Economy

GST Council forms 18 sectoral groups

Our Bureau New Delhi | Updated on January 12, 2018 Published on June 09, 2017

gst

The Goods and Services Tax (GST) Council has constituted 18 sectoral groups for ensuring smooth transition into the new tax regime.

The 18 groups pertain to sectors such as banking and insurance, textiles, exports, information technology, transport, and oil and gas.

“These 18 sectoral groups containing senior officers of the Centre and the States are being set up to timely respond to the issues and problems of their respective sector(s),” the Finance Ministry said on Friday.

The new levy kicks in from July 1 and the government is hopeful that the sectoral groups will help in dealing with most of the issues at the local and regional levels.

The GST Council chaired by Finance Minister Arun Jaitley will be meeting on June 11.

Published on June 09, 2017
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