In­dia fi­nalises new sales tax bills

New Straits Times - - Business -

NEW DELHI: In­dia moved closer on Satur­day to­wards launch­ing a new na­tional sales tax from July af­ter a panel of fi­nance of­fi­cials fi­nalised two key bills to be put be­fore par­lia­ment. The Goods and Ser­vices Tax (GST) has missed sev­eral launch dates. On Satur­day, Fi­nance Min­is­ter Arun Jait­ley said the mea­sure was on track for a roll­out from July 1 with the bills set to be dis­cussed in par­lia­ment af­ter it re­con­vened this week. To meet the dead­line, par­lia­ment must pass the bills be­fore its cur­rent ses­sion ends in midApril.

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