New Delhi: With the Goods and Services Tax (GST) regime all set to roll out from July 1 onwards, Prime Minister Narendra Modi on Monday emphasised on keeping the maximum focus over cyber security in the IT systems linked to the new taxation mechanism.
In a review meeting to take stock of the preparedness of the new taxation system's launch, Modi, according to official sources, specially reviewed aspects related to IT preparedness, HR readiness, training and sensitisation of officers, query handling mechanism, and monitoring.
The Prime Minister described GST as a "turning point" in the country's economy and called it an "unprecedented" moment for the nation's history.
He said that the creation of the one-nation, one-market and one-tax system would greatly benefit the common man.The GST, for whose roll-out a law was enacted last year, will overhaul the indirect tax regime in the country.
The meeting, which lasted for over two-and-a-half hours, was attended by Finance Minister Arun Jaitley, and top officials from the Ministry of Finance, the Prime Minister's Office (PMO) and the Cabinet Secretary P K Sinha.
Modi 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, a statement issued by the PMO said.
He was informed that GST systems such as IT infrastructure, training of officials, integration with banks, and enrolment of existing taxpayers will be in readiness well in time for the July 1 implementation date, official sources added....