Union Finance Minister Nirmala Sitharaman has given her approval for the establishment of a Goods and Services Tax (GST) Appellate Tribunal in Indore, according to a statement from the Madhya Pradesh government’s Public Relations Department on Thursday.
The initiative was set in motion following a demand made by Indore MP Shankar Lalwani during discussions in the Lok Sabha. Sitharaman, acknowledging the significance of this move, granted approval for the establishment of the GST Appellate Tribunal in Indore.
Indore, with the highest number of taxpayers in Madhya Pradesh, is poised to benefit significantly from this decision. The GST Appellate Tribunal in the city is expected to provide a substantial advantage to hundreds of tax professionals and thousands of businessmen.
In a statement, Lalwani expressed optimism about the swift opening of the GST Appellate Tribunal in Indore, anticipating that it would serve as a crucial resource for resolving GST-related disputes in the region. Currently, businesspersons from Indore and other parts of the state are required to approach the GST Appellate Tribunal in Bhopal to contest decisions made by commercial tax authorities in GST taxation matters.
The move to establish a dedicated tribunal in Indore aligns with the broader goal of enhancing accessibility and efficiency in addressing GST-related concerns. This development aims to streamline the dispute resolution process and reduce the logistical challenges faced by taxpayers and businesses in the region.
While Bhopal already hosts an appellate tribunal, the localised establishment of the GST Appellate Tribunal in Indore is expected to bring relief to the local business community. As the wheels are set in motion, the anticipation is high for the tribunal’s prompt opening, marking a positive stride towards facilitating a more convenient and effective resolution mechanism for GST-related issues in the city.
