KCCI hosts Interactive Session on Resolving Practical Issues in GST
Kanara Chamber of Commerce and Industry hosts Interactive Session on Resolving Practical Issues in GST on 12 October at KCCI Hall.
Mangaluru: The Central Government, with the cooperation from the State Governments and Union Territories, has brought about a revolutionary change in the Indirect Taxes, by implementing a Pan India Taxation System on Goods and Services, with effect from 01.07.2017. As per the new legislation, the returns under the Act are to be uploaded in the software system utilizing passwords. The entire system is based on the software. The dealers are facing difficulties in uploading the returns within the scheduled dates due to problems in the software now presented by the SPV meant for implementation of GST. All the Stakeholders had represented to the GST Council with regard to the problems faced by them in uploading the returns.
The Government also responded positively by simplifying return in Form-3B for the time being and extended the dates for uploading the data in the system. There was much apprehension in the dealers, and due to this, there was poor compliance in the earlier stages. Now, there is improvement in the software system. The final version of the GST law is in the public domain. The GST Council and Finance Ministry of the Government of India, are issuing various notifications, clarifications and press notes, in order to help the citizens understand the new law. The KCCI has already conducted a series of Dealers’ and Stake holders’ awareness programmes on GST in the recent past, to help KCCI members and the general public, in a smooth transition to the new tax regime. There are liberal provisions in favour of exporters with regard to various issues while raising documentations and also in case of other provisions.
The GST Council recently recommended re-scheduling of the dates for filing the returns under the new legislation. In order to understand the uploading of the data in the system and to cure the defects if any in the initial stages, our chamber is of the opinion that an interactive programme on the same is the need of the hour. Accordingly, on 12.10.2017, the KCCI scheduled yet another “Session on resolving practical issues in GST” for its members and the general public, Importers, Exporters and the SME sector in particular at the Meeting Hall for a better understanding of its provisions and for easy compliance by uploading the data in the system under the re-scheduled calendar of events.
The experienced officers from the State and Central Tax Departments participated in this programme and responded to all the queries of the participants in the interactive sessions. Many KCCI members and the general public attended the meeting and made the best use of this opportunity to clarify their doubts and apprehensions with regard to GST. The chief guest for the occasion was M Nagesh Pai- the Past President of KCCI, who addressed the gathering on issues regarding GST. Ms Vathika Pai- president of KCCI welcomed the gathering, and the vote of thanks was proposed by Shashidar Pai Maroor- Hon Secretary of KCCI.
During the day-long seminar, technical sessions on Issues arising post-GST; SME Sector Matters; GSTR 3B, 1, 2, 3, Trans I, II -CGST-SGST; E Way Bill-CGST-SGST; Amendments to Registration and other issues on CGST-SGST were held.