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.

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