No penalty for Wrong entry in the first Two months of GST implementation: Nirmala Sitharaman

Posted by Daily Shipping Times on 27-06-2017        Tweet

COIMBATORE: The Centre has assured the trade, industry and the public that the roll out of Goods and Services Tax (GST) will do the Country good and not the other way round.

Addressing a GST sensitisation meeting here, Nirmala Sitharaman, Minister for Commerce and Industry, said that she realised the need for organising GST awareness campaigns after a meeting at Pudukottai in Tamil Nadu about 10 days ago.

“I put forth the suggestion (on the need to reach out to the people) to the Finance Minister, as also the need to rope in officials to educate the masses about the big transformation that is round the corner. We are here to hear and understand your grievances. The Government believes in discussing issues with the various stakeholders,” she said appealing to all to gear up for the “one nation, one tax, one market” regime.

Sitharaman also assured the participants that “no penalty will be levied for wrong entry in the first two months of GST implementation,” and the Government would consider a review of the situation after three months to see if there is a need for course-correction. She did not rule out teething problems after the roll out.