Session on GST with Ernst & Young
AmCham Hyderabad organized a session on GST at Westin Mindspace on 24th January. Siddhartha Jain from Ernst & Young led the session and encouraged the participants to make it as interactive as possible. The session commenced with Siddhartha giving an overview of GST and mentioned it would, in all probability, be effective from 1st July 2017. He explained to the audience what GST meant to manufacturing, services and the hospitality industry and the implications of the same on these sectors. He also discussed the increase in compliances and the impact of GST on not just the tax part but the value chain as a whole. Preparing for GST is three fold – understanding the impact on business as a whole, implementation and transition planning.