GST was originally supposed to have been introduced in April 2011, but it has continually missed its deadlines.
Now Parthasarathi Shome, director and chief executive of Indian Council for Research on International Economic Relations, has said GST is unlikely to be introduced before 2014, before the Indian parliamentary elections.
“I am not terribly optimistic about a well-designed, well administered, well computerised GST before that unless the government becomes immediately alert about the matter and takes action,” Shome told the Economic Times.
One of the main sticking points is the need to amend the constitution before GST can be introduced.
“The government has not felt it feasible to take this step for the last about 18 months,” said Vivek Mishra of PwC.
At present, tax on the sale of goods and services is the exclusive domain of the state governments, while taxes on manufacturing...
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