New Delhi: In a bid to help traders across the country, including SMB customers and small IT resellers, understand the impact of GST on their business and ensure seamless adoption, the Confederation of All India Traders (CAIT), in association with Tally Solutions recently announced the launch of its nationwide campaign.
The organizations are looking to raise awareness on the procedural compliance under the new taxation system and how traders can embrace technology for easy compliance of GST.
GST is a technology led taxation system with an inbuilt e-compliance fundamental in its design. However, majority of the country’s trading community are yet to adopt computerization for maintaining books and filing tax. In this light, the joint initiative of CAIT and Tally Solutions to spread GST awareness, with proper adoption of technology is a significant step in the successful adoption of GST in India in trading community and non corporate sector of the Country.
At a recent press conference, while announcing CAIT’s partnership with Tally Solutions, CAIT National President B.C Bhartia and Secretary General Praveen Khandelwal, said, “ GST taxation system is entirely different from current taxation system. It will lead to the merger of Excise, Service Tax, VAT and other taxes under GST, coupled with its e-compliance in totality; it is all the more necessary to equip the traders and other verticals of non corporate sector with adequate knowledge about the procedures and compliance formalities under GST.”
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“CAIT has joined hands with Tally Solutions to impart technology knowledge in this joint initiative and intends to empower and equip the trading community about importance and acceptance of digital technologies, which is expected to drive future course of small & medium sized businesses in India,” he added.
Both Bhartia and Khandelwal said that future mode of business in the Country will largely be conducted through electronic payments and with introduction of GST; the tax will be deposited through either credit card/debit card, NEFT or RTGS only. There will be no Cash or Cheque and tax returns, claiming of input credit, communication between traders and tax department and other incidental activities, all activities will be conducted digitally. Therefore, it is imperative that the traders and other sectors adopt technology and understand procedures of compliance. At a time when the Government is moving towards e-governance, the businesses cannot remain aloof from technology.
Speaking at the conference, the MD of Tally Solutions, Bharat Goenka said, “In the last 30 years, we at Tally have been proud of building the simplest and most advanced technology solutions to help traders across the country grow their businesses. And with GST, the need for such tools becomes critical for businesses to adopt. It is our duty to help such businesses transition smoothly, and with this partnership, we believe we will be able to reach out to trading community at large and help educate them on the law, its implications, and how they can transition smoothly with the necessary technology tools.”
CAIT and Tally Solutions plan to conduct their first GST Conferences across tier 1 and tier 2 cities in India, gradually spanning to cover even the smallest towns.
As part of the campaign, CAIT and Tally Solutions, would be reaching out to over thousands of trade associations, Federations and Chambers across the Country and will also involve national organizations of different verticals from the non-corporate sector. The idea is to train Master Trainers countrywide who in turn will train traders in their respective states.