Indian government introduces consitutional amendement for goods and services tax

The Indian government on December 19 introduced a constitutional amendment in the Lok Sabha, India’s lower house of parliament, to pave the way for the introduction of a goods and services (GST) tax. The GST would be a simplification measure, replacing numerous taxes levied by individual states, including VAT, entertainment tax, octroi, entry tax, luxury tax, and purchase tax on goods and services.

See:

• Indian Ministry of Finance release

See also:

• Economic Times,

• The Indian Express

• The Times of India

• Tax Guru

 

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UPDATE (12/22/2014):  Union Finance Minister, Shri Arun Jaitley urged support of the GST proposal at a meeting of the Parliamentary Consultative Committee. See, release.