Published in:
Business Standard
Pubished on:
5 Aug 2016
The government has set April 1, 2017 as the target date for introducing the goods and services tax, even as it said there are challenges to meet it. GST may improve ease of doing business and bring down prices in the long run though much of it would also depend on the rates that are yet to be decided, it said.
Addressing a press conference a day after the Rajya Sabhha passes the much-awaited Constitution amendment Bill, Finance Minister Arun Jaitley said the government has given notice to table the changes to the Bill in the Lok Sabha, which has already cleared the earlier version of the Bill.