GST: Arun Jaitley: System geared up for GST from July 1 - News Summed Up

GST: Arun Jaitley: System geared up for GST from July 1


Small issues will always arise whenever you make a change of any kind. And more importantly, there is a constitutional mandate and that mandate is that on 16th of September, you will lose the right to collect existing taxes. So the alternate system has to come into place. Those who are talking in terms of deferring [GST] by six months and so on, that’s a constitutionally impermissible thing,” Jaitley said.“We have spent so much time in building consensus and fortunately, we were able to build consensus. Central Board of Excise and Customs has also issued a set of guidance for importers and exporters to help them transition to GST changes in GST to give relief to small vendors.


Source: Economic Times June 28, 2017 20:01 UTC



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