The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held today at Vigyan Bhavan.
The one day Meeting will also be attended among others by the Finance Ministers of different States and UTs (having elected assembly) being the members of the GST Council.
Main agenda items of the 16th GST Council Meeting include confirmation of the minutes of the 15th GST Council meeting held on 3rd June, 2017, approval of amendments to draft GST Rules and Rate Adjustment, if any, based on the representations received from different trade and industry and their associations.
This meeting will be important in the sense that the GST Law is going to be rolled-out with effect from 1st July, 2017
Recently Prime Minister Narendra Modi took stock of various elements involved in the roll- out and directed the officials that maximum attention be paid to cyber-security in IT systems linked to the GST
The prime minister said the implementation of GST from July 1 is the culmination of the concerted efforts of all stakeholders, including political parties, trade and industry bodies.