The All India Tax Advocates' Forum (AITAF) has urged Finance Minister Arun Jaitley to delay the implementation of the Goods and Services Tax (GST).
Jaitley has been requested to delay the implementation by at least a quarter as the industry needs time to equip itself with the necessary infrastructure to migrate to the new tax regime.
"Although the GST is scheduled to be implemented with effect from July 1, the new tax roll-out should be delayed by at least a quarter as industry, especially small time assesees, would require time to prepare themselves to migrate to the new tax regime," AITAF President M.K. Gandhi said in a statement here.
Even after all the four GST related Bills have been approved by Parliament, the industry would need at least 3-4 months' time to be GST-ready, especially on the IT infrastructure front, Gandhi said.
"The proposed July 1 implementation date for the GST looks impracticable because of the short window of time that will be available to the industry after the GST-related legislations are passed," he said.
--IANS
mm/pgh/vt
Disclaimer: No Business Standard Journalist was involved in creation of this content
