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No excuse for not-GST-ready firms: Jaitley
Highlights
Small businesses have been given enough time to prepare for the July 1 rollout of Goods and Services Tax (GST), Union Finance Minister Arun Jaitley said on Tuesday, ruling out any further slippage in the timeline.
​New Delhi: Small businesses have been given enough time to prepare for the July 1 rollout of Goods and Services Tax (GST), Union Finance Minister Arun Jaitley said on Tuesday, ruling out any further slippage in the timeline.
Jaitley, addressing a news conference, said there would be initial challenges after launching the tax, which will require all but the smallest businesses to file three detailed returns online every month.
But, with 6.5 million firms already registered for GST+ and more expected to sign up, there was no excuse for firms not to be ready for what has been billed as the biggest tax reform in India's 70-year history.
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