A trader uses a calculator for billing. (Photographer: Sanjit Das/Bloomberg)

States To Reach Out To Traders, Industry To List Out GST Grievances

Tax officers in states and union territories will reach out to trade and industry bodies, micro, small and medium enterprises to understand their issues and grievances relating to the Goods and Services Tax and would place them before the council on Aug. 4.

The Central Board of Indirect Taxes and Customs had earlier this week written to the GST Council secretariat asking them to write to states and union territories asking them to contact MSME taxpayers and their trade and industry associations and collect their grievances related to the GST along with suggestions thereof to mitigate the problems.

The GST Council secretariat has been tasked to compile the suggestions and responses and send to the CBIC, which is the apex body for Indirect taxes, by tomorrow.

Also read: Appliance Makers, Retailers Expect Sales Boost After GST Rate Cut

Also, the director-general (GST) in the CBIC has been asked to collect information from GST zones across the country and report to the GST policy wing in the board.

The 29th GST Council meeting, to be held on Aug. 4, will discuss issues faced by MSMEs and ways to solve their problems.

Finance Minister Piyush Goyal had last week said the next meeting of the council would focus on simplification, rationalisation and relief to small taxpayers.

The council has allowed companies with a turnover of up to Rs 5 crore to file GST returns quarterly. This was hiked from Rs 1.5 crore decided earlier.

Also read: GST Rate Cuts To Add Shine To India’s Consumption Story, Say Economists