GST

Constitution of Sectoral Groups on GST to ensure smooth roll-out of GST

Constitution of Sectoral Groups on GST. The Goods and Services Tax (GST) Council has constituted 18 groups to ensure smooth roll-out of GST

Press Information Bureau 
Government of India
Ministry of Finance

04-August-2017 17:12 IST

Constitution of Sectoral Groups on GST 

The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST.

The Council has received reports from sixteen out of the eighteen sectoral groups. The GST Law Committee comprising of officers of the Central and State Governments have drafted guidance notes based on these reports for some of the sectors.

The eighteen sectoral groups are as follows –

i Banking, Financial and Insurance Sector

ii Telecommunication

iii. Exports including EOUs and SEZs

iv. IT/ITES

v. Transport and Logistics

vi. Textiles and Footwear

vii MSMEs, including job work

viii Oil and Gas (upstream and downstream)

ix. Gems and Jewellery

x. Services received and provided by the Government

xi. Food Processing Sector

xii. E-commerce

xiii Big infrastructure (Airports & Sea ports including Maintenance, Repair and Overhaul, Power Sector, Housing, Construction and Highways)

xiv.  Travel and tourism

xv. Handicrafts (Exports)

xvi. Media and Entertainment

xvii. Drugs and pharmaceuticals

xviii Mining

Each sectoral group has obtained feedback from the trade and industry and also held meetings with the various stakeholders and various JS level nodal officers from various ministries. The contact details of the co-conveners of the sectoral groups were also placed in the public domain for members of the trade to send their representations. Based on the inputs received, the sectoral groups have prepared their reports on the basis of which, the Law Committee has finalized Frequently Asked Questions on eight sectors, namely Handicrafts, Mining, Drugs & Pharmaceuticals, e-Commerce, Food Processing, MSME, Exports and Textiles, which clarify several issues/apprehensions of the sectors of industry. These FAQs have been released in public domain.

This was stated by Shri Arun Jaitley, Union Minister for Finance in written reply to a question in Lok Sabha today.

*****

 DSM/SBS/KA

Share

Recent Posts

  • Empanelment

NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm

NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm North Eastern Regional Institute of Science and Technology, (NERIST)…

1 day ago
  • Empanelment

Sibsagar University invites EoI for Appointment of Internal Auditor for 01.08.2024 to 31.03.2026.

Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor  Sibsagar University invites Expression of Interest (EOI) from reputed…

1 day ago
  • Income Tax

Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional

In a recent judgment Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.…

1 day ago
  • consumer-protection

Compensation to borrower upheld as bank did not verify construction progress before loan disbursals to builder

Bank was liable to pay compensation to borrower as it did not verify the progress of construction before loan disbursals…

2 days ago
  • Prevention of Money Laundering Act 2002

No timeline mentioned in PMLA to forward arrest order & material in possession to Adjudicating Authority

No timeline mentioned in PMLA to forward the arrest order and the material in possession to the Adjudicating Authority. It…

2 days ago
  • Income Tax

Release of seized assets if mandatory on completion of 120 days? Question referred to Larger Bench

Whether the release of seized assets is mandatory upon completion of 120 days –High Court refers the case to a…

3 days ago