RAJA PEARY MOHAN COLLEGE

Uttarpara, Hooghly, West Bengal

A heritage college established in 1887; Affiliated to University of Calcutta
ISO 9001:2015 & ISO 21001:2018 certified
Hub College of Serampore Sub-division, Hooghly District

National Seminar on “Goods and Service Tax in India: Challenges and Opportunities” at the Department of Commerce

Date: 8th and 9th December 2017

Speakers: Dr. Partha Chatterjee, Dr. Amit Mitra, Dr. Asim Dsgupta, Prof. A. K. Das, Prof. Dhrubaranjan Dandapat, C. A. Chiranjib Das, C A Krishanu Bhattacharya and so on.

About the Seminar:

After a long discussion and meeting with various stakeholders, Government of India introduced GST on and from 1st July, 2017 all over India. In those meeting C.G. argued in favour of various opportunities, GST could avail of. The most important of them was elimination of cascading effects of different tax levied at state level and centre level one after another on the supply chain. Secondly, it is expected that the introduction of GST will increase the Tax Base and will lead to higher amount of revenue to both state and union level. Thirdly, GST will reduce transaction cost and remove unnecessary wastage by means of single registration and single compliance. Since GST was featured as one point single taxation it gives a lot of confidence and comforts to business community in anticipation that they would focus on business rather than worrying about various type of taxation that may crop at later stage. Not but the least, it is accepted that GST would reduce the average tax burdens on the ultimate consumers and also would be a step towards corruption free India Revenue Service. Keeping in mind the various opportunities stated above, it seems to be the right time to review the newly enacted GST Laws in order to arrive at a conclusion that how far GST has been able to cope with challenges in respect of i) farming the threshold limit ii) rates of taxation fixed under GST iii) accompanying the various nature of taxes like excise duty, cess, service tax, state level VAT etc. iv) allocation of government resources between state and centre and v) simplification of the system leading to high conformity with the administrative measure and polices.

Sub Themes:

  1. Accounting for GST
  2. GST: Impact on Federal Financial Structure
  3. Registration and Submission of Return under GST
  4. Impact of GST in Small & Medium Enterprise (SMEs)

In view of the above, Department of Commerce, raja Peary Mohan College, Uttarpara, considered in high time to organize a national level seminar in collaboration with Indian Accounting Association on GST to promote understanding and awareness about the pros and cons of implementing GST in Indian Economy and also to discuss major related issues. Several eminent speakers and resources persons will deliver lectures followed by presentation of papers by participants on the theme of the seminar, which will benefit participating delegates, educationists, entrepreneurs and scholars as well as students.