GST to be launched on June 30 midnight in Parliament

GST Launch On June 30 With Special Midnight Session In Parliament

GST Launch On June 30 With Special Midnight Session In Parliament

"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.

Ending months of debate and deliberation, the Goods and Service Tax (GST) will see the light of the day on June 30 midnight when the government rolls out the new tax regime.

The GST council, that brings together the central and state governments, has met 17 times to thrash out how the tax will work.

GST being a more efficient system will also result in better tax compliance, the finance minister stressed.

"The GST council has categorically chose to implement GST on July 1 " said Finance Minister. MPs, Chief Ministers and state finance ministers are being invited, ' said Finance Minister Arun Jaitley. President Pranab Mukherjee, Vice-President Hamid Ansari, Prime Minister Narendra Modi, Speaker Sumitra Mahajan and former prime ministers Manmohan Singh and H D Deve Gowda will be among those present at the event. The size of the formal economy would also increase.

In Georgia, a cacophony of arguments could tilt House race
The Atlanta Journal-Constitution newspaper reported that Ossoff's Republican opponent, Karen Handel , also condemned the ad. Georgia's 6th district encompasses much of suburban Atlanta and until recently was considered a shoe-in for Republicans.

Reacting on the speculations of GST rollout's impact of the economic growth and GDP, the finance minister confessed that "in short term, there will be some challenges in switchover".

"All GST Council decisions have been taken through consensus".

Earlier, he had said that companies will be allowed to file late returns for the first two months so that they can adapt to a new online-filing system. "Process of registrations is going on well", he added.

Jaitley said that most states had accepted the amendments made to the act and had already paved way for its implementation. "Kerala govt will pass SGST this week", Jaitley told reporters during a press conference.

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