GST was a transformative economic initiative Only teething troubles require redressal
“While it is understandable that in a democracy any one can criticise the Government of the day, a distinction should be made between political criticism and grievances of trade and industry.
FICCI has whole heartedly welcomed the introduction of a Goods & Services Tax (GST) – a revolutionary fiscal initiative taken unanimously by the Central Government and members of the GST Council representing different State Governments and political parties. The introduction of GST was a major step towards the modernisation and integration of the Indian economy.
It is understandable that in the course of implementation of such a radical policy change, there will be teething troubles and unanticipated problems. This does not mean that the policy changes should be rejected.
FICCI would urge members of the GST Council to quickly address the issues that have been thrown up in the implementation process. FICCI has suggested changes in some of the existing provisions based on the feedback received from producers, traders and consumers. Such changes will have to be made from time to time based on the actual experience of implementation of any new and radical scheme. In itself GST is a welcome initiative and FICCI compliments the Union finance minister Shri Arun Jaitley and members of the GST Council for leading this change”, said Mr. Pankaj Patel, President, FICCI.