Many large companies to move Appellate Authority against GST demand notices
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
SBI Chairman Arundhati Bhattacharya on Friday said the Goods and Services Tax (GST) is not only a financial reform but is a social reform also.
Bhattacharya also said that initially there will be some hiccups and difficulties after implementation of the GST.
"GST is not only financial reform but it's social reform also … Let us not be apprehensive, let us go forward, problems be there, I am sure but I don't think they will insurmountable," she said.
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President Pranab Mukherjee and Prime Minister Narendra Modi today officially launched new indirect tax GST.
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