GST: 10 groups set up under senior taxmen to examine issues and report by April 10
By Team Legistify / 2017-03-28

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NEW DELHI: As India gets ready for its biggest tax reform in decades, industries such as ecommerce, banking and insurance, logistics and others will get another chance to resolve any niggles they have with the goods and services tax (GST), which the government wants to put in place by July 1.

Ahead of the introduction of GST-related legislation in Parliament this week, the government has set up 10 groups to iron out sectoral issues faced by trade and industry to ensure a smooth transition to the new regime with just a little over three months to go. The President gave his assent to the four GST laws last week, paving the way for their introduction in Parliament. The groups have been set up under senior tax officials to examine the concerns of industry and submit reports by April 10.

A senior government official told ET that most issues have been addressed through feedback but it was felt some sectors having special peculiarities needed a closer look to ensure they were able to make a glitchfree shift to GST.

The sectors up for review include banking, finance and insurance, telecom, exports, IT/ITeS (information technologyenabled services), transport and logistics, textiles, MSMEs (micro, small and medium enterprises), oil and gas, gems and jewellery, and services received and provided by the government.

Groups to Focus on Procedures, Rate Structure

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