I can only assure you that there is no reason for disquiet, you can go and have a comfortable sleep tonight,” Jaitley told the revenue officials.
Opposing some recent decisions taken by GST Council, various indirect tax officials’ associations today decided to start non-cooperation movement.
“It is important that the Goods Services Tax (GST) must be implemented before the September 16 however we would want it to get implemented by April. It is necessary to implement it before 16 April.”
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.