Government Firm on July 1st GST Rollout Deadline
Revenue Minister Hasmukh Adhia confirmed the government's strong resolve to implement the Goods and Services Tax (GST) by July 1st, 2017, despite calls from businesses for a September rollout. He stated that any delay would be at the GST Council's discretion, contingent on national preparedness. The government's strategy involves passing necessary bills and engaging businesses for a smooth transition before the target date, as reported by Economic Times.
Government Firm on July 1st GST Rollout Deadline
As of March 30, 2017, Revenue Minister Hasmukh Adhia underscored the government's strong commitment to launching the Goods and Services Tax (GST) by July 1st. Many businesses, however, advocated for a September introduction, expressing concerns about their ability to adopt the necessary new technologies and tax procedures by the earlier date. In response, Mr. Adhia clarified that any postponement of the GST implementation would be solely at the discretion of the GST Council, likely occurring only if the Council determined the nation was not adequately prepared.
The initial stage of this implementation involved securing the parliamentary passage of various bills, providing businesses with a comprehensive understanding of the upcoming tax framework. The subsequent objective is to engage with businesses and guarantee a seamless transition to the new tax system. The government remains optimistic about achieving this goal prior to the designated July 1st date. This information was detailed in a report by Economic Times.