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Industry Ready for GST: CII

Capital Market 

Industry is ready for the landmark tax reform of GST, which is expected to bring significant gains for economic growth, employment and exports. is undertaking more than 100 workshops across the country to enable enterprises to comply with the new regulations, said Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry. He was referring to industry preparations for implementation of the Goods and Services Tax (GST), slated to be rolled out from July 1.

With just over 2 weeks expected for introduction, has taken up a range of initiatives to encourage industry to be proactive in managing compliance. has launched a series of around 100 two-day Training Programmes across The workshops are expected to reach out to about 5,000-plus enterprises.

has been granted Approved Training Partner (ATP) status to impart training by National Academy of Customs, Excise and Narcotics (NACEN) with Institute of Company Secretaries of Technical partners are Street and Tax Sutra.

Key issues covered in training programme include, among others:

Introduction to and overview of the model law

Registration Provisions; Time & Supply and Valuation of Goods & Services

Input Tax Credit; Payment of Tax; Cross Utilization of CGST/SGST/IGST

Returns and Matching of Credit; Refunds

IT Enablement and ERP Solutions

Transitional Provisions and GST- Impact Study

Sectoral Analysis: Manufacturing/Services

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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