Minister of State for Finance assures; also states that Govt. planning to curtail black money in generation stage
The Prime Minister asserted that small businesses will also gain tremendously from GST
Both would be levied on the same price or value unlike State VAT which is levied on the value of the goods inclusive of Central Excise.
Existing tax payers will not have to apply afresh for registration under GST
Focus on going digital and ‘ease of doing business’