>>
Home / Knowledge / News / Apparel/Garments / Indian trade leaders to discuss GST, digital payments
Indian trade leaders to discuss GST, digital payments
25
Apr '17
Trade leaders from various Indian states will meet in New Delhi to discuss the new goods and services tax (GST) and the issue of digital payments with a view to formulate a 60-day strategy for a national campaign to educate and empower the trading community on adopting the new tax. The Government is likely to implement the GST from July 1, 2017.   
 
In addition, the Union Government is also taking pro-active steps for promoting faster adoption of digital payments in the country.
 
The two day national conference of prominent trade leaders of states is being organised during April 27-28, 2017 by the Confederation of All India Traders (CAIT). More than 150 trade leaders are expected to participate in the conference, a release from CAIT said.
 
"Our effort is to train them as master trainers on both GST and digital payments and in turn they will train trading community at district level in their respective states," said CAIT national president BC Bhartia and secretary general Praveen Khandelwal.
 
While GST is a technology based taxation system, much different from current taxation regime, about 70 per cent small businesses in the country still have to adopt computerisation in their existing business format, they said. Therefore, it is a challenge to equip them with technology before rolling out of GST. 
 
For educating on GST, the CAIT has chosen Tally Solutions Limited as its technology partner whereas for spreading awareness on digital payments, it has tied up with MasterCard and HDFC Bank. So far, CAIT has already organised 113 conferences on GST and digital payments in the past 100 days.
 
The event will discuss various topics such as overview of proposed GST structure and its implications on trade and commerce, role of technology in GST taxation system, need to have dedicated computerised business solution for GST compliance, treatment of inter-state movement of goods and services, rules pertaining to place of supply, raising of invoices, availing of input tax credit, and role of trade leaders and trade associations in ensuring penetration of GST education among traders across the country. 
 
The conference will also deliberate on linkages between digital payments and GST, why digital payment is essential for future business in India, ways and means for faster adoption of digital payments, percolation of digital payments down the line among non-corporate sector, and advantages and road blocks of digital payments adoption. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2022

New US legislation to fix import loophole, boost oversight unveiled

Earl Blumenauer, chairman of the US House of Representatives ways and ...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

China’s garment industry earned $209 bn in revenue in Jan-Nov 2021

About 12,659 garment companies of China earned a combined operating...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

AmCham says RCEP aligns with economic reforms in Philippines

AmCham Philippines has joined the call for the immediate concurrence...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Calvin Klein
Splash
Varner AS Retail
Tommy Hilfiger
MAS Active / MAS Kreeda / MAS Bodyline
Aquarelle Clothing Limited
KIABI
Hela Clothing Pvt Ltd
Helly Hansen Far East Ltd
Chori Company Limited
Maceton Limited
Sportswear Company Spa
T.T. Limited
Chico’ FAS
Amazon China
Asos
Arvind Limited
Alix Partners
Etam Group Strategy Hong Kong Limited
Walmart
THE BOMBAY DYEING ;& MFG.CO. LTD
LC Waikiki
Seasalt Limited
Alison Hayes Romania
Rosset ;& Cia Limited
Lacoste (Wanchai)
Gokaldas Exports Limited
The LYCRA Company Singapore  Pte. Ltd
The Top Form Brassiere Manufacturing Company Limited
Restoque S.A.
BIMBA ;& LOLA SL
Esprit Europe Services GmbH
BIANCA
John Varvatos
Eastman Chemical Company
C;&A Sourcing International Ltd
Abit
Target Corporation (MN)
Brandix Lanka Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Vardhman Textile Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
IDH – The Sustainable Trade Initiative
Lenzing Aktiengesellschaft
Landmark Group
Desigual - ABASIC, S.A.
Tory Burch Hong Kong Ltd
Puma
Aramark Uniform ;& Career Apparel, LLC
Huntsman (Singapore) Pte Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Midas Clothing Limited
NITI Aayog
Lifestyle
PVH Corporation
SYNERGIES HONG KONG LIMITED
OVS Hong Kong Sourcing Ltd.
Grasim Industries Limited
Guess Europe Sagl,
Lisa S.P.A.
Sportmaster Ltd.
Recron Polyester from Reliance Industries Limited
Hirdaramani International Export Private Limited
International Textile Manufacturers Federation
Benetton Group
Rayonese Textile Inc., Division de Culp Inc.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Decathlon
J ;& P Coats
Sainsbury's Argos Asia Limited
Phong Phu international JSC (PPJ)
Reiter India Private Limited
Groz-Beckert East Asia LLP
Babyshop
Tchibo GmbH
Page Industries Limited (Bangalore)
Gatsby Africa
Boardriders Asia Sourcing Limited
Bluestem Global Sourcing Limited
Green Fibre
Gap International Sourcing Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Under Armour Global Sourcing Ltd
IKEA of Sweden AB
KAS Direct Sourcing
Vianney Textil Hogar S.A. De C.V.
Lululemon Athletica Inc
TESCO INTERNATIONAL SOURCING LIMITED
G-Star Raw C.V.
Gloria Jeans

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search