Meerut Management Association and Indian Industries Association organized a Seminar and Panel Discussion on Recent Amendments in Regulations for Cash Transactions, Service Tax and GST Draft Bill on the 12th of July, 2016 at IIA Bhawan, Mohkampur, Meerut.
CA Dhruv Arora, CA Akash Jain, Advocate Mohit Sapra and Advocate S. K. Mathur were the esteemed speakers who enlightened the present members on Tax on cash transactions, Service Tax and GST Draft Bill.
CA Dhruv Arora informed about section 206 C which covers the new requirements of collection of tax at source for cash transactions and how to adhere to the government regulations while entering into such transactions. CA Akash Jain spoke of rule 114 B, C, D and E which specifies regulation and reporting of certain specified cash transactions and answered queries related to the same. Advocate Mohit Sapra explained about the changes in Service Tax in Budget 2016 and its impact on various groups. He also spoke about the newly introduced Krishi Kalyan Cess, Indirect tax dispute resolution scheme and changes in interest rates and penalties. Advocate S. K. Mathur discussed about the draft GST Bill and changes in the taxation structure post its implementation.
MMA and IIA members and council members were present during the talk. The panel discussion helped in solving many doubts and queries of the members.
The vote of thanks was given by Mr. Ankur Jaggi, Vice President MMA. The members enjoyed high tea after the talk. Mr. Ankit Singhal- President MMA, Mr. Atul Bhushan Gupta- Chairman IIA, Mr. Anurag Agarwal- Secreatary IIA, Mr. SPS Jaggi- Jt. Secretary MMA, Meerut’s renowned Entrepreneurs, Industrialists and professionals were present during the program.
The Event was very well organized by Mr. Harinder Attrey- Executive Director IIA and Mr. Kapil Gahlot- Executive Director MMA.