SHOPIAN: District Administration Shopian in collaboration with Commercial Taxes Department organised an awareness programme on Goods and Service Tax (GST), here on Thursday at Mini Secretariat Arhama Shopian, an official handout read.
Additional Deputy Commissioner Shopian, Parvaiz Sajad Ganie appreciated the efforts of commercial taxes officers for organising the event for explaining the salient features and benefits of GST to all stakeholders.
He said awareness programme was vital for getting all stakeholders viz. businessmen, educationists, media persons, public servants, lawyers, entrepreneurs ready for its implementation, read the handout.
Commercial Taxes Officers Shopian & Pulwama, Ab Rehman Kumar and Mohammad Farooq Kumar explained the anticipated impact of GST on tax structure, tax incidence, tax computation, tax payment, compliance, credit utilisation and reporting under the new regime which would lead to a complete overhaul of the current indirect systems. They described Goods and Services Tax (GST) as “one of the best possible tax systems” that will immensely benefit stakeholders, the handout added.