In a significant development signalling the onset of radical reform in India’s indirect tax landscape, the lower house of the parliament (Lok Sabha) passed during the first week of May the Constitution Amendment Bill 2014 (‘the Bill’) to enable the introduction of goods and services tax (GST). Prashant Deshpande of Deloitte explains how the Bill’s passage was a milestone event which is set to provide impetus to the government’s aim of rolling out GST in April 2016.
