GST Execution from July 1 a Challenge for Industry

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GST Execution
GST Execution from July 1 a Challenge for Industry

The government is working overtime to roll out the goods and services tax regime from July 1 and has held several workshops and seminars to familiarise traders and the industry about the new indirect taxation structure.

Implementing GST from July 1 will be a challenge for the industry and the government should consider relaxing penal provisions for a couple of quarters to help it comply with the new tax regime, Assocham said today.

The government is working overtime to roll out the goods and services tax regime from July 1 and has held several workshops and seminars to familiarise traders and the industry about the new indirect taxation structure.
“Implementing GST from July 1 will definitely be a challenge for the industry there could be people making genuine mistakes.

I would say the department should be softer in the first quarter or two because it is going to be a learning process,” Assocham President Sandeep Jajodia told PTI in an interview.

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