This initiative by ASSOCHAM aims to facilitate technology adoption for easy compliance of the new taxation system, within the Retail communityThe Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Tally Solutions, the premier Indian software product company, today, signed a Memorandum of Understanding (MoU) to demystify, educate and train the retail community for the roll out of the Goods and Services Tax (GST) law in India.
ASSOCHAM & Tally Solutions plan to conduct a series of conferences for the retail community across the nation, over the next few months. Tax experts from government bodies will be participating in these conferences to help clear the air about GST, by discussing the law and its implementation in these events. The conferences are designed to help the businesses shift from the existing taxation method and adapt to the new technology led law with ease.
Speaking on this occasion, Mr. Sathya Pramod, Chief Financial Officer of Tally Solutions Private Limited, said, Since the inception of GST discussion, Tally has been making constant efforts to demystify the new taxation policies for businesses and help with its smooth transition. This association with ASSOCHAM gives us a wider platform to reach out to the retail community and acquaint them with the technological changes that they need to adopt in the next few months. A thorough understanding of GST will allow these businesses to continue their functions comfortably post the roll out as well.
Mr. D.S Rawat, Secretary General, ASSOCHAM, said, GST has created a lot of clamour in the business community given the technological changes required to comply with the law. The lack of clear knowledge at the grassroots level about the draft Bill is another reason for resistance by the smaller businesses in the Nation. We are happy to partner with Tally on this, as this provides our members a platform to understand the significance of this new taxation policy and make an easy transition towards it
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)