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All states agreed on July 1 GST rollout: Kerala Finance Minister

All states agreed on July 1 GST rollout: Kerala Finance MinisterNew Delhi, June 3 (IANS) All states have agreed on the rollout of the Goods and Services Tax (GST) on July 1, the GST Council announced even as the Council's 15th meeting continued here on Saturday to finalise the rate fitment of the remaining six items, including gold.

"All the states have agreed on the implementing of GST from July 1," Kerala Finance Minister Thomas Isaac told reporters here during a pause in the GST Council meeting that will reconvene Saturday afternoon.

He also said that the Council was yet to take up the fitment of the remaining 6 items, including gold, textiles, footwear, biscuits and beedi, in the four slab tax rate structure.

 

The fitment of 1,211 items was decided at the Council's previous meeting held last month in Srinagar.

Earlier this week, West Bengal Finance Minister Amit Mitra had voiced serious doubts about the preparedness of the industry for GST by July 1.

Union Finance Minister Arun Jaitley, who heads the GST Council, had on Thursday asked industry to fall in line as there will be no change in the date of implementation of the new indirect tax regime.

"First time in the country the consensus on indirect taxation was created through federal institution. In the Srinagar meeting of the Council, ministers of almost all states who spoke to me were absolutely clear on maintaining the July 1 date. We are in a state of preparedness for July 1," he told a media conference here.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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All states agreed on July 1 GST rollout: Kerala Finance Minister

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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