Monday, 12 June 2017

GST Council to examine concerns of traders on rates- Free Stock Cash Tips click here -

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The GST Council will examine the concerns of trade and industry regarding the rates and the rollout of Goods and Services Tax (GST) will be implemented from July 1, Union Minister Arjun Ram Meghwal said. "If any trade or business organization feels there's any anomaly in the calculation of rate of tax or fitment formula under GST, they can send their representations.

The government is open (to look at it) if the amendments is in the interest of country, trade and traders. But it is the GST council which is to make a final decision on it," Meghwal, Minister of State for Finance.

He said he will collect the feedback of the trade and industry on GST by June 14 and then submit a report to the BJP national president Amit Shah. To a query on suggestions/feedback received from trade and industry, Meghwal said the common concern among representations was related to SSI sector coming under GST net.

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