A report from the global financial services firm HSBC has attempted to put an end to uncertainty surrounding the implementation of Goods and Services Tax (GST). A long awaited tax reform, which is expected to bring about transparency in taxation and simplify the taxation procedure that currently prevail, including some that lead to double taxation, GST, the HSBC report said, could be passed in 2016 and rolled out in 2017. The report credits BJP government for having made changes to make the piece of legislature acceptable to other parties who have opposed it thus far.

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