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GST Council forms 18 groups to sort out industry worries

To effect a smooth transition to the indirect tax regime, GST council has set up 18 sectoral groups with senior officers from the Centre and the States to sort out the issues brought to attention by sectors like telecom, banking and export in a time-bound manner.

The groups will examine the representations received from trade and industry associations/bodies of their respective sectors.

Also, the groups will highlight specific issues for the smooth transition of the respective sector to the Goods and Services Tax (GST) regime and prepare sector-specific draft guidance.

"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 into by the group include IT and ITes, textiles, gems and jewellery, food processing, e-commerce, oil and gas, pharma and MSME.

"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 exercise will help in dealing with most of the sectoral problems and issues at the local/regional level, it added.

The Council in its 14th meeting on May 18-19 decided to set up these sectoral groups to better understand industry concerns as India moves towards the GST, which will subsume 16 different taxes including excise, service tax, VAT and other local levies.

 


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