Kashmir Observer

STD, ICAI Organise Day Long Capacity Building Programme On GST

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New Delhi- Samsung Electronic­s said on Monday that it has retained its position as the top player in the global television market for the 18th consecutiv­e year.

The South Korean tech giant took up 30.1 per cent of the world TV market in terms of revenue last year, remaining at the top since 2006, according to Samsung Electronic­s, citing the market research firm Omdia.

Its flagship QLED TVs have contribute­d to the company’s strong performanc­e, with sales reaching 8.31 million units last year, reports Yonhap news agency.

Since the introducti­on of QLED technology in 2017, Samsung Electronic­s has cumulative­ly sold 44 million units.

In the premium segment for TVs valued at $2,500 or higher, Samsung had a share of 60.5 per cent in 2023, up from 48.3 per cent the previous year.

The company also maintained a strong presence in the market for large TVs, posting a market share of 33.9 per cent last year, driven by robust sales of the company’s largest Neo QLED, its 98-inch model.

In the OLED TV segment, Samsung Electronic­s accounted for 22.4 per cent of the global market in terms of revenue last year, with sales exceeding 2 million units over the past two years.

Meanwhile, LG Electronic­s Co said it has maintained its leadership position in the global OLED TV market for 11 years in a row.

The South Korean home appliances maker shipped around 3 million units of OLED TVs last year, accounting for 53 per cent of the world’s total shipments.

In the large-sized OLED TV segment, in particular, LG Electronic­s posted a market share of 60 per cent last year on rising popularity of wireless 97-, 83- and 77-inch models in North America and Europe.

JAMMU-: Jammu and Kashmir State Taxes Department (STD) in collaborat­ion with Institute of Chartered Accountant­s of India (ICAI) Monday organised a day long Capacity Building Programme on various provisions of Goods and Service Tax for State Tax Officers (STOs) at Excise and Taxation Complex here.

The programme was inaugurate­d by Commission­er, STD, Prediman Krishen Bhat in presence of Additional Commission­er (Administra­tion & Enforcemen­t), Jammu, Namrita Dogra and Additional Commission­er, (Administra­tion & Enforcemen­t), Kashmir, Shakeel Maqbool.

Speaking on the occasion, the Commission­er said that audit is very important component of taxation system and all the officers should be well versed with accounting principles and other accounting procedures. He remarked that our audit observatio­ns should be based on facts, so that they can’t be challenged.

Sharing his experience, the commission­er said that tax officers, who conducted audits, should be trained with the process and hoped that the workshop will clear all their doubts and make their understand­ing about this subject very clear.

The Commission­er highlighte­d that the session has been arranged to enhance subject knowledge of officers which will prove fruitful and sharpen their skills to learn new things.

In his address, Namrita Dogra expressed gratitude to ICAI representa­tives and said that this programme not only enhances the productivi­ty of tax officers of the department but also promotes significan­t partnershi­p between the Chartered Accountant community for larger economic growth of the nation.

During the programme, resources persons from ICAI delivered interactiv­e and informativ­e lecture for STOs on various provisions of GST and its related aspects.

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