Pune: The Goods and Services Tax (GST) is one of the India's biggest indirect Tax reformed which was implemented from July 1, 2017. It is founded on the notion of ‘One Nation, One Market, One Tax’ and such tax has entered the fourth year of successful implementation of GST after braving some serious challenges.
To celebrate the occasion of GST Implementation Day, the Institute of Cost Accounts of India, Pune chapter announced GST Day Celebration week by organising various WEBINT from July 1 to 7, this year.
As a part of the celebration, Pune chapter had organised knowledge sharing session. The Chief Guest for the session was Rajeev Kapoor, Commissioner Central Tax Pune II. The session was graced by CMA Neeraj Joshi Central Council Member and WIRC chairman and CMA Amit Apte, Immediate Past President. For the discussion session, national level speakers’ CMA VS Datey, CMA Dr Sanjay Bhargave, CMA Dr Waman Parkhi and CMA Rajesh Shukla.
CMA Neeraj Joshi briefed the participants about the activities that are carried out at regional and central level of the Institute. CMA Amit Apte briefed the participants about the initiatives taken by the institute, various publications released by Tax Research Committee.
Commissioner Pune-II CGST Kapoor highlighted the steps taken by the government during the last three years to facilitate the taxpayers. He especially emphasized the steps taken by the department during this pandemic situation.
CMA VS Datey thoroughly analysed the progress of GST during last three years from the implementation. He expressed his thoughts on the positive and painful side of GST Law. CMA Dr Waman Parkhi lucidly explained about GST hits and misses in 3 years. He also highlighted the expectations for the next three years.
CMA Rajesh Shukla discussed the impact of GST on Industry. He shared the experience of the Industry during the last three years. He also expressed his views on the skills expected from Cost Accountants who intend to make a career in GST.
While summarising the session, CMA Dr Sanjay Bhargave expressed his thoughts on the challenges and opportunities to Cost Accountants. He also expressed his views on progress of GST in the last three years.
The session was compared by CMA Nilesh Kekan. CMA Sujata Budhkar shared her words of wisdom in the Chairperson address. Welcome address was given by CMA Rahul Chincholkar. Strong IT infrastructure is an integral part of a Webinar, for which CMA Shrikant Ippalpalli played a key role. CMA Nagesh Bhagane and CMA Shrikant Ippalpalli gave introduction of speakers. Vote of Thanks was proposed by CMA Rahul Chincholkar.