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Still looking at July 1 for GST rollout: Arun Jaitley
Amid demands by industry and stakeholders to delay implementation of the Goods and Services Tax (GST) system, Union Finance Minister Arun Jaitley on Thursday said the government is still looking at July 1 date for rolling out the new indirect tax regime. "We are looking at July 1 rollout. If any issues crop up, then the GST Council will address them," Jaitley told reporters here after the four GST Bills were passed by the Rajya Sabha. The Lok Sabha has already passed the draft legislations.
"We are already in a transition phase. There will be some challenges because we are switching to a new regime. Some relaxation will be given in compliance," he said.
The GST Bills will now require the President's approval.