GST DAY 2018 CEL­E­BRA­TIONS

Assocham Bulletin - - GOVERNMENT INTERACTIONS -

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.

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