Goods and Services Tax – GST – Dated:- 28-6-2017 – New Delhi, Jun 28 (PTI) Ahead of the mega event to roll out the GST on the midnight of June 30, the Centre and state governments are on a media blitz to create awareness about the new tax regime. The government has started coming out with full-page advertisement in leading dailies explaining various procedures and processes to be followed by industry for complying with the Goods and Services Tax (GST) rules. The Central Board of Excise and Customs (CBEC) has also issued a set of 50 FAQs on various provisions of GST in the form of full-page advertisements in newspapers, answering queries of traders and business. In order to create consumer awareness, CBEC has since the beginning of this mon
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s and other stakeholders. Also, two Twitter handles – '@askGST_GoI' to answer industry queries related to the new indirect tax regime and '@askGSTTech' for queries relating to technology – have been set up to reach out to people via social media. A four-rate structure that either exempts or imposes a low rate of tax 5 per cent on essential items and top rate of 28 per cent on cars and consumer durables has been finalised. The other slabs of tax are 12 and 18 per cent. GST also represents an unprecedented exercise in fiscal federalism. The GST Council, that brings together the central and state governments, has met 17 times to thrash out how the tax will work. For importers and exporters specifically, the CBEC and commercial
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