NEW DELHI: Like India’s tryst with destiny on the midnight of August 15, 1947, the government is planning to roll out the goods and services tax from the central hall of Parliament on July 1 after all the states came on board on Sunday for the most ambitious tax reform initiative since Independence.
Government sources said a mega launch for GST+ is planned, where the focus is on ensuring that consumers gain from the initiative+ through lower incidence of taxes as the cascading effect of multiple taxes — from central excise and VAT to service tax and entry taxes — is done away with.
Although the original plan was to launch the initiative, which has been in the works for over a decade, from Vigyan Bhawan, which has been home to a majority of the meetings of the GST Council comprising Union and state finance ministers, other options such as the central hall are also being explored, where state leaders will also be invited, said sources.
We don’t have the luxury of time to defer the implementation of GST. The Council decided categorically it will be implemented from July 1 onwards,” finance minister Arun Jaitley said after a GST Council meeting on Sunday, where rates for all goods and services were fixed and almost all the rules were finalised.