GST DAY 2018 CELEBRATIONS
At the special invitation from Chairman, Central Board of Indirect Taxes and Customs, FISME invited select representatives of Industry & Rajiv Arora, Executive Vice President, Muez Hest was invited to attend the GST Day 2018 Celebrations on its first anniversary at the glittering function held on Sunday 1st July, 2018 at Dr. Ambedkar International Centre, New Delhi.
The Chief Guest of the event was Mr. Piyush Goyal, Hon'ble Minister for Railways, Coal, Finance & Corporate Affairs and Mr. Shiv Pratap Shukla, Hon'ble Minister of State for Finance was the Guest of Honour for the function.
Addressing the GST day, Mr. Sandeep [ajo d ia, President ASSOCHAM said, "ASSOCHAM is delighted to be an integral part of the government support system for smooth roll-out of GST. We have organized over 100 seminars for trade & industry and more than 200training programs, specially designed for small & medium scale enterprise & traders during pre & post roll out of GST to reach out to the widest audience possible covering not only the metro cities but also tier II and III cities."
While applauding the government, President further said, "ASSOCHAM applauds the determination of government to roll out GST so decisively on 1st July 2017 and now the day has become a historic day in the Indian Taxation System."
He appreciated the government's effort to sort out the initial issues faced by the industry. With the passage of time, the decisions so as to make GST Govt. has left no stones unturned less complex. A large section in making GST law simpler. GST of the society well accepts that Council in its every meeting CST has a broader economic has taken some bold and big impact and the Government is
committed towards navigating the obstacles. Further, the Government has rightly taken the steps in this direction by coming out with FAQ's on regular intervals in a bid to clear difficulties being faced by different sectors of industries, apart from organizing various outreach programs, fortnight refund camps to help exporters in releasing blocked refunds etc.
He emphasised the positive impact of GST on Indian economy in terms of ease of doing business, he further pointed out, the introduction of GST has brought uniformity in the indirect tax structure across India, which has started integration of Indian markets. Government is committed to make their vision of "One nation-One Tax" a reality in the true sense. We believe that this is a major transformational tax reform that has made India a common market, simplify operations, enhance ease of doing business and provide inclusive growth. As an entrepreneur operating in India and outside of India, it creates the perception of a unified market focused on value creation. The transparency of the law and input tax credits are takeaways for both buyers and sellers.
He said, however, "GST is still considered today as workin-progress. Continued efforts are required for reaching new heights while responding to a constantly changing and challenging business environment. Government's efforts are visible to make things easier for better and improved tax compliances like stable e-way bill system, new IT infra, small changes in GST law etc. As an industry body; ASSOCHAM is committed to extend all the support required towards this endeavour."
Mr. Jajodia further said, GST is going to be the biggest game changer for Indian economy with regards to improved tax revenues, which is already approaching collection figures of INR 1 lac crore per month. ASSOCHAM once again congratulate Ministry of Finance, GST council and all other stake holders in both government and private sector for being a part of this historic fiscal reform.
Mr. Sandeep Jajodia, President, ASSOCHAM addressing the audience.