(file photo)The Goods and Services Tax (GST) is set for a big launch on the midnight of June 30 at a function inside the Parliament’s Central Hall. 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. On June 18, when asked whether the date of rolling out the GST will be deferred, Jaitley said: there was no “luxury of time to defer the implementation” of GST. The GST Council had earlier decided to relax the deadline for filing of returns for the first two months following GST’s rollout. The formal transition to the indirect tax regime is being billed as the biggest reform of its kind in independent India.

Source: Indian Express June 20, 2017 07:14 UTC