Mysuru: Though the GST is expected to be implemented from July 1 this year, the formation and office set up for GST at Central Excise Office will start from June itself, said G. V. Krishna Rao, Commissioner, Central Excise, Customs & Service Tax, Mysuru.
He was speaking at a special interactive session on ‘GST Law: Overview, Impact, Challenges & Roadmap’ organised by CII Mysuru & ICSI Mysuru at private hotel here on Tuesday.
Krishna Rao said “The date has been fixed and as per the official communication which we have received from the Ministry of Finance, GST has to be implemented from July 1.”
“As far as preparedness is concerned we have conducted outreach and awareness programmes on GST which was started a year back. Six months back we were trying to market GST but now people are aware about GST,” he added.
In GST, as far as departments are concerned, there are three things — legal preparedness, administrative preparedness and technology preparedness, he said. All the legal preparedness will be completed by May 15.
Regarding administrative preparedness, the departments have to be reorganised and two zones – Mysuru and Bengaluru zone – will be merged and known as Karnataka Central GST Zone which will be headed by Chief Commissioner, he said and added by May 15, the administrative related works will get completed.
To get acclimatised to the new set up, GST related works will start from June 1 itself, he said.
Arjuna Ranga, Chairman, CII Mysuru, also spoke. P. M. Prabhakaran, Partner, L&S, addressed on the salient features of CGST & IGST; Law / Transition into GST while K. S. Aravind, Associate VP, Tally Solutions and Shravan Raj, Regional Account Manager, SAP India, spoke on the IT system preparedness. S. Raman Kumar, Convenor, Finance & Taxation Panel, CII Mysuru, was present.
Over 150 participants from various industries took part in the day-long interactive session.
This post was published on April 29, 2017 6:48 pm