With GST now a near certainty, is Industry adequately geared up to meet July 1 timeline?

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aditya.nadkarni... aditya.nadkarni@taxsutra.com's picture
With GST now a near certainty, is Industry adequately geared up to meet July 1 timeline?

The 4 Central GST Bills have been passed by Rajya Sabha without any amendments; thus, paving the way for rollout by July 1. The draft Rules have also been released for public comments and are likely to be finalised by the GST Council during its meet on May 18-19. It is further expected that migration to GSTN of all assessees would be completed by April 30. The Govt. also plans a mega public outreach from next week. However, is the Industry adequately geared up for the rollout or should the date be pushed to September 1?