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PM Modi holds preparatory meeting for GST roll out on July 1

Prime Minister Narendra Modi reviewed the preparations for the rollout of the Goods and Services Tax (GST) regime from July 1 and said it will be "a turning point" in the country's economy.

Describing it as an "unprecedented" moment in the country's history, he said the creation of the one-nation, one-market and one-tax system would greatly benefit the common man.

He took stock of various elements involved in the rollout and directed the officials that maximum attention be paid to cyber-security in IT systems linked to the GST, the Prime Minister's Office (PMO) said in a statement.

The GST, for whose rollout a law was enacted last year, will overhaul the indirect tax regime in the country.

The meeting, which lasted for over two-and-a-half hours on June 5, was attended by Finance Minister Arun Jaitley, and top-most officials from the Ministry of Finance, the PMO and the Cabinet Secretary.

The prime minister said the implementation of GST from July 1 is the culmination of the concerted efforts of all stakeholders, including political parties, trade and industry bodies, the statement said.

He described the GST as a "turning point for the economy, unprecedented in history", the PMO said. During the course of the meeting, the prime minister specifically reviewed aspects of implementation such as IT readiness, HR readiness, training and sensitisation of officers, query handling mechanism, and monitoring, the statement said.

He was informed that GST systems such as IT infrastructure, training of officials, integration with banks, and enrolment of existing taxpayers will be in readiness well in time for the July 1 implementation date, it added.


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