With GST rolling out in few months down the line, it’s important that every industry/sectors get to know what exactly it is. In order to make aware about the GST regime and for its seamless adoption, the Confederation of All India Traders (CAIT) has joined hands with Tally Solutions, a software product company that has created Tally ERP 9. In combination, both the entities have rolled out a countrywide campaign in order to help traders comprehend the impact that GST would bring on their business. Tally Software experts opine that the GST taxation system is extremely different from the current system as it will result into the merger of all other taxes such as excise, service tax and VAT. So, the CAIT felt that it was essential to equip the traders with sufficient knowledge regarding the procedures and compliance formalities under GST.
The primary aim behind both of them coming together is to impart technological knowledge to the traders during this campaign. The first phase saw holding of around 33 conferences on GST by both the entities in several states of the country which was till 20th December 2016. Several cities held the conferences besides Mumbai such as Ahmedabad, Kanpur, Jaipur, New Delhi, Chennai, Bengaluru, Nagpur, Bhubaneshwar, Rourkela, Raipur, Ranchi, Guwahati, Hyderabad, Indore, Bhopal, Pune, Chandigarh, Cochin etc.
The top executives of both the entities said that future mode of business in the country will essentially be carried out through electronic payments and with GST being introduced, the tax will be deposited through either debit/credit card, NEFT or RTGS only. There won’t be any cash or cheque and tax returns, claiming of input credit, communication between traders and tax department and other incidental activities, as all activities will be conducted digitally. Thus, it’s important that the traders and other sectors adopt technology and comprehend the procedures of compliance. They felt that at a time when the government is moving towards e-governance, the businesses cannot remain distant from technology.
Both the entities in their joint campaign aim to reach out to over thousands of trade associations, Federations & Chambers across India and will also include national organisations of various verticals from the non-corporate sector. The main motive behind this is to train master trainers across the country who’d in turn train traders in their respective states. Tally solutions and CAIT have started their GST conferences across tier 1 and tier 2 cities in India, gradually looking to cover even the smallest towns. This partnership further aims to educate as well as train the trading community of India on how the new tax system will affect their businesses and help members comprehend the significance of adopting new technology in this new age.
The primary aim behind both of them coming together is to impart technological knowledge to the traders during this campaign. The first phase saw holding of around 33 conferences on GST by both the entities in several states of the country which was till 20th December 2016. Several cities held the conferences besides Mumbai such as Ahmedabad, Kanpur, Jaipur, New Delhi, Chennai, Bengaluru, Nagpur, Bhubaneshwar, Rourkela, Raipur, Ranchi, Guwahati, Hyderabad, Indore, Bhopal, Pune, Chandigarh, Cochin etc.
The top executives of both the entities said that future mode of business in the country will essentially be carried out through electronic payments and with GST being introduced, the tax will be deposited through either debit/credit card, NEFT or RTGS only. There won’t be any cash or cheque and tax returns, claiming of input credit, communication between traders and tax department and other incidental activities, as all activities will be conducted digitally. Thus, it’s important that the traders and other sectors adopt technology and comprehend the procedures of compliance. They felt that at a time when the government is moving towards e-governance, the businesses cannot remain distant from technology.
Both the entities in their joint campaign aim to reach out to over thousands of trade associations, Federations & Chambers across India and will also include national organisations of various verticals from the non-corporate sector. The main motive behind this is to train master trainers across the country who’d in turn train traders in their respective states. Tally solutions and CAIT have started their GST conferences across tier 1 and tier 2 cities in India, gradually looking to cover even the smallest towns. This partnership further aims to educate as well as train the trading community of India on how the new tax system will affect their businesses and help members comprehend the significance of adopting new technology in this new age.
