PM Modi reviews GST roll-out preparations, says it will be ‘turning point’ for Indian economy

Touted as the single-biggest taxation since independence, the GST will absorb 16 different taxes, including excise, service tax and VAT, and make India a single market for seamless movement of goods and services.

By: Express Web Desk | New Delhi | Published: June 5, 2017 5:22 pm
GST, Goods and Services Tax, Indian economy, Narendra Modi, Modi-GST, gst roll out, indirect tax, arun jaitley, indian express Prime Minister Narendra Modi (PTI Photo)

With the Goods and Services Tax (GST) set for a July 1 roll-out, Prime Minister Narendra Modi on Monday reviewed the preparations of the new indirect tax regime and said it will be “a turning point” in the country’s burgeoning economy. Calling it as an “unprecedented” moment in India’s history, the prime minister stated that the creation of the one-nation, one-market and one-tax system would greatly benefit the common man.

Taking stock of various elements involved in the roll-out, Modi directed the officials to give maximum attention to cyber-security in IT systems linked to the GST, the Prime Minister’s Office (PMO) said in a statement. The prime minister also said the implementation of GST from July 1 is the culmination of the concerted efforts of all stakeholders, including political parties, trade and industry bodies, it added.

This was the first review by the prime minister after the GST Council finalised the rates, and the second since May 2. The meeting was attended by Finance Minister Arun Jaitley, and top-most officials from the Ministry of Finance, the PMO and the Cabinet Secretary. During the meet, the prime minister specifically reviewed aspects of implementation such as IT readiness, HR readiness, training and sensitisation of officers, query handling mechanism, and monitoring, the statement said, adding that GST systems will be in readiness well in time for the July 1 implementation date.

Earlier, the GST Council had finalised tax rates on almost all goods and services. It will meet again on June 11 to review some of the rates and discuss other pending issues. Touted as the single-biggest taxation since independence, the GST will absorb 16 different taxes, including excise, service tax and VAT, and make India a single market for seamless movement of goods and services.

With PTI inputs

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    Suryavansh
    Jun 5, 2017 at 10:21 pm
    Yeah it will make a u turn and go back all the way to 80s... Bunch of ic chaddis
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    1. R
      rssbhakt
      Jun 5, 2017 at 10:16 pm
      does dis buddha chaddi drink gau mutra and cowdung everyday every morning ?
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      1. O
        Onkar Singh
        Jun 5, 2017 at 10:07 pm
        This same Modi if you listen to him in the videos he was debunking the GST and the Adhar.His 15lacs which he was crediting in every citizen's a/C's became in the end "Jumlas"!He has nothing to show so that the citizens can say he has done something for them. And he can now only make empty boasts of programmes initiated by the previous Congress govt getting implemented now. The most "uncouth" "indecent"and a liar PM india has ever had.
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          Darkhorse
          Jun 5, 2017 at 9:35 pm
          Why is fuel not included in GST
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            Truth
            Jun 5, 2017 at 8:17 pm
            Hope 2019 is a turning point for the crooks Modi-Shah &Co. to roll out of power !
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