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Jaitley: People depositing small amounts will not face any problem
Finance Minister Arun Jaitley on Thursday said people depositing small amounts would not face any problem as the revenue department would not take notice of small deposits.
New Delhi: Finance Minister Arun Jaitley on Thursday said people depositing small amounts would not face any problem as the revenue department would not take notice of small deposits.
Speaking here, the FM said he was trying to ensure that requisite replacement currency is available with people at the earliest; and there was no need for people to rush.
He said banks would remain open over the weekend to help people get alternative currency notes.
Jaitley said deposits within exemption limit could be made without any questions being asked, large amounts would face consequences.
He said he hoped to resolve the Goods and Services Tax (GST) issues with consensus.
He said they were trying to implement the GST from April 1; adding that one issue of dual-control left to be sorted out, and they were hopeful of a solution soon.
