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CBEC supports adoption of GST in trade and industry
Jul '17
Central Board of Excise and Customs (CBEC) has extended support for adoption of Goods and Services Tax (GST) in the trade and industry. CBEC will help in the transition to GST and the enforcement machinery will be liberal in execution of the provisions for the initial three to six months of GST implementation, said Vanaja N Sarna, chairperson of CBEC.

CBEC has left no stone unturned to train all its officers, both in the Centre and at the States, before the introduction of GST, said Sarna at the Confederation of Indian Industry (CII) interactive session on GST in New Delhi.

Congratulating the government on the successful implementation of GST, Harishanker Subramaniam, chairman, CII Core Group said, "While such a mammoth task is bound to have its share of glitches and concerns, the key to all such issues is the receptiveness of the Government. The Government has been actively encouraging and facilitation people towards the adoption of the biggest tax reform since independence, with an assurance to have a softer approach towards tax payers during the first few months of implementation."

"We have undertaken a large number of awareness campaigns, which have been widely attended and well received by the tax payers. The CBEC has issued FAQs and formulated sectoral groups, some of which have already come out with their reports. We expect all our officers not only to be well conversant in the GST law and rules, but also be ready to handhold industry in the registration and report filing procedures,” Sarna added.

CBEC has received representations from textile traders, said Sarna. Finance minister Arun Jaitley has assured that the GST Council will look into their demands at the next meeting on August 5. (RR)

Fibre2Fashion News Desk – India

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July 2018

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