News & pics: Rons Bantwal

Daijiworld Media Network - Mumbai

Mumbai, Jul 3: Model Co-op Bank Ltd in association with Christian Chamber of Commerce and Industry and Dimensions organized a seminar on GST (Goods and Service Tax) at Xavier Institute of Engineering- Mahim on Tuesday June 27 at 5.30 pm. The aim of the seminar was to educate people about GST, the changes that it brings to the present taxation structure and its impact on us. The seminar was well attended by around 300 entrepreneurs.

The gathering was addressed by two eminent speakers - G V Bilolikar (jt comm of sales tax, Mumbai) and Dr David Alvares (dy comm of sales tax, Mumbai). The seminar was chaired by Albert W D’Souza (chairman of Model Co-op Bank Ltd), who was joined on the dais by Anthony Sequeira (chairman of Christian Chamber of Commerce and Industry) and Fr Francis De Melo (director of Xavier Institute of Engineering, Mahim).

The welcome address was given by Albert W D’Souza followed by Fr Francis De Melo who spoke on reasons why such type of events are required to educate people. Getting down to the topic of the day G V Bilolikar introduced the subject of the Goods and Services Tax (GST). He gave a broad overview on the subject namely its benefits and impact on various sectors and common man.

Dr David Alvares through a very informative power point presentation covered GST in detail. He discussed the topics of GST as a game changer, invoicing under GST, returns filing and time lines for the same, compliance rating on web portal, reverse charge mechanism, GST tax rates, composite tax etc.

The presentations were followed by a round of question and answers. Since the audience was primarily of entrepreneurs from different fields there were a wide and interesting range of questions which were addressed by G V Bilolikar and Dr David Alvares.

Model Co-op Bank Ltd, Christian Chamber of Commerce and Industry and Dimensions were specially thanked for coming together to organise the seminar on a very current and relevant topic- GST.