Govt to go soft on GST monitoring for a few months, let traders settle down

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There will be some leniency in monitoring and implementation of the new goods and services tax in initial months to allow businesses to settle into the new tax regime, a review of GST preparations by a group of senior ministers was told.

The discussions held on Wednesday saw the ministers being given a presentation of the planning done by the government so far, with officials informing that more than 4,500 meetings had been held all over the country to familiarise traders and businesses with the landmark tax reform.

With the review going over feedback such as lack of internet connectivity in some parts which could affect uploading of data and the sheer novelty of the new measures, the ministers were assured that the government will provide leeway in the initial rollout period.

“The idea is to allow all concerned to understand the operational requirements and we understand that there will be some teething troubles. The government machinery will give time for the system to fall in place,” said a minister.

The government has pointed out that internet connectivity will be tackled where it is a chronic problem but the process of updating records will not be more than a day or two of work for traders. Similarly, the session saw officials point out that reports that GST will need frequent filing are not correct and the system will be more userfriendly as months go by.

Read more at: http://timesofindia.indiatimes.com/business/india-business/govt-to-go-soft-on-gst-monitoring-for-a-few-months-let-traders-settle-down/articleshow/59152090.cms

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