GST may not be implemented from April 2012: FM
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The government today said it may not be possible to roll out the Goods and Services Tax (GST) from April next year, as the proposal needs consent from all the states.
"...the (GST) legislation cannot be voted upon until the ratification is completed...there may be problem on the time factor (April 1, 2012)," Revenue Secretary Sunil Mitra said at a CII post-Budget conference.
Ideally, the government would have liked to bring both Direct Taxes Code (DTC) and GST together, he said. DTC is expected to be rolled out from April, 2012.
The Centre and the states are engaged in talks over the proposed Goods and Services Tax (GST) for about four years.
The government is scheduled to table the GST Constitution Amendment Bill during the current session of Parliament for consideration.
PTI
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