Repoty by Jaspreet Kaur from Metro Plus
Faridabad, 11 August : GST- Good & Simple Tax is now a reality & needs to appreciated as a positive step towards Ease of Doing Business implemented by present Govt. under the leadership of Prime Minister Narender Modi- said J.P. Malhotra President DLF Industries Association presenting welcome address to participants of the First Ever Awareness Workshop on “GST AUDIT – Prerequisite & Significance” on 10th August 2017 at Conference Hall
TAP-DC: Explaining the objective of Today’s event, Mr. J.P. Malhotra informed ever since 2015 – DLF Industries Association has organised 6 Seminars on GST- addressed by eminent practicing Chartered Accountants including Bimal Jain, N.K. Gupta, Priyanka Garg, Rajiv Khurana, Nagesh Bajaj. Since GST has now become integral in our Finance, Checks & balances need to understood by enterprises before authorities start GST Audits.
Mr. Vimal Jain gave reflections of GST & its Audit implications. CA Vishal Jain very aptly elaborated the concept of GST Audit & what enterprises need to do as a matter of advance preparation. FAQs were answered & requirements of GST audit under the GST law were explained. Audit has to be taken as effective tool & will help optimizing Tax, incidence, identifying errors, there by adding value.
Need of verification, preview of records, tax position adopted now becomes important. GST Audit is essential for better compliance, lesser tax, evasion, transparency, ease of governance.
Mr. J.P. Malhotra remarked that with the use of DATA collected through Technology adoption, analysis of information so far collected by GST authorities should synergise with the challenges to be faced by the Tax payer.
A very lively interactive Q & A lasting for 45 minutes followed the presentation.
Ms. Charu Smita CEO TAP-DC thanked the participants & their organisation for nominations of large number of participants to be present. She briefly informed about activities of Technology And Personality Development Center TAP-DC & announced the start of 16 hours “MS Excel Skills for Business” with effect from 11th August & very useful event on Waste Management in Enterprises on 17th August at Conference Hall of TAP-DC.
DLF Industries Association would always support all such & similar initiatives which empower our enterprises & employees to do Better Prominent amongst those present among the representatives of companies such as Neuman Engineering, Avery India, ATM Exports, Super Sharp Industries, Bhartiya Valves Pvt. Ltd., Goodwell Industries, K.K. Textiles, Disha Associates, Sidh Master Batches, Polar Auto Engineers Industries, Rebbon ISO Systems, Manav Rachna University, S.kymap Pharmacuticals, Avibha Industries, Isha Exports, Perfect Bread, Anupam Tax Processors, SRG International, Indian Packaging etc.
