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GST bill passing with unanimity is quite significant: Arun Jaitley

Union Finance minister Arun Jaitley expressed satisfaction of the GST bill clearing the Rajya Sabha hurdle. Jaitley was upbeat that the bill was unanimously passed in the upper house
New Delhi: Union Minister for Finance and Corporate Affairs Arun Jaitley addresses a press conference in New Delhi on Aug 4, 2016. (Photo: Amlan Paliwal/IANS)

A day after the unanimous passage of the Goods and Services Tax bill by the Rajya Sabha, a relieved Union finance Minister Arun Jaitley, who had called the press conference, said once the GST rolls out, doing business in India will be easier and help a large body of traders and citizens. “There was a public anxiety, almost an exasperation, over the delay,” he said. “That’s now over,” he added. He further added: “One of the most significant aspects is that the GST bill was passed with unanimity.”

Revenue Secretary Hasmukh Adhia has  said April 1, 2017 will be the target date for the roll-out of this pan-India indirect tax regime. Making a presentation before the media here, Adhia said the government hoped that all the required bills connected with the GST roll-out will be taken up for passage during the winter session of parliament.

“By December 2016, all the back-end and front-end IT systems required for GST are expected to be ready, followed by testing,” the revenue secretary said, adding that some 60,000 officers will be trained pan-India, even as wide outreach programme will be launched for trade and industry.

IANS

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