Rediffmail Money rediffGURUS BusinessEmail

Govt to announce GST implementation road map on Aug 4

August 03, 2016 23:01 IST
Source:PTI

Work has to be done on a war footing from now to implement the GST regime.

With Rajya Sabha approving the long-delayed GST bill, the government will on Thursday announce the implementation road map for the national sales tax regime, Revenue Secretary Hasmukh Adhia said.

"It is only end of a beginning. The real work starts now," he said. "We will announce implementation road map tomorrow."

Stating that work has to be on war footing from now on, he said, "We want to implement it as soon as possible."

In the biggest tax reform since Independence, the national sales tax or GST Bill was today approved by the Rajya Sabha to replace a raft of different state and local taxes with a single unified value added tax system to turn the country into the world's biggest single market.

The 66-year-old Constitution, which gives power to Centre to levy taxes like excise, and empowers states to collect retail sales taxes, was amended though the 122nd Constitution Amendment Bill.

The legislation was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate.

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

GST Rajya Sabha Hasmukh Adhia Upper House Bill

WEB STORIES

5 Drinks For Weight Loss In Winter

10 Reasons To Watch Vidaamuyarchi

How To Handle A Child Who Is Lying

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email