Jammu, Jun 24: In a special seminar organized today by CII J&K State Council, in collaboration with IIPA & NIRC, to sensitize and create awareness on the national and state perspective of GST, Virender Chauhan CA, GST Expert said “GST will be ushering in a harmonized national market of goods and services. Seminar experienced the august gathering of top industrialists, account professionals, officers, businessmen, traders and employees.
P K Bhat, Addl Commissioner, Commercial Tax was the Chief Guest for the seminar. Various speakers addressed and answered the queries of the audience.
P K Bhat addressed the audience and shared “I am thankful to CII for organizing this timely seminar on GST. I have personally represented the state in the GST Council and empowered committee, however I am not in a situation to disclose the current situation of implementation in the state. We will be able to give clarity in next few days. Regardless, we all needed to be aware and sensitized. I am very positive that a solution will be taken sooner. Our department has been proactively working along with the industry and traders for registration and I would encourage everyone in the state for registration. Our offices are working round the clock. The GST facilitation center is working 24 x 7 and all are most welcome to take the benefits.”
CA Virender Chauhan, GST Expert from VG Learning, gave a very detailed presentation on the overview of GST, very specifically focused on each thrust sector of the state. He also explained the online and daily transactions that are expected to be put in place after the implementation.
He stressed upon the various scenarios for various industries under the GST regime. He also explained how easier the daily transactions will become and how smooth it will be to handle the account books and online filing and transactions.
Rahul Sahai, Chairman, CII J&K State Council presented the industry perspective stating that “CII as an industry body, welcomes GST and supports its stand in bringing significant gains for economic growth, employment and exports.