Finance Minister Arun Jaitley and his ministry officials on wednesday presented to the Council of Ministers a blueprint for launch of the path-breaking GST from July 1 to transform the Indian economy. Revenue Secretary Hasmukh Adhia made a detailed presentation to the Council - the supreme executive organ headed by Prime Minister Narendra Modi -
on how the Goods and Services Tax (GST) will be implemented and the challenges before it is rolled out. The biggest tax reform since Independence, GST has been in the works for more than a decade. It will transform the USD 2 trillion economy and market of 1.3 billion people into a single economic zone with a single national sales tax.