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Finance Minister Jaitley says race is on to meet GST implementation target

| | Sep 07, 2016, at 08:21 pm
New Delhi, Sep 7 (IBNS): Union Finance Minister Arun Jaitley said on Wednesday that the government is running against time for implementation of the Goods and Services Tax (GST) but is determined to meet the deadline, according to media reports.

He was speaking at the India Summit 2016 organised by The Economist in New Delhi.

GST implementation is expected to begin from April 1, 2017.

"We have kept a very stiff target and the reason is that there is a great national aspiration in support of a reform that GST is, and State after State within a period of 20-25 days have kept on ratifying it because they stand to benefit the most,” the Hindu quoted the minister as saying.

He also said that the procedural formalities of collecting proceedings of all the states and sending it to the President for ratification are on; following the President's assent, the constitution amendment bill will have to be notified.

Image: Arun Jaitley Twitter

 

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