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GST to Rollout on July 1; Two Slabs For Lottery, Hotel Rooms

The GST Council on Sunday unanimously agreed on July 1 rollout of the Goods and Services Tax despite some pending issues, with Union Finance Minister Arun Jaitley saying that India does not have the "luxury of time" to defer implemention of the new indirect tax regime.

"The GST Council categorically agreed on the implementation of GST from July 1," Jaitley told reporters here after the penultimate meeting of the Council before the single pan-India GST is officially rolled out on the midnight of June 30, replacing the existing myriad central and state levies on both goods and services. 

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