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India is poised to implement a messy GST regime

Thursday, April 13, 2017

Subject

The Goods and Services Tax regime.

Significance

India’s upper house of parliament on April 6 passed four supportive bills related to the Goods and Services Tax (GST). Emboldened by this, the government is aiming to roll out the GST on July 1.

Impacts

  • Petroleum products are unlikely to be included in the GST any time soon.
  • India will increase its reliance on indirect rather than direct taxation.
  • Disputes over the GST regime could get tangled in long court battles.

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