After reviewing the preparations of Goods and Service Tax (GST) which is to be rolled out on July 1, 2017, Prime Minister Narendra Modi has described the new tax regime as a turning point for the economy. He further said that the creation of one nation, one market and one tax would greatly benefit the common man, asserting that the implementation of GST from July 1, is the culmination of the concerted efforts of all stakeholders, including political parties, trade and industry bodies.
The prime minister took stock of various elements involved in the roll-out, he specifically reviewed aspects of implementation such as IT readiness, HR readiness, training and sensitisation of officers, query handling mechanism, and monitoring. He directed the officials that maximum attention be paid to cyber-security in IT systems linked to the GST.
In the review meeting, which was also attended by finance minister Arun Jaitley, and top-most officials from the Ministry of Finance, the PMO and the cabinet secretary. PM was informed that GST systems such as IT infrastructure, training of officials, integration with banks, and enrolment of existing taxpayers will be in readiness well in time for the July 1 implementation date.