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Clear refunds, drawback before GST roll-out: CBEC Chairman

Government intends to implement the Goods and Services Tax from April 1, 2017

Press Trust of India  |  New Delhi 

Clear refunds, drawback before GST roll-out: CBEC Chairman

on Wednesday asked its officials to chalk out action plan for clearing pending refunds and drawback payment for smooth transaction to — the new indirect taxation regime that is to be rolled out from April.

In a communication to top officials, Chairman of Central Board of Excise and Customs Najib Shah said preparations for introducing from the beginning of the next financial year are in full swing with the present focus on timely finalisation of its legal and administrative framework.

"At the same time, it is necessary to continue to focus on reducing the pendency of current items of work as this would have an important bearing on the successful implementation of GST," Shah said.

The pending work relates to adjudication, and payment of refunds, rebates and drawbacks.

"You would agree that too heavy a burden of legacy work regime would hamper us in giving our undivided attention to GUST. The solution, therefore, is to immediately chalk out an action plan to reduce the pendencies to the maximum possible extent in the balance months of the current financial year," Shah said.

The all powerful Council is currently meeting here to decide host of issues, including the rates. This the third meeting of the council headed by Union Finance Minister Arun Jatiley. Finance ministers of all states are members of the Council.

Government intends to implement the Goods and Services Tax (GST) from April 1, 2017. will subsume most of the indirect taxes and make India a common market.

"I am confident that with the suggested focused approach on reducing pendencies, come April 1, 2017 the would be in an ideal position to ensure the success of in the national interest," Shah added.

Clear refunds, drawback before GST roll-out: CBEC Chairman

Government intends to implement the Goods and Services Tax from April 1, 2017

Government intends to implement the Goods and Services Tax from April 1, 2017
on Wednesday asked its officials to chalk out action plan for clearing pending refunds and drawback payment for smooth transaction to — the new indirect taxation regime that is to be rolled out from April.

In a communication to top officials, Chairman of Central Board of Excise and Customs Najib Shah said preparations for introducing from the beginning of the next financial year are in full swing with the present focus on timely finalisation of its legal and administrative framework.

"At the same time, it is necessary to continue to focus on reducing the pendency of current items of work as this would have an important bearing on the successful implementation of GST," Shah said.

The pending work relates to adjudication, and payment of refunds, rebates and drawbacks.

"You would agree that too heavy a burden of legacy work regime would hamper us in giving our undivided attention to GUST. The solution, therefore, is to immediately chalk out an action plan to reduce the pendencies to the maximum possible extent in the balance months of the current financial year," Shah said.

The all powerful Council is currently meeting here to decide host of issues, including the rates. This the third meeting of the council headed by Union Finance Minister Arun Jatiley. Finance ministers of all states are members of the Council.

Government intends to implement the Goods and Services Tax (GST) from April 1, 2017. will subsume most of the indirect taxes and make India a common market.

"I am confident that with the suggested focused approach on reducing pendencies, come April 1, 2017 the would be in an ideal position to ensure the success of in the national interest," Shah added.
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Business Standard
177 22

Clear refunds, drawback before GST roll-out: CBEC Chairman

Government intends to implement the Goods and Services Tax from April 1, 2017

on Wednesday asked its officials to chalk out action plan for clearing pending refunds and drawback payment for smooth transaction to — the new indirect taxation regime that is to be rolled out from April.

In a communication to top officials, Chairman of Central Board of Excise and Customs Najib Shah said preparations for introducing from the beginning of the next financial year are in full swing with the present focus on timely finalisation of its legal and administrative framework.

"At the same time, it is necessary to continue to focus on reducing the pendency of current items of work as this would have an important bearing on the successful implementation of GST," Shah said.

The pending work relates to adjudication, and payment of refunds, rebates and drawbacks.

"You would agree that too heavy a burden of legacy work regime would hamper us in giving our undivided attention to GUST. The solution, therefore, is to immediately chalk out an action plan to reduce the pendencies to the maximum possible extent in the balance months of the current financial year," Shah said.

The all powerful Council is currently meeting here to decide host of issues, including the rates. This the third meeting of the council headed by Union Finance Minister Arun Jatiley. Finance ministers of all states are members of the Council.

Government intends to implement the Goods and Services Tax (GST) from April 1, 2017. will subsume most of the indirect taxes and make India a common market.

"I am confident that with the suggested focused approach on reducing pendencies, come April 1, 2017 the would be in an ideal position to ensure the success of in the national interest," Shah added.

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Business Standard
177 22

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