As the GST Council meets here to finalise issues before the Goods and Services Tax is implemented from July 1, industry lobby CII said on Sunday that Indian industry is ready for the rollout of the pan-India indirect tax regime.
“GST is the most significant indirect tax reform introduced in the country since Independence,” Confederation of Indian Industry (CII) Director General Chandrajit Banerjee said in a statement here. The GST will replace the existing myriad central and state levies on goods and services.
“GST has been finalised after a collaborative and consultative approach and we look forward to its introduction,” he added. Read more
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