Monthly Evening Lecture Programs
On 27th October 2016, CA. Gopal Krishna Raju, Partner of M/s K. Gopal Rao & Co., Chartered Accountants, Chennai delivered a lecture on “GST – Way Forward” at NIQR Conference Hall.
Dr. V. Swaminathan, National Vice President NIQR presided over the lecture and welcomed the members present and Mr. C. V. Gowri Sankar, Secretary NIQR Chennai Branch spoke about NIQR and its activities and introduced the speaker.
The lecture was very much informative and useful in many ways for the audience. Due to want of space, we are giving only some vital points.
CA. Raju listed all the indirect taxes prevailing now and the roadmap and milestones for the Goods and Services Tax which will replace all the present taxes. He explained with an example how multiple tax or tax on tax will disappear with the advent of GST. The main advantage of GST is it is consumption based unlike majority of present taxes which are manufacturing based. The mandatory filing of 4 returns in GST was well explained – and it will be 100% e-filing with auto numbering for invoices sequentially with issues easily tracked and resolved quickly.
The Q&A session was very lively and many skewed questions were answered to the satisfaction of the audience. Mr. P. Vinayakamurthy, NIQR Life Member summed up the proceedings praising the speaker for making a commercial subject very lively and informative to quality professionals.
The NIQR Newsletter “Q Zine” for Sep – Oct 2016 was released by Dr. V. Swaminathan at the end of the lecture. Mr. C. V. Gowri Sankar proposed the vote of thanks.