Jan 22, 2021
About the Guest Lecture
If you know something very important, the way to get power is by actually sharing it. In the session the speaker covered features of G.S.T., its need, its functioning, difference between G.S.T. and existing tax structure, G.S.T. at international level, forms and returns to be filed under G.S.T and the impact of implementation of G.S.T. on Indian economy.
Detail of the speakers
Dr. Abhishek Mishra- chartered Accountant, Jaipur
B. Com (ABST), CA, Ph.D.
Experience Summary (In years)
He is Chartered Accountant with more than 16 Year industry experience in the field of finance, taxation, accounts, audit, and company law matters.
Core expertise in offering advisory services to Real Estate, Hospitality, Education and Entertainment Industry.
Tax Planning and complete compliances of laws like Income Tax, GST, VAT, Labour laws etc.
Valuation of Securities and Financial Assets for Companies for the purpose of Companies Act 2013, IBC 2016, FEMA, and other statutory compliances. The list of clients includes Companies in the field of Financial Services, Railway Equipment making, Lifestyle, Food & Agricultural & Start-Up Companies.
The lecture was organised with an objective to familiarize students about the basic’s aspects of the most important reform in the field of Indian Taxation, that is, Goods and Services Tax Law. In the session the speaker covered features of G.S.T., its need, its functioning, difference between G.S.T. and existing tax structure, G.S.T. at international level, forms and returns to be filed under G.S.T and the impact of implementation of G.S.T. on Indian economy.
He talked about what is GST, when it would be implemented, what Rates would be applicable, what are the advantages & Disadvantages of GST. He added GST will remove cascading effect of taxes imbedded in cost of production of goods and services and will provide seamless credit throughout value chain. He also said GST will facilitate ease of doing business in India. Integration of existing multiple taxes into single GST will significantly reduce cost of tax compliance and transaction cost. Adding more to the topic he said Stable, transparent and predictable tax regime will encourage local and foreign investment in India creating significant job opportunities.
Benefits of GST
Total students’ participant- 67
GST is the most logical steps towards the comprehensive indirect tax reform in our country since independence’s is leviable on all supply of goods and provision of services as well combination thereof. All sectors of economy whether the industry, business including Govt. departments and service sector shall have to bear impact of GST
"It's a great Lecture and very helpful!