The Merchant's Chamber of Commerce and Industry along with the Office of the Commissioner of Service Tax II, Kolkata hosted a seminar on Model GST Law, as part of the outreach programme to the business community to make them aware of the different provisions of GST.
"GST is a historical leap, which will help in nation building", said Partha Roy Chowdhury, commissioner, Service Tax II, Kolkata, while inaugurating the seminar. He said that GST had been based on the concept of one India - one nation - one tax", encompassing all indirect taxes.
Arun Kumar Agarwal, of MCCI gave a brief overview of Model GST law. He spoke on Dual GST for intra-state activities and IGST for inter-state activities and elaborated on the concept of 'supply', being the principal parameter in determining taxes.
Senior officials of the Commissionerate also spoke on the occasion. Debashis Guha Biswas a superintendent of Service Tax spoke on input tax credit and narrated how doing business will be easy under GST regime. While his colleagues Ankan Bose and Ashok Das spoke on various areas of GST like migration, registration, valuation and others.
Source: timesofindia.indiatimes.com