SME Times is powered by   
Search News
Just in:   • Google kills feature to book Uber rides through Maps  • Microsoft buys student video discussion platform Flipgrid  • Macro data relief!  • Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank  • Biggest loan waiver scheme for farmers in Rajasthan: Raje 
Last updated: 07 Jun, 2017  

gst-THMB.jpg Ministries told to set up GST Facilitation Cells

gst-parliament.jpg
   Top Stories
» Govt to spend $1 bn to boost services exports: Prabhu
» Govt releases report on pharma exports to China
» Kovind in Greece, calls for higher bilateral trade
» 'NIFTEM has potential to become Harvard of food processing sector'
» Modi hints at more steps to push growth to double digit
SME Times News Bureau | 07 Jun, 2017
A day after Prime Minister Narendra Modi reviewed the status of the Goods and Services Tax (GST) roll-out, Cabinet Secretary P.K. Sinha on Tuesday asked different ministries to set up GST Facilitation Cells to assist businesses for a smooth transition to the new indirect tax regime from July 1.

"Sinha has asked the Secretaries of the different ministries/departments to set-up a GST Facilitation Cell in their respective department/ministry. Sinha said that the Cell, in turn, shall be in constant touch with the major industry and business associations relating to the respective ministry/department and provide all possible support for the smooth roll-out of GST from July 1," Finance Ministry said in a statement.

"The Cabinet Secretary in a letter to the Secretaries of the different ministries/departments has further mentioned that the GST Facilitation Cell can preferably be managed by a small core team headed by an economic adviser or any other designated officer of the respective ministry/department," the statement said.

He said that while the Department of Revenue is making the helplines operational for any individual taxpayer to seek resolution of any legal or IT related issues, the GST Facilitation Cell, on the other hand, could serve as the first point of contact for addressing any issue being faced by any business or industrial sector related to the respective ministry.

The Cabinet Secretary further added that this would greatly facilitate the roll-out of GST.

In his letter, Sinha has also asked them to ensure that all Public Sector Units (PSUs) under their administrative control are GST-compliant before July 1.

He asked the Secretaries to have meetings with all the chairman and managing directors/chairpersons of the PSUs under their charge in order to sensitise them towards GST roll-out.

Preferably each PSU may constitute a GST Cell, which, in turn, should be fully equipped with the complete knowledge of all the relevant GST Act/Rules/Rate Structure, he said.

"Sinha has further stated that to ensure smooth and successful roll-out of GST, it is essential that all stakeholders, both in the government as well outside, are adequately prepared for the roll-out. Therefore, it is imperative to ensure that all sectors/businesses are GST ready before July 1," it said.

Earlier, Revenue Secretary Hasmukh Adhia had also written to the Secretaries of the different ministries/departments that there is an urgent need for all the central government ministries/PSUs to be made aware of the basic features of GST Law and procedures, including implication in their respective areas of work.

The Revenue Secretary had stated that the PSUs and other entities who are likely to pay GST need to be GST ready.

Adhia had also mentioned that the new scheme of tax administration will have an impact on the work of various ministries/departments including PSUs and other autonomous bodies who are involved in the economic activity in one way or the other, therefore, there is need for a time bound schedule for undertaking GST awareness campaign and training programme for the officials.

The Revenue Secretary stated that National Academy of Customs, Excise and Narcotics (NACEN) has been mandated to conduct the GST training for the officers as well as for the representatives of trade and industry.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 19 Jun, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(27)
» RBI eases NPA norms for MSMEs(1)
» Modi interacts with Digital India beneficiaries(1)
» Modi interacts with young innovators, start-up entrepreneurs(1)
» Exports to China up 40 percent in 2017(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter