GST to be implemented on July 1

March 02, 2017 14:49

The Goods and Services Tax Network (GSTN) will comply with the deadline set by the Ministry of Finance regarding the official implementation of the much-awaited GST Bill scheduled for July 1, 2017.

GSTN CEO Prakash Kumar claimed that all necessary arrangements for timely implementation of the GST have been made."The Reserve Bank of India (RBI) had already approved 30 banks for payment regarding the GST. Apart from these banks, the payment can be made via other banks through the National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS)," Kumar told ANI.

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