FCA, and GST Consultant with 18 Yrs of Experience in Income Tax,Service Tax,VAT/ CST, Audit, Finance etc.
Thursday, 15 September 2016
PM Modi is confident on GST implementation on its scheduled time as 01st of April,2017
Prime Minister Shri Narendra Modi
held a meeting which was was attended by Union Finance Minister Arun Jaitley,
both the Ministers of State for Finance, senior officers from the Prime
Minister’s office and the Finance Ministry to review the preparedness for the
rollout of the Goods and Services Tax (GST) yesterday on September 14, 2016.
In order to ensure that there
is no delay on the proposed date of implementation of GST from April 1, 2017,
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 (GSTN) for both Centre and States,
training of officers of Central and State Governments and outreach for
awareness of trade and industry.
He directed that all steps must
be completed well before April 1, 2017 so that the country should be benefitted
with timely implementation of GST Act.
He observed that the GST
Council would need to have frequent and 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.
What seems by this
supervision that PM is very much confident on GST implementation on its
scheduled time as 01st of April,2017.