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PM Narendra Modi reviews GST rollout preparedness
16
Sep '16
The Union government is making every effort to implement the Goods and Services Tax (GST) from the beginning of the next financial year. Prime minister Narendra Modi held a meeting this week to review the preparedness for GST rollout. It was attended by finance minister Arun Jaitley, both ministers of state for finance, and senior officers.

The prime minister reviewed the progress made on various steps needed for the rollout of GST relating to preparation of Model GST laws and rules to be framed, establishment of IT infrastructure for both Centre and states, training of officers of Central and state governments and outreach for awareness of trade and industry, an official statement said.

Modi directed that all steps must be completed much before April 1, 2017. He observed that GST Council would need to have intensive meetings to be able to make timely recommendations relating to its mandate provided in Article 279A, including making recommendations relating to Model GST laws, GST rates, goods and services that may be subjected to or exempted from GST.

The Cabinet has already approved creation of the GST Council which will hold its first meeting next week. The Council is a joint forum of the Centre and the states, and consists of the Union finance minister as its chairperson, the Union minister of state, in-charge of revenue of finance as its member, and the minister in-charge of finance or taxation or any other minister nominated by each state government as its members. (RKS)

Fibre2Fashion News Desk – India


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