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Showing posts from July 1, 2019

Birthday Wishes: Industry Wants It Simpler and All-Encompassing

Next Growth Level Industry associations CII and Ficci call for a single central registration process against the current procedure at both the Centre and state levels. Indian industry bodies have pitched for a GST 2.0 with fewer slabs and more sectors including oil and gas, electricity and real estate with simpler registration and filing processes on the two-year anniversary of the introduction of the goods and services tax."GST 2.0 will take the Indian economy to the next growth level,ā€ said Confederation of Indian Industry (CII) President Vikram Kirloskar. The industry also pressed to bring in all sectors under GST. ā€œThe most critical action would be to ensure ā€˜one nation, one taxā€™ by including all sectors under the ambit of GST,ā€ said the Federation of Indian Chambers of Commerce and Industry (FICCI) . The CII also echoed this calling for the inclusion of electricity, oil and gas, real estate and alcohol under GST ā€œat the earliestā€ to allow for seamless availability of ...