Terming GST reform as a “game changer”, Cabinet Secretary P K Sinha today said the government is working “overtime” to implement the indirect tax regime from April 1 next year.
The Constitution (122nd Amendment) Bill, 2016, for introduction of the GST in the country was accorded assent by the President on September 8 and the same has been notified as the Constitution (101st Amendment) Act, 2016.
“GST is the biggest game changer. But it is also a challenge. We are working overtime to make it happen from April 1, 2017,” Sinha said at the Chief Secretaries’ Conclave organised by industry chamber PHDCCI here.
Government wants to implement the tax reform from April 1 next year so as to ensure a smooth rollover to the changed tax structure from the beginning of the new fiscal and to avoid mid-year alterations.
Hueiyen Lanpao Manipur Daily 18/09/2016 : http://hueiyenlanpao.com/