Awareness Program On GST to Industrialists in Cherlapally Industry Zone
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In a historic move by the Government Of India to introduce a uniform Taxation policy throughout the country the introduction of GST with effect from July 1st, 2017 is going to be of great benefit to one and all said CII president, Mr. K. Harish Reddy. A special awareness program on GST was organized for which various Industrialists belonging to Small and Medium Enterprises in the Cherlapally Industrial Area attended the meet organized in Industrialists Union Auditorium on 29th June 2017.
Noted Chartered Accountant Ms. Ankitha Moosani along with her team presented the major highlights of GST she said that now industries need to pay only GST for procuring raw material required for their industries and it will be uniform throughout the country. The gathering was told that there are the lot of benefits associated with GST as input subsidies will be given on Goods and services through the GST. The Industrialists were told that switching over to new accounting system by registering their firms in accordance with GST laws is mandatory with effect from July 1st, 2017.
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