AMCHAM’s Eastern Region, in association with EY as their knowledge partner, organized a roundtable discussion on the goods and service tax, ‘GST & GSP – ASP – Latest Developments, Impact Areas and Way Forward’ on 16th June 2017 in Kolkata.
Mr. Dinesh Agarwal, Partner – Tax & Regulatory Services, EY, gave the opening remarks regarding the ongoing developments on GST in India vis-à-vis global economies, followed by a detailed presentation by Mr. Sidhartha Jain, Partner – Indirect Tax, EY. Mr. Jain deliberated on critical areas having a bearing on various sectors/industries especially on IT-ITeS and the services sectors. He also discussed about the credit mechanism, compliance requirements (vis-a-vis role to be played by GSP-ASP) and present status of the government, industry and other stakeholders from a preparedness perspective. He gave further insight on various business, IT and process changes that GST would entail.
The interactive session generated a lot of queries which were explained in detail by both Mr. Agarwal and Mr. Jain. Mr. Debdas Sen, Chairman – Easter Region, AMCHAM and CEO, TCG Digital Solutions, hosted the event. Mr. Sen gave the welcome address and concluded the session with a vote of thanks to the EY team and members present and said that more sessions on GST would be planned, as requested by the members present, since it was important to help members understand the direct implications as GST gets rolled out.
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