Government is ready with the backup infrastructure for roll out of the Goods and Services Tax (GST), Economic Affairs Secretary, Shaktikanta Das said at an ASSOCHAM meeting recently. He is hopeful that the Constitutional amendment bill for the most important tax reform would be passed by Parliament in the current session.
Addressing the Managing Committee meeting of the ASSOCHAM in New Delhi, the Economic Affairs Secretary said "I am sure Parliament will appreciate the advantages of GST...we hope it will be passed in the current session."
He said on its part the Government is ready with all the backup to roll out the new tax regime but it could be done not only after its passage by Parliament but also its ratification by at least half the number of the State Assemblies.
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