Tag Archives: 2 and 3

The Federation of Freight Forwarders’ Associations in India (FFFAI) highly commends the Government of India for its firmness to implement the GST. It has positively impacted the manufacturing, ex-im trade and logistics industry. However, there are some areas of concern that require to be addressed. “After completion of one year of GST we can say that it has matured to a great extent in terms of filing of returns. However, for the services sector, export services have not been defined adequately. Issues pertaining to taxes on goods are more or less resolved and are being settled in the regular GST Council meetings. Our sincere request to the Council is to redefine the export services so that there is no scope of ambiguity and hassles to service providers,” says S Ramakrishna, Vice Chairman, FFFAI. He also maintains that the concept of GSTR-I, 2 and 3 should have been continued so that auto reconciliation through the system could have happened. Ramakrishna pushes for doing away with human intervention, which is, in fact, the intention and vision of the present government at the Centre. It is also pertinent to mention that the technology support from GSTN, which is the backbone to successfully implement and carry out the tax revolution in India, has to be well-structured and streamlined. “As the Finance Secretary of India, Hasmukh Adhia assured in his very recent statement, we are looking forward to the next GST Council meeting for some pragmatic decision on services sector, GSTN and other issues,” Ramakrishna concludes.

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