Business

Modi reviews GST status, implements from July 1

GST

New Delhi, June 5: Prime Minister Narendra Modi mentioned Goods and Services Tax (GST) as “turning point” for the economy as it starts from July 1 , according to statement.

“The Prime Minister asserted that the implementation of GST from July 1 is the culmination of the concerted efforts of all stakeholders, including political parties, trade and industry bodies,” the statement said.

He said that the creation of ‘One Nation; One Market; One Tax’ would be beneficial for the common man.

The Prime Minister directed officials to pay maximum attention to cyber-security in IT systems concerned with the GST.

Finance Minister Arun Jaitley and top-most officials from the Ministry of Finance, the Prime Minister’s Office and the Cabinet Secretary attended the two and a half hours long meeting and discussed implementation of IT readiness, HR readiness, training and sensitisation of officers, query handling mechanism and monitoring.

Modi said everything will be ready and be on time for the July 1 implementation date.

 

Wefornews Bureau

 

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