Indian Exhibitions, Conferences & Event Services Association (IESA), organised a one day seminar on Goods And Services Tax (GST) and its impact in the India Exhibition Industry on 2nd August, 2017. CA Raman Kathuwala expert in GST was the prominent speaker. The event started with a slideshow showcasing list of the taxes that has been abandoned by the government. After the session, discussion on how the service providers can implement reforms in their tax paying system with the help of GST and how they can escape from all unwanted tax duties that has been imposed over due to the mismanaged tax system. The seminar also focussed on the new revived software system of tally for GST. There was a special one hour tutorial from the expert for the same.
Most of leaders from the service provider industry along with their CA and accountant joined the seminar, it provided information about several taxes imposed on import and export of goods from one location to the other. So far, logistics players in India have been maintaining multiple warehouses across states to avoid CST levy and state entry taxes. Most of these warehouses are operating below their capacity and thus adding to their operational inefficiencies. After implementation of GST, most of the current challenges of this industry has been resolved as now India has became one single market wherein goods can move freely inter-state without any levy.
Tutorial on clear tax GST billing software provided information about:
- Sales and purchase invoice.
- Amendments to invoices.
- SKU- level discounts.
- Simple excel like filters for official billing.
- Handle TDS and TCS declarations.
- Delivery challans (for supply of approvals, supply of liquid gas and others).
Big industry players like Dara Projects, Sardana Exhibits , Shri Balaji Exims, Vashisht Agencies attended the seminar.
Talking to exhibition showcase, Sarbjeet Dara from Dara Projects said , “it is very confusing right now but this seminar done by IESA has cleared many doubts and we require such more seminar so that it will be clarified more”.
“its too early for an conclusion as there is way confusion all aroung regarding GST. Our services are not effected as much but the tax duties that we have to pay for other states is not cleared, well we require more clarification”, Tarun Sardana, Sardana Exhibits
“I am a CA from 86 batch, GST is good for our service industry, we are not liable for unnecessary taxes”, Anil Batra, Shri Balaji Exims
“We participated in this seminar organised by IESA to know more about GST. There are doubts but I believe that it will be cleared soon”, N.K. Kapur, N.K. Kapur& co. pvt. ltd.