The implementation of goods and services tax (GST) from April 1, 2016, could be feasible and depends on how fast pending issues are resolved, Revenue Secretary Sakti Kanta Das said Saturday.
"The deadline for actual implementation of GST from April 1, 2016, would be feasible. It all depends on how quickly we are able to reach consensus on critical issues," he said at an event here.
The implementation of GST, which aims subsuming most of the indirect taxes in the central and state levels, at has been pending since 2006, with states proposing to keep some items like petroleum, tobacco and alcohol out of its ambit.
"The discussions are at a very critical stage and we hope to make very good progress. We are quite optimistic we will be able to reach convergence in the coming weeks or months," Das said.
On the compensation front, the states have sought a five year compensation mechanism from the central government.
There are four to five issues with the states that are outstanding, Das said, adding that there were discussions on each in the recent weeks.
"We hope and we are quite optimistic that we will be able to resolve in the coming months, which will enable the government to introduce the constitutional amendments in parliament," he added.
