Understanding GST laws will make transition easy, says Central excise commission

Dept gears up for legal, administrative, technological preparedness

The Goods and Services Tax (GST) is expected to be implemented from July 1 but its office set up at the Central Excise office will be functional from June itself, said G V Krishna Rao, Commissioner, Central Excise, Customs and Service Tax, Mysuru.

Rao spoke at an interactive session on ‘GST Law: Overview, Impact, Challenges and Roadmap’ organised by the Mysuru chapter of the Confederation of Indian Industries (CII) and the Institute of Company Secretaries of India (ICSI) here recently.

“Introduction of GST will have an impact on each business concern. It will have an immediate as well as far reaching implications on business. The GST laws, as passed by the Parliament, raise several pertinent questions whose implications need to be understood by every business concern so as to get prepared for the smooth transition,” said Rao.

He said, “The date has been fixed and as per official communication from the Union Finance ministry, GST has to be implemented from July 1. As far as preparedness is concerned, we have been conducting outreach and awareness programmes on GST for a year now. Six months ago we were trying to market GST but now people are aware about GST.”

“In GST, as a department, we are concerned about three things — legal, administrative and technology preparedness. The legal preparedness will be completed by May 15. Regarding administrative preparedness, the departments would be reorganised and two zones of Mysuru and Bengaluru will be merged as Karnataka Central GST zone and will be headed by a Chief Commissioner. By May 15 administration related works will also be completed. To get acclimatised to the new set up, GST-related works will start from June 1 itself. Regarding technology, which is handled by different agencies and headed by a CEO, the same have been functional for six months now,” Rao said.

CII-Mysuru chairman Arjuna Ranga said that, “GST is going to change our lives. It is like formatting a hard disk to instal new software to start working from ground zero. GST will have a huge impact on the culture and ecosystem of the business in the long-term. If we look at Ukraine and Pakistan that failed in GST implementation, they could not manage cost escalation. Over the years, they have reformed and we have a lot of lessons to learn from them.”

Tally Solutions associate vice-president K S Aravind and regional accounts manager of SAP India Shravan Raj spoke on the preparedness of IT system. S Raman Kumar, convenor of the Finance and Taxation Panel, CII-Mysuru, was also present.
 

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