GOODS AND SERVICES TAX (GST) AND TRAINING FOR ITS IMPLEMENTATION IN INDIA: A PERSPECTIVE

Abstract

Government of India has passed GST Bill in 2016. It would be implemented from the second quarter of the financial year 2017-18. GST training must begin for personnel of the revenue department with Union and State Governments. Then only its effective implementation is possible. It is likely that the way they were administering the indirect tax regime would change. Training needs and perspective become important as not only the rate, submission forms but also the information technology system that they were using would also change. Similarly, GST would impact businesses as there would be changes in certain processes. Training must cover: supply chain network, marketing and pricing and accounting. AS GST is likely to impact from partnership firms, individual service providers, small, medium and micro firms and large industries, all of these firm representatives are to be trained. Thus, millions of such professionals need to be trained.