The Central Board of Excise and Customs, in exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017, has notified the Central Goods and Services Rules 2017.
The definitional clause finds place in the first chapter. The Rules, in the second chapter, contain provisions regarding intimation, effective date, conditions and restrictions, validity and rate of tax of the composition levy. The third chapter lays down comprehensive provisions for registration.
Meanwhile the Cabinet Secretary Shri P.K.Sinha today took a detailed review of the preparedness for the roll-out of Goods and Services Tax (GST) from 1st July 2017. In a Review Meeting attended by the Secretaries of 30 Ministries/Departments of the Central Government connected with GST, and video conferencing with CMDs/CEOs of about 167 Central Public Sector Undertakings (CPSUs) under their administrative control, the Cabinet Secretary asked all those involved to take full responsibility of their respective stake-holders, and ensure the successful implementation of the GST.
The Cabinet Secretary Shri Sinha expressed his satisfaction over the preparedness of different Ministries and CPSUs for the roll-out of GST w.e.f. 1st July 2017. However, he asked them that they should leave no stone unturned for its effective and smooth implementation by educating and involving all the stakeholders concerned.