CAs’ role is instrumental in creating awareness on GST: MP Tumane

Source: The Hitavada      Date: 26 Nov 2017 10:01:30


 

Business Bureau,

THE recently introduced Goods and Services Tax (GST) which was implemented on July 1, is a major taxation reform which the country has ever witnessed. “The taxation reform in such a big economy like India is not going to be an easy task to implement, but with time to come all the issues will be settled and it will give the best output. Chartered accountants (CAs) have played a major role in creating awareness about the new tax regime GST,” said Krupal Tumane, Member of Parliament.


He was speaking as the chief guest at the ‘All Vidarbha GST Conclave’, organised by the Nagpur Branch of ICAI in association with the Amravati and Akola branches of ICAI.
He added that right from industries to small traders as well as service providers, all needed to comply with various taxation laws and for that they needed expert guidance from professionals like CAs. Through proper guidance, CAs were contributing exceptionally well in the development of the country. Day by day, the revenue of the Government, whether through direct tax or indirect tax, was increasing and for that major credit should be given to the services of CAs.


People should realise the importance of tax compliances and making proper tax payments and should join the mainstream. It was in the interest of the citizens and would be beneficial for the development of the country. Earlier, when the VAT was introduced, there were also multiple challenges which were solved in due course and same would be with the GST, he added.


CA Abhijit Kelkar, RCM, said that at the Western India Regional Council, multiple programmes were organised by the institute on GST and through this, more than one lakh CPE hours were generated. CA Sandeep Jotwani, Chairman of the Nagpur Branch of ICAI, said that when the GST was introduced, we had a major responsibility to train our members as well as our students. To create general awareness amongst the public for which multiple programmes were organised with various trade associations.CA S S Gupta, Mumbai, CA Shailendra Jain, Nagpur, CA Mayur Zanwar, Amravati and CA Deepak Agrawal from Akola highlighted multiple issues under GST. CA Satish Sarda moderated the panel discussion. CA Jiten Saglani coordinated the programme whereas CA Pravin Agrawal, Chairman of Amravati Branch proposed the vote of thanks.


Present were CA Mithun Tekade, CA Saket Bagdia, CA Julfesh Shah, CA Akshay Gulhane, CA Jai Poptani, CA Preetam Batra, CA Jethalal Rukhiyana and members in large numbers.