The Goods and Services Tax (GST) is on track for scheduled implementation from 1st of July. Revenue Secretary Hasmukh Adhia said in a Twitter post yesterday that rumours about GST implementation being delayed are false and do not be misled by it. <br/><br/>The Finance Ministry in a statement said preparations are in full swing for a smooth implementation from the Ist of July. It also said the Central Board of Excise and Customs, in coordination with the state governments, have increased their outreach programmes so as to reach the last trader.<br/><br/>The statement came amid murmurs about the IT network's inadequate preparedness to handle a massive 300 crore invoices that would be generated per month and could face teething problems.<br/><br/>The Centre-State GST panel, called the GST Council, has fitted over 1,200 goods and an array of services in the four-tier tax slabs of nil, 5, 12, 18 and 28 per cent and is adjusting demands for change.<br/><br/>The GST Council will probably hold its last meeting on June 18 and any change in implementation schedule would have to be approved at the meeting. The GST is estimated to add 2 to 4 percentage points to the GDP.