ICTACT Journal on Management Studies

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Goods and Services Tax (GST) and Training for its Implementation in India:A Perspective


Affiliations
1 Department of Management Studies, Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya, India
2 Loyola Institute of Business Administration, India
     

   Subscribe/Renew Journal


Government of India has passed GST Bill in 2016. It would be implemented from the second quarter of the financial year 2017-18. GST training must begin for personnel of the revenue department with Union and State Governments. Then only its effective implementation is possible. It is likely that the way they were administering the indirect tax regime would change. Training needs and perspective become important as not only the rate, submission forms but also the information technology system that they were using would also change. Similarly, GST would impact businesses as there would be changes in certain processes. Training must cover: supply chain network, marketing and pricing and accounting. AS GST is likely to impact from partnership firms, individual service providers, small, medium and micro firms and large industries, all of these firm representatives are to be trained. Thus, millions of such professionals need to be trained.

Keywords

Economic Growth, Goods and Services Tax, Domestic and International Markets, OECD.
Subscription Login to verify subscription
User
Notifications
Font Size

  • History of GST, Historical Background of GST, Available at: https://gst.caknowledge.in/historical-background-gst/

  • GST and Economic Growths, Available at: http://www.lawcrux.com/data5t/gt/gtartl/gst_economic_growth.htm

  • GST, Available at: http://www.gstindia.com

  • Moving to Goods and Services Tax in India: Impact on India's Growth and International Trade, Available at: http://www.ncaer.org/publication_details.php?pID=30

  • GST Training: Govt Faces Steep Climb as Deadline Nears, Available at: http://indianexpress.com/article/india/india-news-india/gst-training-govt-faces-steep-climb-as-deadline-nears-3061001/

  • GST-Global Scenario, Available at: http://www.moneycontrol.com/news/business/economy/india-joins-global-league-heres-the-list-of-gst-rates-across-the-world-2283941.html

  • Alain Charlet and Stephane Buyden, “The OECD International VAT/GST Guidelines: Past and Future Developments”, International Vat Policy Developments, Vol. 1, No. 2, pp. 175-184, 2012.

  • Alain Charlet and Jeffrey Owens, “An International Perspective on VAT”, Tax Notes International, Vol. 59, No. 12, pp. 943-954, 2010.

  • Goods and Service Tax (GST) In India-Challenges Ahead, Available at: https://www.icsi.edu/portals/70/GST%20-ICSI%20(28%2002.pdf

  • Vivek and Parchi Patil, “A Treatise on Goods and Service Tax - NDA cornerstone on Taxation”, Available at: http://www.gstindia.com/gst-is-going-to-end-our-tax-woes.

  • An overview of GST, Available at: http://pib.nic.in/newsite/PrintRelease.aspx?relid=161273.


Abstract Views: 269

PDF Views: 0




  • Goods and Services Tax (GST) and Training for its Implementation in India:A Perspective

Abstract Views: 269  |  PDF Views: 0

Authors

B. Anbuthambi
Department of Management Studies, Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya, India
N. Chandrasekaran
Loyola Institute of Business Administration, India

Abstract


Government of India has passed GST Bill in 2016. It would be implemented from the second quarter of the financial year 2017-18. GST training must begin for personnel of the revenue department with Union and State Governments. Then only its effective implementation is possible. It is likely that the way they were administering the indirect tax regime would change. Training needs and perspective become important as not only the rate, submission forms but also the information technology system that they were using would also change. Similarly, GST would impact businesses as there would be changes in certain processes. Training must cover: supply chain network, marketing and pricing and accounting. AS GST is likely to impact from partnership firms, individual service providers, small, medium and micro firms and large industries, all of these firm representatives are to be trained. Thus, millions of such professionals need to be trained.

Keywords


Economic Growth, Goods and Services Tax, Domestic and International Markets, OECD.

References