Early Times Report
rajouri, Oct 6: An awareness seminar on goods and services tax (GST) was organised today by finance department here at ITI complex Rajouri. The workshop was attended by about two hundred traders, dealers, advocates, sales tax consultants from all across the twin district of Rajouri and Poonch..
The experts from the finance department of J&K government including Sukhpal Singh asstt commissioner commercial taxes Jammu ,commercial taxes officers Arvind Sahni, Pankaj Sasan and Nawaz choudhary addressed the participants and gave their view on the subject and responded to their queries. The experts delivered lecture on the structure of the goods and service tax and a healthy discussion took place with regard to the present VAT system and coming GST.
Sukhpal Singh Assistant commissioner commercial taxes Jammu while interacting with the traders said that there is widespread consensus in economic and business circles that implementation of the GST would be transformative for the Indian economy in its pursuit of rapid growth.
The fact is that the planned GST would replace a whole host of existing taxes, duties, customs, excises, and surcharges, all of which vary from State to State, which will not only raise revenue for the government, but also reduce costs for businesses.
The participant applauded the efforts of the department for organising this informative seminar. At the end vote of thanks was presented by Sh Rizwan Asgar commercial taxes officer Rajouri circle. |
