Film Industry- GST Row: Pressure Will Not Work, Jaitley

Union Finance Minister Arun Jaitley told film industry that it cannot arm-twist the government through media to reduce tax on cinemas under the GST regime. He was replying to Kamal Hassan’s criticism.
Film Industry- GST Row: Pressure Will Not Work, Jaitley

New Delhi: Days after actor Kamal Haasan slammed the government for its proposal to bring film industry into 28% tax category under Goods and Services Tax (GST), Finance Minister Arun Jaitley firmly said that using media to pressurise government will not make any difference.

Meanwhile, Jaitley in an exclusive interview given to a national channel said, “We will look at each and every representation. But using the media as propaganda to pressurise the government is not going to work. We won’t be arm-twisted.”

He said that the total average of entertainment tax was 29.1 percent, while it would only be 28 percent under GST.

The film industry that was protesting against the proposed GST received support from Kamal Haasan last week when he sought to lower tax under GST.

Speaking then, Kamal also said that, “We should remember this is not East India Company. We see this as a big punishment for our industry, we are requesting the government to reduce the tax slab. ”

Taking offence at the proposal to charge cinema the same tax rate as ‘sinful’ items like alcohol and tobacco products, he said, “Cinema is my life…. I am offended that cinema has been put under the sinful category.”

Haasan said it was a wrong idea to club Bollywood movies, which have a budget of crores of rupees, and regional cinema, often produced on shoestring budget, in the same tax slab. “Regional cinema is the strength of Indian cinema. We need to maintain this diversity. We cannot bring monoculture. When industry cannot afford such high tax rate, it will collapse,” he warned.

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  1. June 19, 2017

    […] See Also: Film Industry- GST Row: Pressure Will Not Work, Jaitley […]

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CM Directs Officials To Create Awareness About GST

The Chief Minister K Chandhrashekar Rao instructed officials to create awareness amongst common people and business community about GST by organizing camps and conferences
CM Directs Officials To Create Awareness About GST

Hyderabad: Taking a proactive approach, Chief Minister of Telangana K Chandhrashekar Rao instructed officials concerned to organize awareness camps and conferences across the State to create awareness amongst the people and businessmen over the newly introduced Goods and Services Tax (GST) by the Centre. He directed the officials to hold conferences on July 5th, 6th and 7th in 91 Circles under the Commercial Taxes Department.

The CM held a review meeting on the affects of GST here on Monday at Pragathi Bhavan. He asked the  officials to clarify doubts raised by the traders, businessmen and general people on the GST and also inform them on how the GST is implemented, how much tax one should pay on what turn over etc.

“The Centre has decided to implement the GST across the country. All states have to implement it and we are also implementing it. There are divergent opinions on whether implementation of the GST is profitable or not and who will suffer the loss? There is a need to get clarity on these issues. There are some plus points on the implementation of the GST. Businessmen whose annual turnover is below ₹20 Lakh need not pay any tax. For those having a turnover between ₹ 20 to ₹ 75 Lakh, the tax is only one percent. This is a positive aspect. This should be informed to the people and awareness should be created on the actual form of the GST and remove fears and apprehensions. Suggest to the small traders how to do their business in accordance with law. Chief Secretary, Commercial taxes Commissioner, Finance Secretary and other senior officials should personally go and clarify the doubts. Prepare a comprehensive note on the GST and circulate,” the CM instructed.

The review meeting also deliberated on whether  the GST is good for the State, is it profitable or loss? Will it burden the people with tax and what will be its affect on the state’s revenue? The officials pointed out that since Petrol, Diesel and excise are exempted from the GST; the GST will have no adverse affect on 50 percent of the State’s revenue. And the remaining 50 percent revenue, the government will get back. Since the Centre has to give the State its share in the increased revenues, the State’s allocation in the Centre’s funds will increase. On an average, the State will get about ₹ 2,000 to ₹ 3,000 Crore more income per year. However, to understand the GST affect, one has to wait for the third quarter, the officials explained to the CM.

TRS Parliamentary Party leader K Keshav Rao, Government’s Chief Advisor Rajiv Sharma, Chief Secretary SP  Singh, Senior officials  S Narsing Rao, Ramakrishna Rao, Sri Anil Kumar, Somesh Kumar and senior officials from the Commercial department participated.

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GST Launched in Style

The historic legislation GST has been launched by President and prime minister at midnight Friday.

New Delhi: President Pranab Mukherjee and Prime Minister Narendra Modi have launched Goods and Services Tax (GST) in the Central Hall of Parliament at the stroke of 12 in the midnight of Friday-Saturday.

“One India, One Tax is here. It is a tribute to India’s unity and its maturity. GST is a path-breaking legislation,” Pranab Mukherjee said.

The president introduced the GST, and congratulated everybody that made the historic bill possible. He spoke of his own contribution to the mega effort.

“The 14-year journey has ended tonight. As a finance minister, I introduced the constitutional amendment bill in 2012,” recalled Mukherjee.

Prime Minister Narendra Modi said the GST would secure India’s future. It is a turning point for India. It is the result of combined efforts of all the governments. It will improve business efficiency. It is not an achievement of any one government, Modi said.

“This place has seen many noble leaders. The central hall reminds us of December 9, 1946 when Pandit Nehru, Maulana Abdul Kalam, Sardar Patel and many other stalwarts first assembled in this hall. The Independence was celebrated here. I think there cannot be a better place to launch a momentous reform of this magnitude. The reform goes beyond economy,” said Modi.

The best brains of the country had contributed to the GST, as we see it today. It is the symbol of cooperative federalism. It is the example of the power of team India, he said. He congratulated the GST Council and every person who has made his or her contribution.

Modi quoted Chanakya to justify the GST. He spoke of Patel’s efforts to unite the country.

GST will remove confusion. Today India is being integrated economically. Albert Einstein said the most difficult thing to understand is income tax. If he were to be here today one may wonder what he would have said, Modi said. This system will reduce corruption and encourage honest business. We are moving to innovative tax regime, he said.

Modi said the GST would simplify taxation. GST will bring India together, emphasized Modi. He said the GST would uplift the poor.

Modi referred to Lokmanya Bala Gangadhar Tilak’s Gita Rahasya. He described GST as “Goods and Simple Tax.” He spoke of Pranab Mukherjee’s efforts at every stage.

President Pranab Mukherjea arrived at the Parliament House at 11 pm. Prime Minister Narendra Modi has welcomed the president. National anthem was played. The anthem was played at the end as well.

 

Important Moment In Journey

Finance Minister Arun Jaitley welcomed the gathering.

“It is an important moment in the journey of the great nation in the process of making history. We are ushering in Goods and Services Tax ( GST) which will make India ‘One Nation & One Tax.’ It will lead to India where the centre and states work together in the GST Council,” Jaitley said.

Jaitley said President Pranab Mukherjee had been one of the pioneers of the reforms for which efforts started 15 years ago. We have pooled our sovereignty, he said.

Jaitley acknowledged the contribution of Yeshwanth Sinha and others. The GST council has met 18 times. There was no need for voting even once, although there are representatives of various political parties. Everyone rose above petty politics. The main idea is that there should be no tax over tax. Tax avoidance will be made difficult, he said.

Jaitley said the finance ministers of the states have worked day and night. He thanked all the persons who made GST Launch possible by this day.

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GST: It Will Never Succeed: Modi Before Becoming PM

The Congress party has released old video tapes in which Narendra Modi opposed the GST when he was Gujarat CM.

New Delhi: Just hours before roll out of GST, the Congress party on Friday tweeted undated old clips of Narendra Modi saying “GST can never be successful” and its implementation is “impossible” without the requisite infrastructure.   It was Narendra Modi before he became prime minister. He later explained that he opposed the GST in 2013 and earlier because as a manufacturing State Gujarat stands to lose. Modi is seen opposing GST in the videos, on the ground that the new tax system cannot be implemented without proper infrastructure in place.

The Congress party which decided to abstain from the Tryst with GST in the central hall of Parliament at midnight, tried to make a point by releasing the old videos.

Congress said: “Modi ji, how quickly you forget your own words. Why are you rolling out GST without developing the proper infrastructure.”

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Hours Ahead Of GST Launch, Congress Still Peeved

The decision of Congress and other opposition parties to boycott the launch of GST as they want to make the hiccups in the implementation of GST a big issue like they tried during demonetisation and failed.

New Delhi: While the ruling BJP wants to make the historic launch of GST a memorable event, few opposition parties, including Congress, have decided to boycott the midnight launch. They are basing upon the calculation that GST would be a massive disaster.  As there is still confusion prevailing over GST, the opposition parties want to take advantage of the discontent amongst people- from traders to common man.

From Congress vice president Rahul Gandhi to West Bengal Chief Minister Mamata Banerjee, they have  only negative things to say about GST, forgetting that during UPA it was they that tried to bring ‘one nation, one tax’ system.  On the whole, all the opposition leaders seem to be believing that GST will have a severe negative impact.

Meanwhile, Union Finance Minister Arun Jaitley, reacting to boycott of the launch by Congress and other opposition parties, told a Television Channel that Congress had adopted a narrow attitude. “Such narrow attitude will not stop the nation,” said Jaitley, adding, “Congress had the opportunity to rise above politics.”

“Congress has taken a fringe position, a position taken by fringe parties. Congress needs to think whether it wants to take a fringe position or mainstream position on issues of national interests,” Jaitley said.

However, Congress has already started preparing a background to get the sympathies and support in case the launch of GST leads of inflation and unemployment. It feels GST would lead to harassment of small traders and businessmen “because it is being implemented in haste”.

It maintains that the “midnight tryst with GST” is a “publicity stunt” by the ruling BJP. Former Union minister Anand Sharma, while addressing the media on Thursday, had indicated Congress’ intent.

He said Congress could not be a party to such a “tamasha”. “The publicity gimmick is merely for taxation purpose,” he said.

The Congress leaders alleged that the Centre was seeking to raise GST launch to the level of the functions associated with freedom struggle and independence. Only three-midnight functions have been held in Central Hall of Parliament in the past – August 14, 1947 (eve of independence), 1972 (silver jubilee of independence) and 1997 (golden jubilee).

Congress is peeved that the “tryst with GST” is being equated with first Prime Minister Jawaharlal Nehru’s famous speech “Tryst with Destiny”.

To sum up, Congress wants to make GST an issue like demonetisation, which utterly failed. Since most of the essential goods are on the lower rung of the taxation slab, the masses who are the real voters might not feel the pinch. The middle classes would definitely feel the pain, but will they travel with the opposition parties is the question.

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Congress Not To Attend GST Launch Meet

The Congress party which has been mulling over whether to attend the launch celebration of Goods and Services Tax (GST) on Friday has decided not to attend it.

New Delhi: The Congress finally decided not to attend the Goods and Services Tax (GST) launch celebrations which will be held on Friday in the Parliament. According to party leader Satyavrat Chaturvedi, revealing the news said “the Congress will not attend the special GST meeting on GST implementation.”

On Wednesday, it was reported that Congress president would meet former Prime Minister Manmohan Singh on Thursday to decide whether to take part or not.

Meanwhile, Manmohan Singh was invited as a special guest- which meant he would share the dais with President Pranab Mukherjee and Prime Minister Narendra Modi. This is a catch -22 situation for Congress.

Trinamool Congress chief and Chief Minister of West Bengal and Dravida Munnetra Kazhagam (DMK) have already announced that they would not be attending the event. The DMK leaders felt that it was just another important legislation and there is no need to show off.

The Nationalist Congress Party, Bahujan Samaj Party, Samajwadi Party and Rashtriya Janata Dal have called meetings of their respective party leaders on Thursday, to finalise their strategies.

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To Be Or Not To Be… The Dilemma Of Opposition Parties Over Attending GST Launch

Led by the Congress, the opposition parties one after the other are expressing their inability to attend the launch meet on June 30th midnight. The Congress expressed objections over PM launching it instead of the President.

New Delhi: As the stage has been set to implement Goods and Services Tax (GST) from July 1, the government planned a GST inaugural meet at Parliament Central Hall on June 30th midnight. While almost all parties are expected to participate in the meet, a Congress party spokesperson said that it would announce its decision on whether to participate or not. However, Trinamool Congress made it clear that it would not attend, while CPI (M) too expressed a doubt.

On Wednesday, the Congress party objected to the invitation, which says that Prime Minister Narendra Modi will launch the biggest tax reform in India’s history. It argued that it is the President who must do the honours.  More: GST To Be Launched In Midnight On June 30 In Parliament: Jaitley

The invite, sent by Parliamentary Affairs Minister Ananth Kumar, for the function in Parliament’s Central Hall, says PM Modi will launch GST in the presence of President Pranab Mukherjee.

How can the Prime Minister launch GST in the presence of the President? This is not done and it is unacceptable,” said Congress spokesperson Randeep Surjewala.

There were reports that the Congress will announce its decision on Wednesday regarding this issue. He said that a high-level meeting would be held on Thursday and a decision would be announced later.   More: Amitabh Bachchan To Promote GST

The Union Finance Minister Arun Jaitley said that former PMs Manmohan Singh and Deve Gouda were invited to participate in the historical programme. He also suggested to Congress party not to do politics over the new tax regime launch programme.

Meanwhile, the Congress party alleged that while the Congress proposed GST to liberalise the tax system, Modi government is trying to broaden the tax terrorism.

Trinamool Congress too will skip the government’s mega midnight launch on Friday.

CPI (M) leader Sitaram Yechury, who had earlier this week confirmed that his party would attend the government’s function to launch GST, asked on Wednesday, “why the hurry?”

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GST To Be Launched In Midnight On June 30 In Parliament: Jaitley

All States passed State GST Law except Kerala and Jammu And Kashmir.

New Delhi: In the midnight June 30-July 1, Central Hall of Parliament will witness ‘Tryst With Destiny’ movement of 1947 vintage. The GST will be launched by the NDA Government at midnight.

Addressing Press Conference in New Delhi, Union Finance Minister Arun Jaitley said that President Pranab Mukharjee, Vice President amid Hansari, Former Prime Ministers Manmohan Singh, Deva Gowda, and PM Modi will attend the function.

On Mid night of August 14-15, when India got Independence, from British a epical function was held at Central Hall when the then Prime Minister Jawaharlal Nehru gave famous speech” TRYST WITH DESTINY”.

Jaitley said that exactly at mid night of June 30th, GST will be launched in the presence of all members of Parliament, State Finance Ministers, States Chief Ministers and officers who empowered role in GST.

Jaitley praised UPA Government for announcing GST in 2006 and introducing Constitutional amendment in 2011. He said the GST Bill was passed by all the States except Jammu & Kashmir and Kerala where it will be passed very soon.

PM Modi and President will have a short speech on that day with two short films on GST will be screened at Central Hall. They will make short speeches on that day. Two short films on GST will be screened at Central hall on that occasion.

1 Response

  1. June 28, 2017

    […] On Wednesday, the Congress party objected to the invitation, which says that Prime Minister Narendra Modi will launch the biggest tax reform in India’s history. It argued that it is the President who must do the honours.  More: GST To Be Launched In Midnight On June 30 In Parliament: Jaitley […]

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Amitabh Bachchan To Promote GST

Bollywood star Amitabh Bachchan will be promoting through a documentary the GST which is slated to come into operation on July 1st.
Amitabh Bachchan To Promote GST

New Delhi: As the government gears up to implement the sweeping tax reform Goods and Services Tax (GST) from July 1, it has roped in Bollywood star Amitabh Bachchan to promote it. The GST will be inaugurated by Prime Minister Narendra Modi at the midnight of June 30-July 1.

The Central Board of Excise and Customs is preparing to make the 74-year-old Bachan brand ambassador for GST. A 40-second video featuring him has already been shot and is being circulated.

See Also: Kamal Haasan Threatens To Quit If GST On Films Is Not Slashed

“GST – An initiative to create a unified national market,” the finance ministry said in a tweet, attaching the video.

In the video, Bachchan explains GST as a unifying force just like the three colours in the national flag. GST is an initiative to create ‘one nation, one tax, one market’, he says.

The megastar has been roped in just as the rollout of the biggest tax overhaul since independence entered its final phase.

Ace badminton star PV Sindhu was previously the GST ambassador.

GST will simplify a web of taxes, regulations and levies by subsuming an array of central and state levies including excise duty, service tax and VAT.

See Also: Film Industry- GST Row: Pressure Will Not Work, Jaitley

It is being dubbed as the most significant economic reform since BJP government came to power in 2014 and is expected to add as much as 2 percentage points to the GDP growth rate.

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TTD Prasadam Exempted From GST

The richest shrine in the country, the Tirumala temple takes up many service activities with the revenue it gets, hence the GST Council decided to exempt prasadam from GST.

New Delhi: The Goods and Services Tax (GST) Council decided to exempt laddu prasadam and human hair at the Tirumala Tirupati Devasthanams (TTD) from the tax net on the request of Andhra Pradesh government.

Finance Minister of AP, Yanamala Ramakrishnudu who attended the 17th GST Council meeting reportedly said that as the TTD is a reputed religious trust involved in services of lakhs of devotees on a regular basis, it should be exempted from GST registration.

According to a leading daily, the Council has also reduced the originally proposed GST rates on agarbathis, biogas and cashew nut from 12% to 5%.

This move came after, TTD requested the Centre to exempt the ingredients that it purchases for making laddus and other prasadams from GST.

Another report earlier said that the TTD had also requested that items used for pooja and serving pilgrims at choultries, guest houses, besides the sale of human hair and other revenue sources of the temple board also be exempt from tax.

TTD had already been granted immunity under VAT by the State government.

If the GST was imposed an annual additional burden on TTD would have been ₹ 70 crores the accounts department of TTD said.

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GST Council Finalises Tax Rates, Gold Tax At 3 Percent

The GST council has finalised tax rates for six goods including gold and footwear. The new tax system will come into force on July1.
GST Council Finalises Tax Rates, Gold Tax At 3 Percent

New Delhi:  Finally the Goods and Services Tax Council fixed the tax for gold and giving relief to middle classes it has taxed the yellow metal at 3 percent and biscuits at 18 percent. A nominal rate of .025 percent will be imposed on rough diamonds.

Last month, the GST Council had put 1200 goods and 500 services in the four tax brackets of 5, 12, 18 and 28 percent.  The GST regime will be rolled out from July 1.

On Saturday, the Council decided on tax rates for six goods including footwear, textiles, biscuits and gold. The Council was presided over by Finance Minister Arun Jaitley and comprised his State counterparts.

It was decided to put footwear below Rs 500 in the 5 percent tax bracket, while the rest would be taxed 18 percent. Presently, footwear priced from Rs 500-1000 attracts 6 percent excise duty. Apart from this States also levy VAT.

While solar panels and packaged food items will be taxed at 5 percent, beedis will be taxed at 28 percent and tendu leaves at 18 percent.

Natural yarn will be taxed at 5 percent, while manmade yarn will be taxed at 18 percent.

The Council at its 15th meeting took up for discussion the remaining goods for taxation on Saturday. It approved the transition and return rules earlier in the day.

GST, to be rolled out from 1 July, will unify 16 different taxes and make India a single market. The next meeting will take place on 11 June.

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Kamal Haasan Threatens To Quit If GST On Films Is Not Slashed

Superstar Kamal has threatened to quit the film industry if the proposed GST is not halved to 12-15 per cent instead of 28 per cent on entertainment sector.

Chennai: Actor Kamal Hassan demanded that the Centre lower the GST rate for the film industry to at least half. While welcoming the GST on entertainment industry, he criticized the government for slapping it with heavy tax. Addressing a press conference in the film chamber at Chennai on Saturday, he said the regional film industry would take a severe beating as a result of the Centre’s decision.

“I would be forced to quit my profession, if the tax is not slashed to about 12 to 15 percent,” the actor threatened. Saying that he cannot afford the tax pegged at 28 percent, he said he would have to quit the industry under the new circumstances.

The new tax regime would ruin the industry, he observed. Expressing anguish over the way the tax imposed, he wanted to know whether there was East India Company or the government (at the helm).

The prestigious GST will come into force from next month.  For the entertainment industry, the tax will be replaced by a single 28 per cent slab.

1 Response

  1. June 19, 2017

    […] See Also: Kamal Haasan Threatens To Quit If GST On Films Is Not Slashed […]

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GST Rates Finalised, Luxury Items To Cost More

After the GST regime comes into force on July 1st, cars, personal care items and hotel food will cost more. Health and education to be exempted.

New Delhi: Tax rates for services under the Goods and Service Tax (GST) regime were finalised on Friday by the GST Council. GST regime is scheduled to be rolled out from July 1.

Both goods and services fall under four rates- 5, 12, 18 and 28 percent. While Healthcare and education will be exempted from GST the tax bracket for gold was not finalised.

While milk, fruits and vegetables, grain and cereals have been exempted from the tax, sugar, tea, coffee and edible oil will be taxed the lowest rate of 5 percent.

Personal-care items will be taxed at 28 percent; hair oil, soaps and toothpaste, will attract an 18 percent levy. Cigarettes will attract a tax of 5 percent on top of the peak GST rate of 28 percent.

Vehicles already attract different levies, which add up to 28 percent — the peak GST rate fixed for the sector.  Appliances such as air-conditioners, refrigerators and washing machines will attract the peak rate, which is slightly higher than the existing tax slab.

Addressing the media, Finance Minister Arun Jaitley said, restaurants with Rs. 50 lakh or below will face 5 percent tax, while the non-AC restaurant will face 12 percent tax. AC restaurants and those with a liquor license will be charged 18 percent and 5- star hotels will be levied 28 percent GST.

Telecom and financial services will attract GST of 18 percent and 28 percent tax will be charged for race club, betting and cinema halls.

Religious travel including Haj Yatra, travelling on the metro, a local train will be exempted from GST.

The council will meet again on June 3.

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President Clears Four GST Bills

The bills included Central GST (C-GST), Integrated GST (I-GST), Union Territory GST (UT-GST) and the Compensation to the States Law.

New Delhi:  The four Goods and Services Tax (GST) Bills passed by the Parliament last week were cleared by the President Pranab Mukherjee on Wednesday.   The groundbreaking bill is said to end all indirect taxes and bring them under one umbrella is all set for roll out on July 1, 2017.

While Lok Sabha passed them on March 29, Rajya Sabha cleared them on April 6. On March 20 the central Cabinet approved them.

The bills included Central GST (C-GST), Integrated GST (I-GST), Union Territory GST (UT-GST) and the Compensation to the States Law.

The C-GST Bill allows the central government to levy and collect tax on intra-State supply of goods or services or both. Meanwhile, the I-GST Bill allows the central government to levy and collect taxes on the inter-state supply of goods or services or both.

While UT-GST is similar to the States GST (SGST) that would be levied and collected by States/ Union Territories on the intra-State supply of goods or services or both.

The Compensation Bill as mentioned in the name itself provides compensation to States for loss of revenue due to the implementation of GST for a period of five years.

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Rajya Sabha Passes Landmark GST Bill

The Finance Minister Arun Jaitley responding to the debate on the bills said that no one person or government can or should take credit for this bill.

New Delhi: Decks are cleared for GST to become law on Thursday, as the Rajya Sabha passed all the four GST Bills without any amendments. As the last parliamentary hurdle has been cleared, the government will be able to rollout the landmark Goods and Services Tax Bill which is an unified tax regime on July 1st as scheduled.

The four Bills included Central Goods and Services Tax Bill, 2017, the Integrated Goods and Services Tax Bill, 2017, the Goods and services Tax (Compensation to States) Bill, 2017 and the Union Territory Goods and Services Tax Bill, 2017.

The Finance Minister Arun Jaitley responding to the debate on the bills said that no one person or government can or should take credit for this bill.

The Lok Sabha approved the Bill last month. It is the turn of the State Assemblies to consider and pass their respective State GST (SGST) law.

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ICAI to train 15 lakh traders in GST Basics

Hyderabad: The Institute of Cost Accountants of India is to train some 15 lakh traders across the country in next one year in GST Basics, CMA Manas K R Thakur, National President has said.

Speaking to mediaperons here today, Thakur said there were some 22 lakh indirect tax assesses in the  country now and once GST is implemented, the number will increase up to 70 lakh. “The government wants us to train traders and new assessees in familiarizing them with filling in forms and so on. So far, we have trained 400 people. We are creating a pool of trainers, who would train others on the fundamental aspects of the Goods and Services Tax (GST), expected to come into force in the near future, Thakur said.

“Union Ministry of Corporate Affairs has appointed a task force to develop methods for ease of doing business in India. Currently in the list of 194 nations, India stands at 130.  It is government’s endeavour to see that our rank reaches within the 50 limit. ICAI is the member in this task force”, Thakur informed. Ministry of Railways has appointed ICAI to do activity based cost accounting. This will enable Railways Account Process better, he informed.

Dr PVS Jagan Mohan Rao, Central Council Member and Dr R. Chandra Sekhar, Secretary and Chairman — Coaching Administration were also present. (nss)

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GST Should Be Implemented From July 1st: Shaktikanta Das

New Delhi: According to Economic Affairs Secretary Shakthikant Das, GST will be implemented in all States by July 1st. All States have agreed for implementation date for the goods and Service Tax (GST) a according to Das.

Draft compensation bill for GST was approved by Council members at the meeting held on Feb 18th, which has to be passed by Parliament.

Government is waiting for draft approval of cGST( Central GST), iGST(Integrated GST) and sGST ( State GST) before the Parliament session which starts on March 9th for second half of budget as these four enable GST Constitutional amendment.

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