“The Game Changer”, as termed by the Cabinet Secretary P.K. Sinha on 17th September 2016 for the new GST reforms. The government is working on their toes to implement the GST (Goods and Service tax) Bill by the next financial year session starting from 1st April 2017.
In the last financial session the Constitution (122nd Amendment) Bill, 2016, for introduction of the GST in the country was approved by the President on September 8 and hence it has been notified as the Constitution (101st Amendment) Act, 2016.
“GST is the biggest game changer. But it is also a challenge. We are working overtime to make it happen from April 1, 2017,” as told by P.K. Sinha at the Chief Secretaries Conclave organised by industry chamber PHDCCI.
To make sure that everything goes like a smooth rollover to the changed tax structure from the beginning of the new fiscal and to avoid mid-year alterations. The present cabinet ministers are working at their best to ensure the bill gets passed by 1st April 2017.
The Cabinet secretary assured everyone at the gathering that the GST and other path breaking reforms will be implemented as the government will stand steady and will work on the promises they have made.
“A silent revolution is happening and despite teething problems, India would move on to accomplish the objectives and targets set in by the government in all sectors of economic activities with increased participations of all stakeholders to further improve the spirit of governance,” Mr. P.K. Sinha said.
The infrastructural sectors like - roads, civil aviation, energy, conventional and non-convention, power, petroleum and railways - have improved their performance as per their targets.
