Indirect Tax Committee of The Institute of Chartered Accountants of India has organised a National Seminar

National Seminar on GST

Indirect Tax Committee of The Institute of Chartered Accountants of India has organised a National Seminar on GST from 2PM to 8PM on this Thursday – 2^nd August 2018 at MahajatiSadan, Kolkata. Since its implementation on 1^st July 2017 – happens to be the Foundation Day of the ICAI – The Institute has been working pro-actively to promulgate the  basic impacts of implementation of GST. This National Seminar was organised primarily to update about various amendments and notifications taking place in the field of GST and to discuss the key issues of GST.

The programme was initiated on behalf of the ICAI by CA Sushil Kr. Goyal, Vice Chairman, IDTC of ICAI – a person of limitless energy and perfect professionalism.

The programme was attended by more than 1200 people that includes Chartered Accountants from across the country and a great number of prominent professionals from other areas of business and industry.

Mr. Sushil Kumar Modi, Honourable Dy. Chief Minister, Govt. of Bihar and Chairman of GST Implementation Committee, was invited as the Chief Guest. Shri Modi, in his scholarly speech, enriched in information, greeted the Institute for organising this seminar and on E-way Bill Development. He also highlighted how the implementation of GST would shape the future world and how more transparency would be achieved.

A houseful of audience felt enriched by the deliberations on Issues in Real Estate (Construction & Works Contract) by CA S. S. Gupta, Mumbai, Amendments Proposed in GST Act by Amendment Bill 2018 CA Bimal Jain, New Delhi, Issues in Input Tax Credit by Advocate K. Vaitheeswaran, Chennai , Annual Return, Reconciliation, GST Audit & Rectification of previous year’s errors by CA Gaurav Gupta, New Delhi and Issues in GST by CA Khalid Aizaz Ansari. The swashbuckling presentation by all the speakers was really learning for everybody present in the seminar.

Speakers discussed and laid thrust on how GST Implementation helped and boosted great hike in Nation’s GDP and played a pivotal role in the ease of doing business , positive impact it enjoys in revenue collection, what role it has on elimination of tax cascading and progressive tax structure etc. Discussion in the seminar revealed the fact that the GST Council is committed to bring further simplification in the entire taxation system.

The entire programme was both learning and enjoyable and the programme again established the fact that ICAI does everything always in an innovative manner and in its own unique method.