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Dedicated Sectoral group constituted to facilitate transition for MSMEs : GST Council

Updated: Jun 10, 2017 10:19:52am
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Dedicated Sectoral group constituted to facilitate transition for MSMEs : GST Council

New Delhi, June 10 (KNN) Ahead of the implementation of the GST, the GST council recently announced the formation of 18 Sectoral groups to facilitate transition into the new taxation policy. A dedicated group for the MSME among others is constituted in this regard.

The Sectoral groups are formed considering the various sectors of the economy that will be focusing on the issues and concerns of their respective sectors.

These groups will function under the supervision of senior officials from both Centre and State.

The Finance Ministry informed about this decision. It further said that the concerned industry groups, associations and even the individual industry can approach the respective sectoral group officials with the concerns regarding the GST and seek help.

The sectoral groups will help address the problems sector-wise and is expected to be instrumental towards the smooth roll out of the GST.

Other sectors being covered by various groups include IT, textiles, gems and Jewellery, food processing, pharma and e-commerce.

Specialized team with experts from the respective sectors will be taking up the concerns and issues posed by the industry. (KNN/DA)

COMMENTS

  1. zulkharnine sultana
    zulkharnine sultana 12/06/2017 2:32 PM

    THIS IS GOOD NEWS

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