BUDGAM: A workshop-cum-awareness programme on implementation of GST (Goods Services Tax) was organized by Commercial Taxation Department in collaboration with District Administration under the Chairmanship of District Development Commissioner Budgam.
According to an official press note, a special presentation on the implementation of GST was delivered depicting its implications and future taxations. In general, it is being called revolution in the taxation format as “One Nation One Tax”. It is imperative for business and traders faculty to shift to the new system of GST format.
During the mutual interaction, special emphasis was given to aware the participants particularly, business faculty as to how they should change their pattern of doing billing and invoices under new GST format. Despite this, being a dual GST with equal share of centre and state simultaneously leaving it on a consumption tax basis. During interaction the participants were also informed about on what products and goods the GST is applicable, as some items including 5 petroleum products have been left out of the GST.
Addressing the participants, DDC said “in the beginning, the business community may feel inconveniences in shifting to the new system of taxation” but with the passage of time things would normalize and everything will run smoothly. He said it is need of the hour to aware all stake holders particularly traders and businessman and others concerned about this new system of taxation.
DC Commercial, Deputy Taxation Commissioner, officers of taxation department besides local business fraternity and others concerned attended the programme.