The Confederation of All India Traders (CAIT) today launched 'Mission GST', under which it will train 5,000 trade leaders across the country as master trainers who will educate about GST.
The Confederation of All India Traders (CAIT) today launched 'Mission GST', under which it will train 5,000 trade leaders across the country as master trainers who will educate about GST.
"The proposed Goods and Services Tax (GST) is a technology based taxation system, which will change the business landscape in the country.
"The non corporate sector including trading community needs to understand the law today in order to remain compatible at the time when GST is implemented," CAIT National President B C Bhartia said in a release issued here.
GST is an e-compliance taxation system altogether different from current tax regime and nearly 70 per cent of the traders in the country have yet to adopt computers in their existing business system, he added.
CAIT intend to make 5,000 trade leaders as Master Trainer on GST all over the country in next two months, he said.
However, the CAIT in association with Tally Solutions (TSPL), a software product company, has initiated a national drive to help traders across the country understand the impact of GST on their business and to help them be aware of the procedural compliance under the new taxation system.
The drive will also educate traders on how they can embrace technology for easy compliance of GST by upgrading their existing business format, CAIT Secretary General Praveen Khandelwal said.
He said, in the first phase of its national drive, CAIT has so far conducted more than 100 GST conferences in various states and 50 more are on the agenda to train trade leaders to take the initiative down the line.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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