Govt keeping an eye on GST implementation regularly: Meghwal

Image
Press Trust of India New Delhi
Last Updated : Sep 02 2017 | 2:48 PM IST
The government is monitoring implementation of the Goods and Services Tax (GST) regularly and teething issues are being resolved immediately, Minister of State for Finance Arjun Ram Meghwal said today.
Some technical issues with regard to tax payment have come to light and GST Network (GSTN) was directed to resolve them, he added.
Authorities are also keeping a tab on impact of GST on prices of various commodities. According to the minister, a team of 180 officials and 30 ministers is on the job.
"They are getting feedback from various districts and towns and trying to assess what kind of procedural difficulties businesses are facing. Procedural issues are sorted out by tax authorities as and when they arise," he said at an event organised by PHD Chamber here.
GST -- touted by Prime Minister Narendra Modi as 'Good and Simple Tax' -- was rolled out on July 1.
On GDP growth, he said manufacturing was hit in June because of destocking in light of GST implementation from July 1.
The growth slumped to a three-year low of 5.7 per cent during April-June -- lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
Meghwal, however, expressed hope that economic growth will pick up in the next quarter.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 02 2017 | 2:48 PM IST

Next Story