GST To Be Rolled Out In July, Will Miss April Deadline, Says Finance Minister

The most important tax reform in decades will roll out in July and not April 1 as planned because of unresolved disputes between the centre and states over taxation powers. The National Goods and Services Tax or GST replaces a jumble of complicated levies and creates one unified market. The GST Council, a decision-making body that combines Finance Minister Arun Jaitley with his counterparts from other states.