Central Board of Excise and Customs Chairperson Vanaja Sarna said there will be genuine errors due to lack of understanding in the initial days. "CBEC has enforcement authorities and I have specifically said that the first three to six months are a go-slow.... I don't want small cases to be made," Sarna said at a CII event.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains.
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
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