Don't take enactment of GST lightly, says Kpi DC
Source: The Sangai Express
Kangpokpi, July 11 2017:
In a significant development after the enactment of Goods and Services Tax in the State, the first ever GST awareness program in the hill districts of Manipur was conducted today at Kangpokpi DHQs .
With a motive to impart awareness and familiarize the new Tax Law among the people of Kangpokpi district the district administration organized a one day awareness cum interaction and briefing program on GST in collaboration with Taxation Department today .
Dealers, Shopkeepers, VLEs of Common Service Centres (CSCs) functioning in Kangpokpi district and other stakeholders concerned participated in the awareness cum interaction and briefing program at the Conference Hall of the DC office .
The program was also attended by various experts from Taxation Department led by RK Khurkishore Singh, Asst.
Commissioner of Taxes in the presence of DC T Ranjit Singh and Kaigoulal Kipgen, SDC (HQs) .
Drawing the attention of dealers, shopkeepers, VLEs of CSCs operating within the District and other stakeholders, the Deputy Commissioner asked them to register under GST Act, 2017 at the earliest for smooth functioning of their respective businesses and stressed the important roles of VLEs of CSCs in helping the stakeholders concerned in the registration process .
"Don't take the enactment of Goods and Services Tax lightly as the unregistered dealers, shopkeepers can encounter tremendous problems in their business operation", asserted T Ranjit Singh before adding that enforcement of the new Tax Law will vastly benefit the people in future .
The IAS officer continued that the district administration is very much serious about the enactment of GST Act and urged all stakeholders more particularly businessmen, dealers, shopkeepers, etc to register under the GST Act, 2017 .
"Make Kangpokpi district the fasting in registration under the new Tax Law, GST Act, 2017 is the message to all the people of Kangpokpi district", said the DC .
Enlightening dealers, shopkeepers and also the VLEs of Common Service Centres operating in Kangpokpi district on GST, RK Khurkishore explained the meaning of GST, shortcomings of present tax structure, silent features of GST, benefits and structures of GST, its works and benefits for Manipur and more important how to register under GST Act, 2017 .
He said that GST is a single tax levied on supply of goods and services right from manufacturers to consumers and a consumption tax based on destination in which revenue will accrue to the consuming State while it is essentially tax on value addition at each stage which is achieved through the benefits of Input Tax credit (ITC) of the tax remitted at previous stages .
Khurkishore also said that there are two components of GST which include Central GST (CGST) levied and collected by the Centre and States GST (SGST) levied and collected by the State and it (Centre and States) would collect CGST and SGST on all transactions of supply of goods and services within a State, i.e.intra-State supply .
He further said that CGST and SGST will be levied simultaneously on goods or services transactions with dealers registered within the same State whereas Integrated GST (IGST) will be applicable on goods or services transactions with dealers registered in different States .
The officer further said that replacement of multiple taxes by a single tax, set-off of prior-stage taxes would mitigate the ill effects of cascading tax burden on goods and services would decrease, benefiting the common man.
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