Goods & Services Tax (GST) in IndiaFM Still Optimistic For Passing of GST Bill in April 2016

March 14, 20160

FM is Still Optimistic For Passing of GST Bill in Second Half of Parliament’s Budget Session i.e April 2016. The second half of the Budget session is beginning from 20th April 2016 .

It is pertinent to note that  the Central Govenment is trying their level best to convince all the political parties for passing GST Bill in Budget session but another favouring factor is that  a number of Congress members are retiring in March and April in 2016 in Rajya Sabha .Hence , the chances of getting GST bill passed in April 2016 is much more than before .

Recently , FM while addressing in Advancing Asia Conference in Delhi said that

the current session of Parliament has already seen one landmark legislation two days ago. And I do hope to see another two being passed in the second part of the session with regard to the bankruptcy and insolvency laws and GST.

It is also being anticipated that since the Congress is adamant on at least three changes so even if the bill is not passed  in April,2016 then too GST can be implemented in May, June or July 2016 atleast. Therefore, it will be a matter of delay of a few months only for final passage of GST Bill .

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