SME Times is powered by   
Search News
Just in:   • Don't wait for last day to file returns, cautions GSTN Chairman  • Presidential polls begin in Mongolia  • PM recalls Emergency, lauds cleanliness initiatives in Mann Ki Baat  • 'SAIL-ArcelorMittal JV deal likely to be clinched next month'  • IDFC names Sunil Kakar as MD and CEO for 3 years 
Last updated: 06 Jun, 2017  

gst-thmb.jpg Modi reviews GST roll-out status from July 1

Modi.GST.9.jpg
   Top Stories
» India, Portugal launch startup hub in first Indian PM visit
» States' fiscal deficit Rs 4,93,360 cr in FY16
» As Modi, Trump meet, all eyes on Washington
» Bank credit rose 66 times in 25 years by 2014: RBI
» Export promotion schemes will continue under GST regime: Teaotia
SME Times News Bureau | 06 Jun, 2017
Prime Minister Narendra Modi on Monday reviewed the status of Goods and Services Tax (GST) roll-out from July 1 and described it as a "turning point" for the economy.

"The Prime Minister asserted 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," an official statement said here.

At a review meeting with officials here, Modi described the GST regime as a turning point for the economy, unprecedented in history.

He said that the creation of 'One Nation; One Market; One Tax' would greatly benefit the common man.

The Prime Minister directed officials to pay maximum attention to cyber-security in IT systems concerned with GST.

The meeting, which lasted for over two-and-half hours, was attended by Finance Minister Arun Jaitley and top officials from the Ministry of Finance, the Prime Minister's Office and the Cabinet Secretary.

In the course of the meeting, the Prime Minister specifically reviewed aspects of implementation such as IT readiness, HR readiness, training and sensitisation of officers, query handling mechanism, and monitoring.

Modi 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.

The GST Council on Saturday completed the exercise of bringing all items under a four-slab tax structure with gold to be taxed at 3 per cent.

The GST Network (GSTN) made a detailed presentation at Saturday's meeting on their IT preparedness for implementation from July 1.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.50
UK Pound
83.40
80.60
Euro
73.45
70.95
Japanese Yen 59.75 57.70
As on 26 Jun, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(31)
» Poor state of state finances(13)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(2)
» Govt. approves subsidy for 2,221 cold storages(1)
» Air India unions warn govt of industrial unrest(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter