NEW DELHI: The Centre may not introduce the new indirect tax regime from April 1, 2012 since several states have opposed to the proposed GST provisions. This was stated by Revenue secretary Mr Sunil Mitra. Currently, the central government and state governments are holding talks over the proposed Goods and Services Tax (GST).
Moreover, the Centre is also expected to present the GST Constitution Amendment Bill during the current session of Parliament for consideration. Revenue secretary Mr Sunil Mitra at the customary post-Budget press conference, said, “It is unlikely that we will be able to get their (standing Committee) views before the Winter Session. It could then probably be introduced, if there is not enough time in Winter Session, it could perhaps be introduced in the Budget Session next year.”
Since 2007, the government has been planning to unveil the new tax regime. The GST introduction has already missed the implementation timeline of April 1, 2010.