Various ministries, government departments are on high alert for ensuring a smooth implementation of GST.
NEW DELHI: The Constitution (122nd Amendment) Bill, 2016, for introduction of the GST in the country was accorded assent by the President on September 8 and the same has been notified as the Constitution (101st Amendment) Act, 2016.
PK Sinha, Cabinet Secretary, while addressing at the Chief Secretaries’ Conclave organised by industry chamber PHDCCI here said “GST is the biggest game changer. But it is also a challenge. We are working overtime to make it happen from April 1, 2017.”
Government wants to implement the tax reform from April 1 next year so as to ensure a smooth rollover to the changed tax structure from the beginning of the new fiscal and to avoid mid-year alterations.
Calling Goods & Services Tax (GST) Bill considered as a ‘reform- oriented action’ as a “game changer”, Cabinet Secretary P.K. Sinha informed that the government is working “overtime” to implement the indirect tax regime from April 1 next year.
Sinha assured the gathering that the GST and other path breaking reforms that the government has committed to its people will be implemented as promised.
“A silent revolution is happening and despite teething problems, India would move on to accomplish the objectives and targets set in by the government in all sectors of economic activities with increased participations of all stakeholders to further improve the spirit of governance,” he said.