ICSI welcomes passage of
GST Amendment Bill
The Institute of Company Secretaries of India
(ICSI) welcomes the passing of Goods and Services Tax Bill. The GST Bill will be the most comprehensive single
tax reform for India post independence. This is a huge step for the
economy and will prove to be a great boost in the direction of
attracting investments and furtherance of “Make in India”
initiative.
Welcoming the Government’s initiative
to bring in structural changes to the tax regime in India through the Goods and
Services Tax (GST) bill, CS Mamta Binani, President ICSI in a press conference
said, “GST is one indirect tax for the
whole nation, which will make India one unified common market. GST will be a
boon for business and industry as it
will bring a new wave of tax regime in India by providing Easy
compliance, Uniformity of tax rates and structures, improved competitiveness,
Gain to manufacturers and exporters”
CS Mamta Binani also stated that once
GST is rolled out, ease of doing business would improve in the country and in
long run the tax rate would also come down benefitting the consumers.
ICSI president also announced that
Institute will observe August as GST Awareness month. ICSI will organise series
of Seminars and webinars on GST for creating wide spread awareness across
India. The Institute will also conduct Professional Development Programmes,
Study Circle meet, Interactive Meetings with Members and Master class rooms on
GST.
About The Institute of Company Secretaries of India, (The ICSI):
The Institute of Company Secretaries of India, (ICSI) is premier
professional body set up under an Act of Parliament, i.e., Company Secretaries
Act, 1980, for the regulation and development of the profession of Company
Secretaries in India. The Institute, being a pro-active body, focuses on best
and top-quality education to students of Company Secretaries Course and best
quality set standards for CS members.
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