CII hosts works on GST

CII Chhattisgarh organized series of Two days workshop on GST. The first day of workshop started with the Welcome address by Ramesh Agrawal, Chairman, CII Chhattisgarh State Council today.

The GST Law suggests multiple registrations in each State for supply of goods and services. “This has the potential to result in huge burden of complexity as companies operate in many different States. Businesses in the services sector such as telecom, banking, insurance, airlines, e-commerce, undertake pan-India operations, meeting requirements of each State through different registrations, audits and compliances would be a massive task”, said Agrawal. Introducing a national tax reform of the magnitude that impacts every consumer and millions of producers is certainly not an easy endeavour. “We commend the Central and State governments for strong commitment to the GST. In turn, CII pledges to partner with the government to ensure smooth, hassle-free, and efficient roll-out of the GST so that all stakeholders derive the maximum benefit”, stated Agrawal.

Chief Guest of the Session R K Maheshwari,IRS, Commissioner, Central Excise and Customs, Government of India in his inaugural address praised and congratulated CII for its proactive role in creating awareness towards successful implementation of GST in order to change the economic system. He further stated that India has become the fastest growing economy in the world and the GST regime will turn out to be a game changer for the country. Further to his address, the Guest of Honour of the workshop Prof Raj S Dhankar, Vice Chancellor, Amity University, described the importance of the application of GST in the Indian economy to be implemented from July 1, 2017 onwards.”To Implement GST fruitfully the Government needs to focus on proper research and development alongwith the utilization of Skilled manpower” said Prof Dhankar. Kalpana Tiwari, Divisional Deputy Commissioner ,Raipur Division, Commercial Tax, Government of Chhattisgarh was also present at the session. The inaugural session was concluded by the formal vote of Thanks by Pankaj Sarda, Vice Chairman, CII Chhattisgarh State Council.

The experts of GST on first day of the workshop dwelt upon the topics like Overview of GST Law, Rules and Supply, Related Important Definitions, Meaning & Scope of Supply, Supply without consideration, Charging Section, Supplies to be treated as Goods & Services, Activities neither supply of goods nor services, Compliance Under GST as Composition, Levy,TaxablePerson,Registration,Payment,Tax,Returns,Invoicing,Valuation, Transitional Provisions, Inter – State/ Intra State Supply,Exports / Imports / SEZ, E-Commerce etc.

The workshop was supported by National Academy of Central Excise & Narcotics (NACEN), ICSI, GST Street, Tax Sutra and Amity University to impart the GST Trainings.The day 1 of workshop witnessed massive participation from distinguished Industries and Financial & Educational Institutes.

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