Jalandhar 3 February (Gurkirat Singh)- An interactive session on GST (Goods and Services Tax) was organized in Innocent Hearts Group of Institutions, Loharan Campus. The speaker for the session was Mr Ashwini Kohli Senior Vice President, Punjab chamber of small exporters & one tax GST Syndicate Consultant. Mr. Kohli gave an in-depth view of GST which is considered as a major reform in the Indian Taxation System. He began with an enlightening note emphasizing on the basics of revenue collection with respect to the Federal Structure of India. Taking real life situations as examples, he explained the nuances related to various tax concepts like direct/indirect taxes, regression/progression related to taxes, etc. He discussed at length the challenges to the implementation of GST in the current economic scenario of the country. He elucidated the salient features of GST, such as it being a destination based taxation scheme, with a holistic view, embracing pros and cons of each. He simplified the complex procedure proposed under GST and explained it sequentially to the audience. This was followed by a discussion on the benefits to the end customer with the realization of GST. Over 90 students belonging to Management, Hotel management, Information technology and Sciences department benefitted from the session. The session was enriching for the students and it ended up with question and answer session. Group Director Dr Shailesh Tripathi and Principal of Hotel Management Deepak Paul thanked Mr Ashwini Kohli for sharing the knowledge and encourage the students to make use of the information provided by him.
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