The GST Council will be reviewing the implementation of the much talked about Goods and Services Tax on August 5.
The council would also be reviewing the GST levied on some of the items.
“The review meeting of the GST Council would be on the first Saturday of August,” said Vanaja N Sarna , Chairperson, Central Board of Excise and Customs.
“The meeting will take stock of the implementation of the biggest tax reform since independence and also review tax rate with regard to any commodity highlighted by members in the meeting,” she said.
“Various steps have been taken to spread awareness about the new taxation system,” she added, ruling out any glitches in the rollout .
“It is good and simple tax and it is good from all aspects. So, many taxes, 17 taxes going into one is definitely going to get simple,” she said.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
