New Delhi, June 5 : Prime Minister Narendra Modi on Monday reviewed the status of Goods and Services Tax (GST) which is all set to roll-out from July 1 and termed it as a “turning point” for the country’s economy.
“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,” an official statement said here.
During a review meeting with officials here, Modi termed the GST regime as a turning point for the economy.
He said that the establishment of ‘One Nation; One Market; One Tax’ would be beneficial for the common man.
The Prime Minister also instructed officials to pay maximum attention to cyber-security in IT systems concerned with GST.
The meeting lasted for over two-and-half hours, was attended by Finance Minister Arun Jaitley and other prominent officials from the Ministry of Finance, the Prime Minister’s Office and the Cabinet Secretary.
Modi specifically reviewed aspects of GST’s implementation including IT readiness, HR readiness, training and sensitisation of officers and so on.
The GST Council on Saturday wrapped up the exercise of bringing all items under a four-slab tax structure with gold to be taxed at 3 per cent.