Govt to announce GST implementation roadmap today
With Rajya Sabha approving the long-delayed GST Bill, the government will today announce the implementation roadmap for the national sales tax regime.
Revenue Secretary Hasmukh Adhia said that “work has to be on war footing from now on”.
“It is only end of a beginning. The real work starts now. We will announce implementation roadmap on Thursday,” he said.
“We want to implement it as soon as possible,” he added.
In the biggest tax reform since Independence, the GST Bill was yesterday approved by the Rajya Sabha to replace a raft of different state and local taxes with a single unified value added tax system to turn the country into the world's biggest single market.
The 66-year-old Constitution, which gives power to Centre to levy taxes like excise, and empowers states to collect retail sales taxes, was amended though the 122nd Constitution Amendment Bill. The legislation was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate.