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Last Updated : Sep 16, 2015 06:53 PM IST | Source: CNBC-TV18

GST rollout: May miss April 1 deadline, says CBEC

"Indirect taxes is a transaction tax. It is not based on a yearly assessment. So the negative list was announced on the July 1. So there is theoretically no issue on introducing a GST," says member of Central Board of Excise and Customs VS Krishnan.


The Goods and Service Tax (GST) may miss the April 1, 2016, deadline, but a rollout next year is still a possibility. That's the word coming in from a member of Central Board of Excise and Customs VS Krishnan.


"Indirect taxes is a transaction tax. It is not based on a yearly assessment. So the negative list was announced on the July 1. So there is theoretically no issue on introducing a GST," he says.

But guessing when will it happen is like guessing about the monsoon, he adds. However, he adds that things are proceeding on the assumption that GST will be implemented on April 1, 2016.

First Published on Sep 16, 2015 05:35 pm
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