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Finance Ministry holds talks with industry over GST rollout

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Department of Revenue and Central Board of Excise and Customs (CBEC) have started holding interactive sessions with industry representatives to understand and address the apprehensions and concerns of the various stakeholders about GST and also provide a platform for business to express their views on important aspects of the new system.
 
The three-day consultations started yesterday.
 
Revenue Secretary Dr Hasmukh Adhia along with senior officers of the Department of Revenue and CBEC(Central Board of Excise and Customs) held meetings with representatives of IT and ITES and Transport Sector yesterday and with the representatives of e-commerce and Communications today.
 
“Outcome of the interactions has been very fruitful and productive so far and will help the Government to fine tune and improve the GST law,” the finance ministry said.
 
Senior officials of the Department of Revenue and CBEC are also jointly holding sessions with other sectors such as Financial Services, Civil Aviation, Exporters, Professional bodies like Institutes of Chartered Accountants, Cost Accountants, Company Secretaries and Chambers of trade and industry, like FICCI, CII, ASSOCHAM and PHD among others.
 
More such sessions with trade and industry stakeholders are also being planned in near future, the government said.

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