GST
is one of the biggest indirect tax reforms to occur in India. On its way of
economic integration of the country, the Finance ministry is keen to set the
ball rolling as soon as possible and is thus, not leaving any stone unturned
for the successful GST implementation.
Administrative
restructuring is next on the radar to assist in smooth transition from the
current tax regime. Preliminary work on reorganization of field offices of
central excise and service tax has been initiated. The Central Board of Excise
and Customs (CBEC) are gearing up for cadre restructuring of various officials
of central excise and service tax. These officials are expected to take over once
the new tax regime sets in.
The
Government has instructed its officials to provide the annual turnover-wise
assesses list for both Service Tax and Excise. It has also asked field
formations to provide information on the number of State-wise and annual
turnover-wise assesses of value-added tax as well as the existing organizational
structure, appeal and review system for the State levy.
Further,
nodal officers are proposed to be appointed to coordinate with the state
governments in this regard. All this will help the administration to be
prepared for a speedy and smooth implementation of the GST bill once all the
legislative clearances have been taken. The GST bill is likely to come in
effect either from June 1 or September 1
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