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Don’t be misled by delay rumours, GST to roll out on July 1: Govt

India TV Business Desk New Delhi 13 Jun 2017, 17:03:08 IST
India TV Business Desk

Putting an end on rumours of a possible deferment of the roll out of the Goods and Services Tax (GST), the government on Tuesday clarified that it will be implemented from July 1 and that preparations to this effect are underway in full swing.

The government’s clarification comes over demands from certain sections of the industry for a deferment of GST rollout. West Bengal Finance Minister Amit Mitra too had proposed to postpone GST by a month.

"The Government of India has emphasised that GST is scheduled to roll out on July 1, 2017. The Central Board of Excise and Customs (CBEC) in coordination with the state governments have increased their outreach programmes so as to reach the last trader," a finance ministry statement said.

In a tweet, revenue secretary Hasmukh Adhia said: "The rumours about GST implementation being delayed are false. Please do not be misled by it".

The ministry said that preparations are in full swing for a smooth implementation of the landmark reform GST from July.

The GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state counterparts, had over the last three weeks decided tax rates on over 1,200 goods and 500 services and fitted them in either of 5, 12, 18 or 28 per cent slab.

After the last meeting of GST Council, Jaitley had said the Centre and states have completed discussion on most of the issues.

"Irrespective of the date in which it starts, some people will say they are not ready, so that have no option but to get ready ... You require a honest intent for that," he had said, responding to a query that small traders and artisans were not technologically ready for meeting GST compliance.

(With PTI inputs)