Our Finance Minister, Mr. Arun Jaitley, in his Budget Speech, did not
elaborately discuss the road map of GST. However, he did indicate that
the passage of the Constitutional amendment bill for GST and progress of
its implementation is a “Tectonic Policy Initiative”.
While briefing the house on the benefits of GST, he said, “the
advantages of GST for our economy in terms of spurring growth,
competitiveness, indirect tax simplification and greater transparency
have already been extensively discussed in both houses of Parliament. I
thank all members of both the Houses for having passed the Constitution
Amendment unanimously”. He also thanked the State Governments for
resolving all relevant issues in the GST Council. This is a clear
indication from the Finance Minister that major hurdles to GST
implantation are cleared from the GST Council.
