GST from 1st July 2017

gst-from-1st-july-2017Goods and Services Tax (GST) will be rolled out from 1st July 2017. With a big launch on the midnight of June 30, Parliament’s historic Central Hall will host an hour long function on the nation’s biggest tax reform, GST. President Pranab Mukherjee, Prime Minister Narendra Modi,  former prime ministers Manmohan Singh and HD Deve Gowda, apart from Vice-President Hamid Ansari and Lok Sabha Speaker Sumitra Mahajan will attend the function.

Briefing media, Finance Minister Arun Jaitley said, tax reform might face short-term challenges but in the long run it will check evasion. He also said that SGST has been approved by all states barring J&K and Kerala and if they fail to pass before July 1, it will be their loss.


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