Home / Knowledge / News / Apparel/Garments / Indian trade leaders to discuss GST, digital payments
Indian trade leaders to discuss GST, digital payments
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

US President-elect Joe Biden. Pic: Stratos Brilakis / Shutterstock.com

Textiles | On 27th Nov 2020

Not much change in trade policies anticipated under Biden

US President-elect Joe Biden seems more assuring to the European...

Pic: Shutterstock

Apparel/Garments | On 27th Nov 2020

Bangla RMG units to get loans for COVID safety measures

Bangladeshi garment units will get low-cost funds up to Tk 30 crore...

Pic: Shutterstock

Retail | On 27th Nov 2020

Macy’s Q3 FY20 digital sales grow 27%

Macy’s, a US-based premier omni-channel fashion retailer, reported...

Interviews View All

Manuj Terapanthi, Texaura

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2020

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

Advanced Search