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Sunday , 20 August 2017
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GST Council forms 18 groups to sort out industry worries

The GST council has set up 18 sectoral groups to interact with various sectors like telecom, banking and export to sort out their issues.

These sectoral working groups consists of senior officers from centre and state and they will interact and examine representations received from trade and industry.

Also the group will highlight specific issues for the smooth transition of the respective sector to the goods and service tax.

“These 18 sectoral groups representing various sectors of the economy and containing senior officers of the Centre and states are being set up to ensure smooth implementation of GST by timely responding to the issues and problems of their respective sectors,” a finance ministry statement said.

The other sectors which would be looked in to by the group include IT and ITes, textile, gems and jewellery, food processing, e-commerce ,oil and gas, Pharma and MSME.

The officials of these sectoral groups will deal with the issues of the respective sectors.

“Concerned industry groups/associations or even individual industry representatives may approach the respective sectoral group officers with their problems relating to GST implementation who, in turn, will try to guide and help them in resolving the same,” the statement said.

This will help in dealing with most of the sectoral problems and issues at the regional/local level.

The GST council chaired by union finance minister Arun Jaitley have already decided on tax rates for goods and services under various sectors to be levied under new tax regime from July 1.

 

 

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