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GST from June 30 midnight

Tuesday, Jun 20, 2017,12:24 IST By metrovaartha A A A

New Delhi | Finance Minister Arun Jaitley confirms GST rollout date. The new taxation system will be launched from mid-night of June 30-July 1.
GST launch function is to be held at Central Hall of Parliament; MPs, CMs and state finance ministers being invited.
President Pranab Mukherjee, Vice-President, PM, Lok Sabha Speaker and former PMs Manmohan Singh and HD Deve Gowda to be on dais for GST launch.
FM says that in short term, there will be some challenges in switchover to GST. Over medium to long term, revenues of Centre, states will grow; size of formal economy to grow too.
“We had been saying GST will be rolled out by July 1; nobody had any business not to be ready. Anti-profiteering clause in GST is a deterrent which is not intended to be used unless forced to” Jaitley said.
Jaitley also said that Centre is not considering farm loan waiver; but will adhere to fiscal targets.

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