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GST - July 1 - Another 'Disruptive' Decision?


GST article

Sir,

Fully agree.

Where is the notified Tariff for all goods aligned with HSN codes ? How industry will determine the HSN codes of their lacks of products, whether finished goods or inputs, in a such short period of a week ahead.

According to my understanding the rate list approved by GST council with HSN codes will not have legal backing unless Tariff with rules for interpretation are notified. If you remember the CET Act 1985 which came into effect from 1.3.1986 was published much much earlier prior to six months or more. How industry will configure the codes in SAP. According to me the clearances of many units are going to be disrupted. Even many rules have not been notified yet. Forget about small businessmen, even large corporates will face difficulty in compliance. Hope the Head is aware of these ground realities.

Jaimini Khurjekar

jaimini_khurjekar jaimini_khurjekar 22/06/2017

 

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