TAIT organizes GST Awareness Workshop for Members

Trade Association of Information Technology (TAIT) has organized awareness workshop on GST educating members on the new tax regime. The sessions were addressed by Sukhjit Kumar, Additional Commissioner of Service Tax, Mumbai, and Alok Pansari, Partner, ASL & Co. Sukhjit Kumar, Additional Commissioner of Service Tax, Mumbai, addressed theTAIT members by giving his valuable insights into the GST tax regime. He talked upon various crucial components of GST clearing the misconceptions of the members in terms of stock clearance, service tax, input credit and tax computation.

"TAIT members were gearing up for getting the registration and HSN codes done in GST, rightsizing their stocks and preparing their software on the complaint side and on the business side. Therefore, this workshop is a part of our efforts to educate our members and prepare them for GST," says Rushabh Shah, President, TAIT.

Samir Mehta, Secretary, TAIT, further added that the association is also making an effort connecting to the vendors to help the TAIT members adjusting the stocks to avoid any negative financial impact on the stocks.

Alok Kumar S. Pansari, CA of ASL & Co., said, "It is a great opportunity for IT traders to explore different prospects such as software and application development. IT hardware business will get huge benefits from GST if they explore different business avenues. They have huge scope in the software and application development but they should explore opportunities to sustain in the business."

K. R. Chaube, TAIT Director, shared his thoughts about GST saying, "GST is unification of tax regime. We have organized various workshops / seminars for our members to provide them a clear picture of the nitty-gritty of the new tax regime. Our association is always prepared to provide required hand holding, on-ground guidance for GST, and information on softwares for filing taxes to our members."

Devang Thakore, TAIT Director, said, "TAIT has always been at the forefront in offering additional value to their members and every event provides a treasured knowledge which acts as a solution to their business hurdles, also keeps them updated with the latest industry trends."

All the members of the association and guests enthusiastically participated in the GST awareness workshop.

Tags: TAIT, GST Awareness Workshop, Trade Association of Information Technology, GST tax regime, GST, Rushabh Shah President TAIT, HSN codes, SEC codes, Devang Thakore TAIT Director, GST benfits, GST drawbacks