Before Your Bills Get Shorter, GST Has to Cross These 12 Hurdles

Before your daily bills start mentioning only one tax, Goods and Services Tax (GST) has to go through these 12 steps

The Rajya Sabha passed the Constitution Amendment Bill, 2014 on 3 August to facilitate the implementation of Goods and Services Tax (GST). The government is aiming for an implementation date of 1 April 2017. This means that it will be at least a year before you will have one tax instead of multiple taxes on your bills.

The GST has to clear these 12 hurdles before becoming a reality.