Additional Chief Secretary, Finance, cum Development Commissioner Amit Khare on Wednesday said that the introduction of Goods and Services Tax (GST) system is the biggest economic reform in the post independence history of India. Speaking at the All India Seminar on GST organized by The Institute of Chartered Accountants of India, Khare said that information of GST is not only important for professionals but also for the businessmen.
The Additional CS lauded the effort of the ICAI for organising the seminar, which, he said, would help professionals and businessmen equally to get first hand information on GST. He said that after introduction of GST all taxes on goods and services will come under a single tax.
Khare also stressed upon importance of cashless economy in the country as he said that it would eradicate black money. He pointed out that the State government is also improving its infrastructure for GST and cashless transactions and things will improve very fast in near future.
Renowned tax specialist Anand Sainprasad termed GST as a game-changer for the country that will make several changes in trade and business in the nation. He said that GST will bring positive changes in the business and the world will have a positive response towards India.
CA Deepak Garodia, CA Aditya Shah and CA Neeraj Gakhar also shared information about GST with the people.
Earlier, inaugurating the session, Central India Region president of ICAI and Guest of Honour of the programme Abhay Chhajjar said that the ICAI has made a panel of 5000 CAs, who will train not only CAs but will also provide information to government officials and businessmen apart from others.