Mangalore, May 28: “The government aims to make the tax policy fair and user friendly rather than hinder trader activities,” said Ajay Seth, Commissioner of Commercial Taxes of Karnataka in an interactive session on ‘E-Governance initiatives – Recent Developments under K-Vat Act’ in the city.
The session concentrated on online uploading of purchase and sales statements and was conducted under the joint venture of the Kanara Chamber of Commerce and Industry (KCCI) and Institute of Charted Accountants of India (ICAI) on May 28, Wednesday.
Saying that, all possible moves towards simplification of tax policy is being done by Govt., Ajith also referred to the E-Governance initiative and touched upon several online services like e-payment, E-Sugam etc. He also informed that the Goods and Service Tax which is considered the biggest Taxation reforms in the nation will be ready by April next year and that all states have agreed to implement it.
“All indirect taxes on goods and services both by the Union and State Governments will be replaced by one single tax i.e. GST (Goods and Services Tax).
Shyamala Shenoy, chairperson, Mangalore branch of ICAI, M Ganesh Bhat, Ram Mohan Pai Maroor, Nanda Gopal Shenoy and others were present