GST Set For June 30 Midnight Launch At Special Parliament Session

Asked about industry bodies, small and medium enterprises, not being prepared for the switch over to GST, Jaitley said the date of rollout has been announced well in advance and so “nobody had any business not to be ready”. Besides, additional time has been given in the initial period for filing of the results, thus giving enough time to prepare for the transition, he said. On the anti-profiteering clause in the GST law, he said the provision has been made as a deterrent which is not intended to be used unless forced to.

[jwplayer AaxgaP5n-xe0BVfqu] Asked about industry bodies, small and medium enterprises, not being prepared for the switch over to GST, Jaitley said the date of rollout has been announced well in advance and so “nobody had any business not to be ready”. Besides, additional time has been given in the initial period for filing of the results, thus giving enough time to prepare for the transition, he said. On the anti-profiteering clause in the GST law, he said the provision has been made as a deterrent which is not intended to be used unless forced to.