With the implementation of Goods and Service Tax (GST), there would be a growth in the GDP if everybody abides by it and 70 per cent of the registrations are complete in the country, said Central Excise, Customs and Service Tax, Kolkata and Shillong Chief Commissioner SK Panda at a outreach programme on GST and launch of accounting software under GST compliance organised by the Office of Commissioner, Central Excise, Customs and Service Tax , Bhubaneswar-I and the Utkal Chamber of Commerce and Industry(UCCI) here on Saturday.
Central Excise, Customs and Service Tax Commissioner SG Dewalwar said with implementation of GST India is on the verge of a paradigm shift. The Bill’s implementation would ensure a level playing field for big as well as small players. Besides, it would ensure transparency.
But still many people are sitting on the fence undecided. To create awareness GST migration melas are being organised. All those who have not migrated to the GST fold should be urged to migrate, Dewalwar said.
Central Excise, Customs and Service Tax Superintendent P Mohapatra said of late, GST has become the buzz word. Nearly 80 per cent people have migrated to GST till April 30. Earlier, it was tax upon tax, but with the law’s implementation things would definitely change. Inflation would also decrease.
UCCI president Ramesh Mahapatra GST is the biggest reform post- independence and it might boost the economy. UCCI secretary Prashant Satpathy offered a vote of thanks. Among others, UCCI director General Rajen Padhi was present.