The constitutional amendment bill passed by parliament on 16th September 2016 meant that government has only until September 2017 to roll out Goods and Services Tax (GST) in India.
Terming GST as a game changer, Jaitley said: “The Constitution does not permit delay in GST implementation. The government notified GST on 16 September and the constitutional amendment itself says the current indirect tax system can continue for one year, after which the GST has to come.”
So, if as on 16 September 2017, there is no GST, then there is no taxation in the country.
“So, you have a constitutional compulsion to have a Goods and Services Tax in place before September 16 (2017), otherwise the country doesn’t run, and the tax is absolutely essential. Therefore, our intention is it gets implemented from April 1, 2017, that was the original intention,” he said.