No reason to defer GST roll-out: FM

Jaitley said there could be initial troubles but it would actually lead to expansion of assesses and taxpayer base.

Goods and Services Tax (GST) is a simplified indirect tax regime and there is no reason to postpone its scheduled roll-out on July 1, Finance Minister Arun Jaitley said.
 
All the procedural matters regarding its roll out are being decided and registrations are taking place at a fast pace, he said.  
 
Recently, the West Bengal Finance Minister has raised serious doubts over the feasibility of GST roll-out. However, Jaitley said there could be initial troubles but it would actually lead to expansion of assesses and taxpayer base. 
 
The GST Council has decided the tax rates for all the goods and services. Its next meeting is scheduled for June 11.  
 
(Source: Agency) 

Add new comment