Countdown begins for GST execution, Government issued Notification

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The time has come to launch most awaited GST – goods and services tax. Government has done all the preparations to start this new tax system. A notification regarding the roll out has been released and from tomorrow midnight that is from 1st July, 2017, the new tax regime will be functional.

A special program has been organized which will be held at Central Hall of Parliament. The programme will be attended by all the important personalities of the country like President Pranab Mukhrejee, PM Narendra Modi, Finance minister Mr. Arun Jaitley, all senior ministers and bureaucrats.

Speaking about the GST finance minister Mr. Jaitley said that as per the amendments approved by the parliament in last year, government is given time till 15th of September, 2017 to change the existing indirect tax system with GST. It means there is no possibility of delaying nation’s biggest economic reform.

GST is one of the major, plus most affecting changes in the tax system of India. There is possibility of a GST crises that is why a ‘war room’ has also been setup to deal with the crises on 28 June.

Central Board of Excise and Customs (CBEC) chief Vanaja N. Sarna said that the division will act rapidly on questions of central and state bureaucrats regarding any concern associated to GST. The unit will work for 15 hours form 8 A.M to 10 P.M to make things work properly and quickly.

Here are more specialties of the war room:

A feedback and action room is also set up by the Finance Ministry especially for government officials. The officers can approach it in case of imperative questions related to problems in their respective zones.

The room is equipped with latest technology computers, phone lines and team of young technical officers to provide assistance to executives in solving the queries.

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