Quashing rumours in various media about possible delay in Goods and Services Tax (GST)’s rollout, the Government on Tuesday firmly said that GST would be implemented from July 1 and preparations are in full swing for its smooth launch of historic tax reforms.
“GST is scheduled to roll out on July 1, 2017. The Central Board of Excise and Customs (CBEC) in coordination with the State Governments have increased their outreach programmes so as to reach the last trader,” a Finance Ministry statement said on Tuesday.
Revenue Secretary Hasmukh Adhia also tweeted, “The rumours about GST implementation being delayed are false. Please do not be misled by it.”
The Ministry said also that preparations are in full swing for a smooth implementation of the landmark reform GST from July 1.
The GST Council, chaired by Union Finance Minister Arun Jaitley and comprising State counterparts, had over the last three weeks decided tax rates on over 1,200 goods and 500 services and fitted them in either of 5, 12, 18 or 28 per cent slab.