09-Jun-2017

GST Council forms 18 groups to sort out industry worries


The GSTCouncil has set up 18 sectoral groups to interact with sectors like telecom, banking and export & sort out their issues in a time-bound manner for a smooth transition to the new indirect tax regime. These sectoral working groups consist of senior officers from Centre and states and they will interact and examine representations received from trade & industry associations/ bodies of their respective sector. "These 18 sectoral groups representing various sectors of the economy & 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.

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