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Knowledge Sharing Meeting on GST by Mr. R. Gopinath on 16th July 2017

Monthly Lecture Programs July 2017 On 16th July 2017, a Knowledge Sharing Session on β€œGST” was conducted by Mr. R. Gopinath, Deputy Manager (Retd) Ashok Leyland at NIQR Conference Hall from 9.00AM to 10.30AM. Mr. C. V. Gowri Sankar welcomed the gathering and expressed his happiness on the good attendance on a Sunday morning. He reminded the members that this is a KSS and requested all to share their knowledge.Mr. R. Gopinath made an elaborate presentation of GST he acquired from a workshop he attended recently. Goods and Services Tax is an important reform which will lead India into next rapid phase of economic growth. It is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. This tax will be substitute for all indirect taxes levied by state and central governments. He gave details about GST rates and goods exempted from GST and elaborated on the procedure of GST registration and e-payment of tax and input credit. Listing down the benefits of GST, he also indicated price increase in some goods.The Q&A session was very informative and members exchanging lot of information, Mr. V Raghavan shared the stage for some time and explained the input tax credit system.A NATION IS MADE WHEN TAXES ARE PAID Mr. C. V. Gowri Sankar proposed a vote of thanks.