GST Council clears 18 sectoral groups for smooth transition to new regime

The Goods and Services Tax (GST) Council has approved setting up 18 sectoral groups to ensure timely responses for sector-specific issues that will help in a smooth transition to the new indirect tax regime. These eighteen sectoral working groups consist of senior officers from the Centre and states and they will interact and examine representations received from trade and industry associations of their respective sector. The constitution of the 18 sectoral groups was decided in the 14th meeting of the GST Council held on May 18-19 in Srinagar.

The officials of these sectoral groups will deal with the issues and the problems of the respective sectors they represent. Concerned industry groups or associations or even individual industry representative(s) may approach the respective sectoral group officers with their problems, if any, relating to GST implementation who, in turn, will try to guide and help them in resolving the same. This exercise will help in dealing with most of the sectoral problems and issues at the local/regional level,” said a finance ministry statement.The 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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