Monday, 30 January 2017

There will be no job losses in tax dept due to GST

Finance Minister Arun Jaitley has sought to address concerns of job loss from reduced work of tax officials and said that they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime. Commenting on the issue, Finance Minister Arun Jaitley told the media, "I see no reason really for disquiet for the simple reason (that) opportunities which are available to people in service and the matter of policy and constitutional guarantee are all protected." 

“Only the nature of activity will change because there will be one national sales tax replacing an array of central and state levies like excise duty, service tax and VAT,” he added. "Important changes and evolutions which take place are never put on the back burner" just because the people who conduct the activity would now have to work in an altered form and environment, he said.

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