Tax professionals say it was inevitable that the Indian government would give companies more time to update systems for the country’s ambitious new real-time reporting rules.
The Goods and Services Tax Council—the body charged with implementing India’s centralized indirect taxes—announced over the weekend that it would push back the deadline to comply with online reporting rules to Oct. 1 from April 1. The rules are aimed at enforcing compliance and payment of indirect taxes.
Practitioners say the government may have been ill-prepared to take on the new measures, which were announced at the end of 2019 and have been revised ...
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