Finance club of Gian Jyoti Institute of Managements and Technology organized an informative talk on "implementation in implementation of GST".Alok Krishan renowned Chartered Accountant of the Tricity was the keynote speaker on the occasion.While talking on the occasion Alok Krishan said that India became a single market reducing the cost and time on movement of Goods. Collection of more tax revenue for the government, yet lower tax burden for the industry. Infect the introduction of GST has lowered prices for many manufacturing products. GST expected to lead towards the overall growth of GDP.Alok Krishan also discussed with the students about turnover, what does supply means, what is exempt supply, what is nontaxable supply and made students aware about them in detail.
He further talked about the statement "One nation one tax". Under which he discussed that tax system will be implemented with the purpose of levying a single indirect tax across the nation.Mr. J.S. Bedi, Chairman, Gian Jyoti Group of Institutions said that implementation of GST is a major step towards rationalization of taxation system in India. It is helping in creating a positive environment for domestic and international companies to make investments in Indian economy. Mr. Bedi also said that it is also helping to build a transparent and corruption-free tax administration.