State FMs to meet trade, industry representatives on GST

With the stage set for the Goods and Services Tax (GST) roll out from April 1 next year, the State Finance Ministers would be meeting the representatives of trade and industry on August 30 to sort the issues concerning registration of entities and intra-company services.

The Empowered Committee of State Finance Ministers on the GST, headed by West Bengal Finance Minister Amit Mitra, will meet representatives of the CII, FICCI and Assocham, among others.

Revenue Secretary Hasmukh Adhia has already held meetings with 10 sectors, including telecom, IT/ITeS, banking, e-commerce and tourism, to understand their concerns.

Also, a special session of Gujarat and Chhattisgarh Assemblies will be convened from August 22 to ratify the Constitution Amendment Bill on GST.

A two-day special session of the assembly will be beginning in Gujarat tomorrow.

GST will be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout the country to replace taxes levied by the central and state governments.