GST set for June 30 midnight launch at special Parliament session

"There will be a brief function of about one hour where the Prime Minister and President will speak on the subject and there are two short films on the subject of GST which have been prepared for this event," Arun Jaitley said.

By: Express Web Desk | New Delhi | Updated: June 20, 2017 7:35 pm
GST, GST launch, GST midnight launch, GST Parliament, Arun JAitley, GST Arun Jaitley, “There will be a brief function of about one hour where the Prime Minister and President will speak on the subject and there are two short films on the subject of GST which have been prepared for this event,” Arun Jaitley said. (file photo)

The Goods and Services Tax (GST) is set for a big launch on the midnight of June 30 at a function inside the Parliament’s Central Hall. President Pranab Mukherjee, Vice-President Hamid Ansari, Prime Minister Narendra Modi, Speaker Sumitra Mahajan and former prime ministers Manmohan Singh and H D Deve Gowda will be among those present at the event. Briefing the press on the GST launch, Union Finance Minister Arun Jaitley said: “There will be a brief function of about one hour where the Prime Minister and President will speak on the subject and there are two short films on the subject of GST which have been prepared for this event.”

All the members of the Parliament, state finance ministers, GST council members and those who have been part of the GST process will be present at the event, Jaitley added.

Jaitley said the tax reform might face short-term challenges but in the long run it will check evasion. “The revenues will grow and the spending power of the states and centers will increase, it will have a positive impact on the economy…. In short term, there will be some challenges in switchover to GST.”

Asked about industry bodies, small and medium enterprises, not being prepared for the switch over to GST, Jaitley said the date of rollout has been announced well in advance and so “nobody had any business not to be ready”. Besides, additional time has been given in the initial period for filing of the results, thus giving enough time to prepare for the transition, he said. On the anti-profiteering clause in the GST law, he said the provision has been made as a deterrent which is not intended to be used unless forced to.

On June 18, when asked whether the date of rolling out the GST will be deferred, Jaitley said: there was no “luxury of time to defer the implementation” of GST.

The GST Council had earlier decided to relax the deadline for filing of returns for the first two months following GST’s rollout. The formal transition to the indirect tax regime is being billed as the biggest reform of its kind in independent India.

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  1. B
    Barb Dewyre
    Jun 20, 2017 at 7:25 pm
    I hope the declaration of GST on the midnight of June 30 is prefaced with Modi's speech while he was Gujarat's Chief Minister where he categorically stated that GST will never succeed in India. This man is shameless and invariably licks his own vomit.
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    1. P
      Pathik Bhasin
      Jun 21, 2017 at 2:33 am
      True....OUR PM never sticks on his own statements.... He have rubber like elasticity in his promises. Can change anytime Demonitarisation also failed that results in worse situations
      Reply
    2. J
      J. Hari
      Jun 20, 2017 at 4:41 pm
      Why this midnight drama? Will the sky fall if the function were held at a more 'civilized' hour like 10 a.m. on July 1st that would be convenient to all.? People should not forget that when the GST idea was proposed in 2006, Modi, then CM of Gujarat, was one of its most vocal opponent!
      Reply
      1. P
        Parth Garg
        Jun 20, 2017 at 4:24 pm
        The hurried implementation of GST will result in a disaster for the trade and industry. Consumers will pay a heavy price for this change over.
        Reply
        1. S
          Sankaran Krishnan
          Jun 20, 2017 at 3:48 pm
          Yes introduction of GST at the National level is really an proud moment and it is good to share the moment with Parliament and as rightly pointed out by FM that those who are all associated will be invited is an good gesture and let us all take credit irrespective of the party they belong which will be a game changer for the GOI and the Indian States in the coming years ahead !!!
          Reply
          1. N
            Nirav
            Jun 20, 2017 at 3:02 pm
            Yeah sab ho halla to theek hai...job job market kab khulega ? 1 crores jobs ka promise tha...bhool mat Jana..
            Reply
            1. N
              Nirav
              Jun 20, 2017 at 3:01 pm
              Yeah sab ho halla to there hai...job job market kab khulega ? 1 crores jobs ka promise tha...bhool mat Jana..
              Reply
              1. R
                rajan
                Jun 20, 2017 at 3:00 pm
                This roll out is again being presented as a step in public interest yet may be anti-people like many others that this government is taking. The same party which was opposing it while out of power is singing its panegyrics now. While in opposition, it resisted Aadhar Card too. Now, it is pitching for its mandatory implementation. How is it that this government has suddenly woken up to their utility while resisting the measures tooth nail when proposed by UPA government. This government simply can't be trusted. Its only agenda is to divide the society on basis of caste, creed religion retain power by fooling the people one more time
                Reply
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                  Nirav
                  Jun 20, 2017 at 2:53 pm
                  Big bold and beautiful ...ho ha...
                  Reply
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