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GST switch-over set for June 30 midnight, govt prepared: Arun Jaitley

GST switch-over set for June 30 midnight, govt prepared: Arun Jaitley

"There will be a brief function of about one hour where the Prime Minister and President will speak on the subject and there are two short films on the subject of GST which have been prepared for this event", Arun Jaitley said.

The launch event will in all probability start at 11 pm on June 30 and extend into midnight, coinciding with the rollout of the Goods and Services Tax (GST) regime, official sources said.

Jaitley said he anticipated, over the medium and the long term, that improved tax collection under the GST would cause revenues to grow, and the spending capacity of India's federal and regional governments would increase. Now, all state governments except Kashmir and Kerala have ratified the act, said Jaitely. Originally, the launch of GST, which has been in works for over a decade, was to be done from Vigyan Bhawan - the largest convention centre in the national capital that has hosted majority of the meetings of the GST Council. "There will be short-term challenges in the switch over". The strict GST filing timetable will apply from September.

Talking about GST-prepareness of the country, he said it will be measured not on July 1, but in August when the returns will be filed. Industry and trade will have to prepare themselves. "It's not a complicated process", he said.

Congressman Scalise Upgraded to Serious Condition, Showing Improvement: Hospital
Officials confirmed the list to the New York Times and also said that Hodgkinson had pictures of the ballpark on his cell phone. Griner remained hospitalized at MedStar Hospital after getting shot in the ankle, and Sava described her in good condition.

"We have been saying for the last six months it would be July 1 - nobody has any business not to be ready", Jaitley told reporters. "Nobody had any business not to be ready", he added.

The anti-profiteering provision of GST has been a point of contention between the government and traders.

Speaking about the anti-profiteering laws that were recently cleared by the GST Council on Sunday, Jaitley said that the clause in GST is a deterrent which is not meant to be used unless forced to.


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