Finance Minister Arun Jaitley today said that government is working on a target date of 1st of April, next year for the rollout of Goods and Services Tax. In his opening remarks at the fourth Meeting of the Parliamentary Consultative Committee in New Delhi, Mr Jaitley said, so far the government is following the road map for implementation of GST as per the schedule.<br/><br/> He said, the first meeting of the GST Council was held in a very cordial and constructive environment. Finance Ministry said, the GST Council is a joint forum of the Centre and the States. The Council will take decisions on important issues like tax rates, exemption list and threshold limits. <br/><br/>Members of Consultative Committee sought various clarifications with regard to GST Law and gave suggestions for its better implementation. It said, some of the major suggestions include need for absolute clarity and transparency with regard to where taxes will be collected, assessed and where the appeal will be filed in case of GST regime.<br/><br/> Some of members suggested there is a need for launching a large scale awareness campaign especially for small traders as most of them are still unaware of the complex procedures and processes under the GST regime including registration and filing of returns. <br/><br/>The members hoped that this law will bring relief to the common man by exempting certain essential items from GST and moderate rate of taxation on other items which will bring down the prices of common man consumption items as well as cost of living at large.