Budget 2017 Expectations: GST

Claiming that demonetisation has affected country’s growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in case their concerns are not addressed. It termed as “illegal” certain decisions taken by Jaitley-headed GST Council and demanded that they be corrected. It also sought that the officer’s body be consulted before any final decision is taken.