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Mon, 20 Nov 2017

Northeast Today

We Will Implement GST on July 1: Mizoram Finance Minister

We Will Implement GST on July 1: Mizoram Finance Minister
June 29
17:24 2017

Mizoram Finance and Taxation Minister Lalsawta on Thursday said the state would implement the Goods and Services Tax (GST) with the rest of the country on July 1, the date set for rolling out the new tax regime.

Lalsawta said though the officials were working on a war footing to be able to roll out the GST, the state may “initially face some challenges to fully implement the new single tax regime.”

“Not only Mizoram and the Northeastern states, many other states would have initial hiccups in the implementation,” the minister said.

“The GST will reduce inflation and help the government to increase its tax collection through more efficient system of tax regime,” he said.

-PTI

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