https://www.taxtmi.com/article/detailed?id=5243 The proposed Goods and Services Tax would subsume most indirect taxes and extend VAT to services, aiming to remove tax cascading and alter tax incidence. Enactment requires a constitutional amendment and coordinated Centre-state legislation; the GST Bill is under parliamentary committee review and the Constitution Amendment Bill is pending law ministry opinion. State concerns over revenue compensation and inter-state tax mechanisms must be resolved before rollout, and political and administrative disagreements have repeatedly delayed implementation. en-us Thu, 22 Aug 2013 06:58:31 +0530 Wed, 04 Feb 2015 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5243 The proposed Goods and Services Tax would subsume most indirect taxes and extend VAT to services, aiming to remove tax cascading and alter tax incidence. Enactment requires a constitutional amendment and coordinated Centre-state legislation; the GST Bill is under parliamentary committee review and the Constitution Amendment Bill is pending law ministry opinion. State concerns over revenue compensation and inter-state tax mechanisms must be resolved before rollout, and political and administrative disagreements have repeatedly delayed implementation. Articles Goods and Services Tax - GST Thu, 22 Aug 2013 06:58:31 +0530 https://www.taxtmi.com/article/detailed?id=5243