https://www.taxtmi.com/news?id=17014 Constitutional compulsion requires enactment of a Goods and Services Tax by the end of the permitted transition period under the amendment because continuation of the prior indirect tax system is time limited; absent GST the existing framework would lapse. The piece also notes reform priorities: widening the tax base, simplifying rates, consolidating assessments so one authority's assessment is accepted across jurisdictions, and the practical importance of state cooperation for investor confidence. en-us Sat, 03 Dec 2016 11:12:53 +0530 Sat, 03 Dec 2016 11:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17014 Constitutional compulsion requires enactment of a Goods and Services Tax by the end of the permitted transition period under the amendment because continuation of the prior indirect tax system is time limited; absent GST the existing framework would lapse. The piece also notes reform priorities: widening the tax base, simplifying rates, consolidating assessments so one authority's assessment is accepted across jurisdictions, and the practical importance of state cooperation for investor confidence. News - Sat, 03 Dec 2016 11:12:53 +0530 https://www.taxtmi.com/news?id=17014