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GST council has taken cognizance of the demand of MSMEs regarding the new tax policy: Venkaiah Naidu to KNN

New Delhi, Apr 27 (KNN) As the GST is all set to roll out for its implementation from July 1, 2017, the MSME bodies are approaching the government to extend the implementation date so that the MSMEs can be ready to adapt to the new tax regime.

Venkaiah Naidu, Union Minister of Urban Development spoke to KNN over the concerns raised by the MSME bodies that almost 70 per cent of the small sector is not yet GST ready and concerns over new clauses such as the mandatory eWay bills.

“There is a GST council and concerned officials are taking care of the requests by the MSME bodies with regard to the GST,” said the Minister.

The Minister was chairing the launch event of the MyMSME mobile application and the MSME Facilitation Council Portal at Vigyan Bhawan earlier today in New Delhi. The event was also attended by Kalraj Mishra, Union MSME Minister, Haribhai Parthibhai Chaudhary, MoS MSME and other senior officials from the Ministry.

Earlier this month various industrial associations including the Gujarat Traders Federation (GTF) and Ahilya Chamber of Commerce and Industry (ACCI) had written to the Finance ministry and the Prime Minister voicing their concerns regarding GST.