Thursday, July 20, 2017

Taxmen to go slow on GST enforcement for 6 months

New Delhi: Revenue authorities will go slow in undertaking enforcement actions under GST for the first six months as they want industry to settle down into the new indirect tax regime.

Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna said there will be genuine errors due to lack of understanding in the initial days.

Admitting that GST implementation has not been glitch free, Sarna said the CBEC will come out with second round of FAQs to clarify the issues related to GST.

CBEC had constituted 18 sectoral groups to look into various issues faced by different sections of industry.

Of these, three groups have submitted their report. The law committee is examining the reports, Sarna said.

"We are not looking to dismantling these working groups and they would assist the industry in the problems they face in the GST regime," she said.

Source:-Zeenews

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