A very significant time period has arrived as the GST is approaching at a fast pace towards the Indian taxation system. In this maintenance, the GST Council finally took a reformative step towards the redressal of various industry bodies by setting up a total 18 sectoral groups aimed to listen and resolve any particular issue stuck towards the GST roll out.
These 18 sectoral groups comprises of senior officers from centre and states which can understand the issues and make out resolution as soon as possible for the troubling industries like exports, banking and telecom etc. the group will also be responsible for the resolution of any particular issues in order to make the transition smooth and hassle free for the specific sector and will also assist in the sector specific draft guidance.
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The finance ministry in a statement cleared that, “These 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.”
There are various sectors which are seeking some resolution through GST council for their problems, including IT and ITes, textiles, gems and jewelry, food processing, e-commerce, oil and gas, pharma and MSME. The statement also added that “Concerned 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 main agenda fo this initiative is to help the aching sectors and assist them in dealing with the emerging issues at least possible geographical area or at local regional level.
