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CII launches GST training programmes across India
20
Jun '17
The Confederation of Indian Industry (CII) has taken up a range of initiatives to encourage the industry to be proactive in managing GST compliance by launching a series of around 100 two-day training programmes across India. The workshops are expected to reach out to about 5,000-plus enterprises. CII believes that the industry is ready for the tax reform.

"GST is expected to bring significant gains for economic growth, employment and exports. CII is undertaking more than 100 workshops across the country to enable enterprises to comply with the new regulations," said Chandrajit Banerjee, director general, CII, referring to industry preparations for implementation of GST, slated to be rolled out from July 1.

CII has been granted Approved Training Partner (ATP) status to impart GST training by National Academy of Customs, Excise and Narcotics (NACEN) with Institute of Company Secretaries of India. Its technical partners are GST Street and Tax Sutra.

Key issues covered in training programme include introduction to GST and overview of the model GST law; registration provisions; time and supply and valuation of goods and services, input tax credit; payment of tax; cross utilisation of CGST/SGST/IGST; GST returns and matching of credit; refunds; IT enablement and ERP solutions; transitional provisions and GST- impact study; and sectoral analysis: manufacturing/services.

A helpline has also been initiated where programme participants can request for clarifications. In addition, an awareness campaign has been launched to inform industry about the GST processes. CII has even prepared online webinars as introduction to the new tax.

"CII has been interacting with all stakeholders including Central government, state governments and industry on GST implementation. GST has been finalised after a collaborative and consultative approach and we look forward to its introduction," added Banerjee. (KD)

Fibre2Fashion News Desk – India


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