Bengaluru, Dec 9 (KNN) The Karnataka Small Scale Industries Association (KASSIA) in partnership with the state government today organized a workshop for MSMEs on “Front End Business Process on GST Portal”.

The Workshop, a first of its kind, was organized by the Goods & Services Tax Network (GSTN) to explain the front end IT infrastructure and the portal encompassing the GST system, said KASSIA President A Padmanabha.

He said it was an extremely significant event where the complete outline of the GST registration, payment and the return processes were explained in detail.

Inaugurating the workshop, Rithvik Pandey, Commissioner of Commercial Taxes, Government of Karnataka, emphasized that the common portal would be one and the same in the entire country providing the registration, returns filing and the payment forms across India.

He said there would be one registration for both Central and State GST and the enrolment process would be simpler and faster.  The aim of the Government was to make the portal user friendly and cater to the complete needs of the tax payers.  Here afterwards they would be provision for online returns only with no other option.

He said GSTN would bring in uniformity in tax administration in the country.

Rajiv Agarwal, Senior Vice President, GSTN, New Delhi, outlined in detail the registration and other processes including the payment procedures to be followed by the tax payers under the new system.

He also pointed that the Workshop organized today was the first anywhere in the Country with one more being organized at Hubli in the same series and was thankful to KASSIA and the Karnataka Government for facilitating this.

Padmanabha, while inaugurating the workshop, said that GST would be a game changing reform for the Indian economy by developing a common Indian market and reducing cascading effect of taxes.

He said it will impact the tax structure, tax incidence, tax computation, tax  payment,  compliance, credit utilization and reporting, leading to complete revamp of the present indirect tax system.  GST would have a far reaching impact on almost all the aspects of business operations in the country such as pricing of products and services, supply chain optimization, IT, accounting and tax compliance system. (KNN Bureau)