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Industry prepared for GST rollout from July 1: CII

IANS  |  New Delhi 

As the Council meets here to finalise issues before the Goods and Services is implemented from July 1, industry lobby said on Sunday that Indian industry is ready for the rollout of the pan-indirect regime.

"is the most significant indirect reform introduced in the country since Independence," Confederation of Indian Industry (CII) Director General Chandrajit Banerjee said in a statement here. The will replace the existing myriad central and state levies on goods and services.

"GST has been finalised after a collaborative and consultative approach and we look forward to its introduction," he added.

The agenda of the meeting here currently underway includes discussion on postponing the requirement for filing returns under the GST as the IT infrastructure required for it is not yet ready.

said it is organising over 100 workshops across the country to enable enterprises to comply with the new regulations. The workshops are expected to reach out to around 5,000 enterprises. A helpline has been established where participants can request for clarifications, it said.

An awareness campaign has also been launched to inform industry about the processes related to GST, the statement added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, June 18 2017. 14:20 IST