Shillong Partners Need a Training Session on GST

GST has created an environment of anxiety and concern among the trading community across the country, Various verticals of retail trade are demanding lower tax on items being dealt by them since they have been categorized under higher tax slab in comparison to tax slab of current VAT tax regime.

The IT distributors in Shillong are worried about GST implementation. They are lacking the information and are in need of understanding the key elements of GST and its mechanism.

Talking to DQ week Hegin Haokip of Techno Source says “ We are ready for GST and also doing the preparation but we are in need of a training program on GST.

“So our association NECTA Is planning to take help from a banking authority or Central government for a session” he further added.

“The training program should be provided by the government so that the participants get a complete understanding to this new tax system in enabling them to work better with their company financial system more effectively even with the presence of GST” said Daniel Surong of The Computer Store.

Partners to understand these basics

• Understand the key elements of GST and its mechanism.
• Analyse and understand the implications of GST on your business.
• Identity and review business activities in line with GST.
• How to effectively overcome implementation, compliance and enforcement issues.
• Treatment of transitional issues upon implementation of GST.

Meanwhile, with just over a month left for GST implementation, the revenue department started a new twitter handle to answer industry queries related to the new indirect tax regime. Traders and industry can ask questions on the twitter handle '@askGST_GoI' and officials from Central Board of Excise and Customs (CBEC) will answer them.