more businesses to come into GST fold
GST rates will not be revised unless there is an anomaly or rates are unjustified, said CBEC chief
round of FAQs to clarify GST issues
submitted their report. The law committee is examining the reports, Sarna said. “We are not looking to dismantling these working groups and they would assist the industry in the problems they face in the GST regime,” she said.
REVISION IN RATE
Sarna said GST rates will not be revised unless there is an anomaly, or the rates are unjustified.
The comments follow textile traders’ demand for abolishing 5% GST on textiles. Surat textiles traders called off their two- week-long strike following the Centre's assurance to look into their demand of rollback.
“It is an issue that has snowballed, but it is not something which cannot be settled,” Sarna said. “The issue is that textile sector is taxed for the first time. So, anybody who comes into the net would feel the pinch,” she said. Sarna said CBEC has received representations from textile traders and is looking into any issue they may be facing.
She said industry still has time to present its wish list.
Source: The Economic Times