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Dual control issue resolved, July 1 likely date for GST: Jaitley
Highlights
Declaring that the Centre and the states have agreed on a formula to resolve the issue of dual control under the proposed Goods and Services Tax regime, Union Finance Minister Arun Jaitley on Monday said the coming July 1 appeared to be a \"more realistic\" option for implementing GST instead of the earlier targeted rollout date of April 1, 2017.
New Delhi: Declaring that the Centre and the states have agreed on a formula to resolve the issue of dual control under the proposed Goods and Services Tax regime, Union Finance Minister Arun Jaitley on Monday said the coming July 1 appeared to be a "more realistic" option for implementing GST instead of the earlier targeted rollout date of April 1, 2017.
Jaitley said the time required from now to finalise the GST draft legislation and rules and its passage by state legislatures meant postponing the earlier implementation target date.
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