New Delhi [India], Sept 2 (ANI): The newly-introduced Goods and Services Tax (GST) is creating operational and procedural issues for companies, the most recent to fall prey to the new tax regime being cement major ACC Ltd.
"I have taken up the matter with the GSTN. We have directed GSTN officials to get it rectified as this will be injustice for companies like ACC if such a massive amount of money is blocked for three months," Meghwal told reporters along the sidelines of the Annual Convention on Capital Market-Vision 2020 programme organised by the PHD Chamber.
Meghwal assured that no penalty would be imposed on ACC, since it was a technical glitch and not a delay in payment. Further, he opined stressed on the need to evolve a system of immediate refund in such cases.
"The intention of the government is to help the honest tax payers who are coming forward after facing technical issues," he said. (ANI)