(LiveMint)
The GST Council on Sunday paved the way for the implementation of the goods and services tax (GST) starting 1 July, but gave companies more time to file detailed returns for the first two months of July and August.
“We don’t have the luxury of time to defer implementation of GST. The council decided categorically that it will be implemented from 1 July,” finance minister Arun Jaitley told reporters in New Delhi.
The official launch of the GST will be on midnight of 30 June at a function likely to be attended by Prime Minister Narendra Modi and state chief ministers in Delhi. The GST Council will meet on 30 June to take up any remaining issues, including that of e-waybills.
