The Constitution (122nd Amendment) Bill, which was passed by the Lok Sabha, and subsequently done so by Rajya Sabha, is almost ready to be adopted as goods and services tax (GST) law to the Indian taxation systems. At this juncture, ASSOCHAM, the leading industry association, and Tally, India’s best-known enterprise software applications provider join hands to make retail community dispel their cloudy notions about this unified taxation regime and help them steer smoothly and without any fear into the new ecosystem for doing business.
Towards this end, an MoU was signed between D.S Rawat, Secretary General of ASSOCHAM, and Sathya Pramod, Chief Financial Officer (CFO), Tally Solutions.
“Since the inception of GST discussion, Tally has been making constant efforts to demystify the new taxation policies for businesses and help with its smooth transition. This association with ASSOCHAM gives us a wider platform to reach out to the retail community and acquaint them with the technological changes that they need to adopt in the next few months. A thorough understanding of GST will allow these businesses to continue their functions comfortably post the roll out as well”, said Sathya Pramod, Chief Financial Officer (CFO), Tally Solutions Pvt Ltd.
on the other hand, D.S Rawat, Secretary General, ASSOCHAM, said, “The GST has created a lot of clamour in the business community given the technological changes required to comply with the law. The lack of clear knowledge at the grassroots level about the draft Bill is another reason for resistance by the smaller businesses in the Nation. We are happy to partner with Tally on this, as this provides our members a platform to understand the significance of this new taxation policy and make an easy transition towards it”.
To begin with, ASSOCHAM and Tally Solutions would conduct a series of conferences for the retail community across the nation—including Mumbai, Chennai, Delhi, Hyderabad, Pune, Indore, Cochin, Goa, Coimbatore, Jaipur, Lucknow, Dehradun, Bhubaneswar, Jammu and Guwahati—over the next few months. Tax experts from government bodies would be participating in these conferences to help clear the air about GST, by discussing the laws and their implementation in these events. The conferences are designed to help the businesses shift from the existing taxation method and adapt to the new technology led law with ease.