commission Member B K Chaturvedi told PTI.

He, however, said the proposed indirect tax regime, aimed at doing away with most of the indirect taxes at the Centre and the States-levels, is likely to be implemented from the next financial year.

"Most likely it (GST) may come up from the next financial year," he said.

Many states like Madhya Pradesh, Tamil Nadu, Rajasthan and Gujarat are calling for delaying the introduction of GST against the schedule of April 1, 2010.

Goods and Services Tax implementation likely delayed; introduction now targeted for the next fiscal amid state calls for delay. Proposed implementation of the Goods and Services Tax is unlikely to meet the scheduled April 1 deadline and is now being targeted for introduction in the following financial year; the reform aims to subsume most central and state-level indirect taxes, and several states have called for delaying implementation, highlighting the need for further intergovernmental coordination.