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