"Builder must have paid the service tax (4.5 per cent) and VAT (1 per cent) against that invoice, and so can't charge additional tax in the name of GST", said Vikrant Singh Shishodia, a real estate consultant.
Indian opposition vowed Friday to boycott the launch of the government's new national tax, adding to the strain ahead of the country's biggest ever fiscal reform.
Coming down heavily on those criticising four different tax slabs and advocating a single tax rate under GST, Jaitley said there are people who have not seen poverty and that's why they are insensitive and making anti-GST statements.
Vehicle dealerships across the country were taking time to adjust to the new regime, with some saying they had not received revised prices under the GST and could not record any sales billings. While launching the new tax reform, Modi said, "The GST has united country the way Sardar Patel had done post-independence".
"Since August past year we have put forward our demands on GST but the government has never responded", national secretary general Vijay Prakash Jain told AFP.
"I had always believed that GST was a matter of time and was happy when it was enacted and I gave assent to the Constitution amendment previous year", he said.
But many businesses were nervous about how the change will unfold while smaller establishments staged strikes saying they would get hit by higher tax rates.
"GST will free the common man from tax terrorism and inspector raj".
Giving due credit to his allies, opponents and detractors, he maintained, "GST could be crystallized not due to one person or party but due to the collective efforts of all the statesmen".
It's not just aam aadmi on the streets who are struggling to answer the full form of GST, even Uttar Pradesh Minister Ramapati Shastri too failed to spell out the full form.
PRIME MINISTER NARENDRA MODI, appealing to citizens for understanding amid confusion on the first day of the GST.
Implementation of GST has increased the prices of sports equipment and tickets of sports events by increasing their tax by 12%-28%. It will also help eliminate black money and corruption because of the transparency it seeks to bring in, he said. "This is not an achievement of one party or one government but work of all governments and parties", he declared.
The midnight ceremony was also attended by India's central bank chief, a former prime minister and major company executives.