No excuse for firms not to be ready for India's GST: Jaitley
New Delhi
INDIAN small business has been given enough time to prepare for the July 1 roll-out of a new national Goods and Services Tax (GST), Finance Minister Arun Jaitley said on Tuesday, ruling out any further slippage in the timeline.
Mr 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.
TRENDING NOW
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
Frasers Property launches Dunearn House condo with prices from S$2,799 psf