These workshops will educate traders, merchants, and businessmen on the uniform indirect tax under GST, that is to come into effect on July 1, 2017. The bank would be conducting over 500 workshops will be held at over 300 towns and cities in the coming time.
GST is proposed to be a comprehensive indirect tax on manufacture, sale, and consumption of goods as well as services at the national level. The introduction of GST will transform India into one unified market and replace all indirect taxes levied on goods and services by central as well as state governments.
As part of this initiative, HDFC Bank will educate traders, merchants, and businessmen in following areas:
- Introduction and benefits
- Procedures for registering
- Workflows and case studies
“As the nation moves towards ‘One Nation – One Tax’ with the rollout of GST, we as a socially responsible corporate citizen are happy to contribute in educating the business community on the merits and processes of GST. The workshops to be held at over 300 towns and cities will give the audience an in-depth look into GST, with workflows, case studies,” said Mr. Navin Puri, Country Head – Branch Banking, HDFC Bank Ltd.