The
Central Board of Excise and Customs (CBEC) Chairman Najib Shah is
confident the Goods and Services Tax (GST) Constitutional Amendment Bill
will be passed in the monsoon session of Parliament. The GST will see
rapid movement towards being enacted in the next few months, he told
newspersons.
“We are prepared for GST. We are putting up a robust IT system and
the administrative structure is in place to take care of changes
consequent to the law. We are in various stages of preparedness. We have
some lead time,” he said.
“It has been a long process and we are reaching the end of a long
wait. The GST involves consensus building and should address the
concerns of various partners,” he told newspersons after inaugurating
the office of the Indirect Tax Ombudsman.
The CBEC is engaging with state governments on the draft law and
discussions are in the final stage. The whole process of consensus has
to take place. The Empowered Committee is likely to meet in mid-June and
after it gives its approval to the draft law, it will be in the public
domain.
Once the Constitutional Amendment Bill is passed, it has to be passed
by State governments and then we will have a GST law. Thereafter,
responses of the public will be taken up and changes wherever required
will be made. Thereafter, it will have to be passed by the respective
State governments and Parliament for the draft to become a law, he said.
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