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ASSOCHAM and Videocon have organized the first-of-its-kind GST Summit for Traders. The Summit for Traders witnessed deep discussions around GST, addressing retailers’ queries, and offering them a clearer understanding of the GST concept. The seminar was inaugurated by the Chief Guest Shri Arjun Ram Meghwal, Hon’ble Minister of State for Finance, Ministry of Finance. The Seminar was also addressed by Shri R. N. Dhoot, Member of Parliament, and Shri Manish Sharma, President, CEAMA.

 

The ASSOCHAM Videocon GST Summit provided a freewheeling dialogue between experts from Videocon and ASSOCHAM, and Consumer Electronic retailers on GST. The session imparted knowledge on the fundamentals of GST and educated the retailers on the impact of GST on the consumer durables. With the inaugural event in New Delhi, the ASSOCHAM Videocon summit will go to 200 cities ahead of its nationwide rollout on July 1. The takeaways from the Delhi event will be utilized in other cities towards familiarizing the industry players on GST.

 

Shri Arjun Ram Meghwal, Hon’ble Union Minister of State for Finance, Government of India, said, “GST will be beneficial in promoting level playing field and giving an overall boost to supply. In the context of traders, GST will bring down logistics costs massively and bring us at par with the developed nations. It will also simplify filling returns. With India’s biggest tax reforms of the 21st century, the country will be known for its leadership, and the year 2017 will be marked for bringing wholesome economic betterment. While there is an opportunity there is also a need to generate awareness and such seminars are the need of the hour. As a representative of the Government, I promise that businesses will be simplified including the MSMEs. With GST, India will rise up to paying taxes than evasion.”

 

Sandeep Jajodia, President, ASSOCHAM, said, “It’s a nationwide observation that in general, the trade (mostly MSMEs) are not in line with knowledge with GST. Therefore, ASSOCHAM and Videocon have embarked upon the process of training and awareness of GST in a big way, which will be of paramount importance in the smooth rollout of GST. As the contours of GST law are more or less known, the purpose of such programmes is to sensitize the trade across India to make them aware of the salient features of GST.”

 

C. M. Singh, COO Videocon, said, “We are extremely happy to launch ASSOCHAM- Videocon GST Summit which aims to bring the entire industry together on one platform. As the GST date inches closer, Videocon hopes to equip all its partners and make them GST ready. We plan to hold more than 200 of such seminars to raise GST awareness across the country. Videocon has always taken initiatives to ensure industry growth and welfare. Through these GST Summits, Videocon will try to ensure that all queries of consumer electronic traders with regard to GST implementation are resolved and they are GST ready. Videocon is happy to contribute in its small way in the smooth implementation of GST.”

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