Panagariya in favour of GST roll out despite all challenges
April 11, 2017  12:51
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A day after former finance minister P. Chidambaram asserted that any rush to roll out the Goods and Services Tax (GST) by July 1 could prove harmful, Niti Aayog vice-chairman Arvind Panagariya on Tuesday stated that this new tax regime should be implemented as scheduled despite all challenges as progress will take place only after we move ahead in this regard.


"Till date everybody was coming with assertions as to why the GST has not been implemented yet. Now, when it is about to be rolled out then they are saying that the date should be carried forward. So, I think we should definitely move ahead in this regard," Panagariya told ANI.


"This is for sure that there will be growing pains when the transactions take place. But progress will take place only after we move ahead in this regard," he added.


Panagariya, however, admitted that there are challenges ahead because a new system is being created.


"It is a challenge for both the government and the industry," he added.
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