GST is a historic leap: Service Tax Commissioner
“GST is a historical leap, which will help in nation building”, said Partha Roy Chowdhury, IRS, Commissioner, Service Tax II, Kolkata, in his inaugural address. He said that GST had been based on the concept of “One India – One Nation – One Tax”, encompassing all indirect taxes. He also gave brief details about the series of such Outreach Programmes, which would be conducted at districts also.
The MCC Chamber of Commerce & Industry (MCCI) organized a Seminar on Model GST Law jointly with the Office of the Commissioner of Service Tax II, Kolkata on Monday. The objective of this Outreach Programme by the Commissionerate of Service Tax II, Ministry of Finance, Govt of India was to reach out to the business community to make them aware of the different provisions on Model GST Law.
Arun Kumar Agarwal, Chairman, Standing Committee on Indirect Taxes & GST, MCCI gave a brief overview of Model GST Law. He spoke on Dual GST: CGST & SGST for intra–state activities and IGST for inter – state activities and elaborated on the concept of ‘supply’, being the principal parameter in determining taxes.
Senior officials of the Commissionerate also spoke on the occasion covering various areas of GST viz. Migration, Registration, Input Tax Credit, Valuation and others. (EOIC)