Goods and Services Tax (GST) is all set to be rolled out from July 1, 2017 as India’s biggest federal taxation reform. GST is an integrated tax which works on the concept of “One Nation One Tax”. The biggest benefit of GST implementation would be removal of cascading effect of multiple taxes and seamless flow of Input Tax credit.
To facilitate small businessmen, traders, shopkeepers and public at large ICAI GST Sahayata Desks have been made operational by the Institute of Chartered Accountants of India (ICAI), on pro bono basis at all major cities. To begin with, GST Sahayata Desks will be made operational at approximately 200 locations through 5 Regional Councils, 163 Branches and 48 CPE Chapters of ICAI. The GST Sahayata Desks would be operational w.e.f May 28, 2017 till September 30, 2017 at PAN India level.
The main objectives of setting up these Desks are to facilitate traders, small businessmen and public at large by.
The salient features of these ICAI GST Sahayata Desks will be:
Nilesh S. Vikamsey, President, ICAI said “The Goods and Services Tax (GST) will replace multiple taxes system in a single taxation system w.e.f from July 1, 2017. Implementation of GST would be a win-win situation for all the three stakeholders viz government, businessman and consumers. It will also boost economic growth in the country because of development of common market. ”
He further added “ICAI has always been supportive & contributing towards various initiatives taken by the Government and will support the Government with smooth implementation of GST.”