GST advisory panel receives 700 representations on industry woes
The six member advisory panel formed by the government for simplifying and rationalising the goods and services tax (GST) has received more than 700 representations on problems faced by industry over return filing, the eway bill, input tax credit, and exports.The committee will now meet for the first time on Wednesday to take up these issues, ahead of the crucial GST Council meeting on Thursday in Guwahati.
Some of its recommendations may be taken up by the Council.The panel includes representations from trade and industry.“The government is open to taking feedback from industry and rectifying the anomalies in the law. We are putting in efforts to make the GST industry friendly and will be open to incorporating suggestions by the advisory panel,” said a government official.
The final report of the group will be submitted on November 30 and discussed in the subsequent meeting of the Council.“If the panel comes toaconclusion on certain issues, we may like to meet the finance minister and give interim suggestions that may be taken up in the Council meeting on Friday,” said Praveen Khandelwal, secretary general of the Confederation of All India Traders and a member of the advisory committee
Prime Minister Narendera modi had said on Saturday that for the GST, the government was accepting issues raised by traders and businesses and the council would make the neccessary changes in the next council meeting,including a broader and simplified composition scheme and easier compliance for tax assessees.
The advisory panel will discusss the electronic way bill and may take a view that it should only apply to inter-state supplies and not movements of goods within the state. The Panel will also adddress an irriant arising out norms on e-way bill is vaild for 100 km in 24 hours."Giving a specified time to cover a particular distance is a bit absurd.
We will discuss that as well said another members of the panel on condition of anonymity.Ajay sahai , director general of the Federation of Indian Export Organisations and a member of the advisory panel, said that the integrated GST (IGST)should be extended to exports under export promotion schemes on a post export basis
The Business Standard, New Delhi, 08th November 2017