The finance ministry asked the industry to focus on critical exemptions and IT platform readiness rather than stressing too much on date of GST implementation.
GST is expected to bring in substantial reduction in non-compliance in the trading sector, potentially bringing trading and manufacturing at par and increasing competitiveness.
According to the release, the standing committee of the Rajya Sabha has taken the line that the GST shall rate should not be more than 20 percent and more clarity will be given soon.
GST is expected to bring in substantial reduction in non-compliance in the trading sector, potentially bringing trading and manufacturing at par and increasing competitiveness.
According to the release, the standing committee of the Rajya Sabha has taken the line that the GST shall rate should not be more than 20 percent and more clarity will be given soon.
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