Mr.Anand Sundaresan, Vice Chairman and MD, Schwing Stetter India, President, ICEMA

Take on GST

"The suspense is over and now GST is a reality. Myself, our company Schwing Stetter India, and also members of ICEMA, have always welcomed implementation of GST. We are only anxious because of many rumors about the Government's and our readiness to sail through the new system at the earliest. No one knows what is in store, and what are the challenges, which I am sure there are many. I would only urge upon the law makers, inspectors and implementer’s to be reasonable in the initial period and allow us to correct our mistakes without penalty, as I feel there are many grey areas, which if left to discretionary interpretation of the officers concerned, could lead to unnecessary litigation. Though advance ruling provision is existing the committee has not been constituted and empowered yet. This has to be given priority."