Finance Minister Pranab Mukherjee has announced deferment of implementation of the budget proposal of the General Anti-Avoidance Rules or GAAR till April 2013. He said this during his opening remarks on the discussion of Finance Bill 2012 in the Lok Sabha yesterday. Mr. Mukherjee also clarified that the government will remove a provision which puts the onus on the tax payer to prove that there has been no tax avoidance. He said, now the onus would be on the tax officials. The Finance Minister also announced a roll back of the excise levy on all branded and unbranded jewellery with effect from the 17th of March this year. He said, the imposition of Central Excise duty at the rate of one per cent had attracted public attention. Mr. Mukherjee said, the levy was well intentioned and introduced not so much for raising revenue as for rationalising the movement towards Goods and Services Tax. The Finance Minister said that government has also removed the tax deducted at source on sale of property. It had proposed one per cent tax deduction at source, TDS, on transfer of immovable property other than agriculture land, if the sale value exceeded 50 lakh rupees in urban centres and20 lakh rupees in other areas.