Finmin Seeks India Inc’s Views on GST Provisions

Finance ministry has sought views of India Inc on firming up provisions with regard to Place of Supply (PoS) rules in five sectors, including e-commerce and banking, for a smooth rollout of the Goods and Services Tax. The ministry has asked industry associations to submit their views on the transitional provisions and core exemptions to ensure hassle free implementation of the new indirect tax regime, a government official told PTI. Since GST s a destination based levy, the tax has to be imposed at the PoS of goods or services. – www.economictimes.indiatimes.com

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