Growing focus

There is a growing focus of J&K administration for the GST collection and for this purpose officials are being trained.

In this direction recently Two-Day Capacity Building Programme on GST for STOs commences at Jammu, Srinagar

In the second session of the day, ICAI’s resource person Numit Verma delivered the lecture on preparation of Financial Statements while Umer Bashir covered a similar topic for officers of Kashmir division in Srinagar.

The Capacity Building programme also deliberated on issues like GST law pertaining to real estate, hospitality and tourism sector, banking and insurance industry, work contracts as well as analysis of financial statements of banking and insurance companies with GST perspective.

Types of Red Flag reports, investigation experiences – interesting cases with practical insights, system overview of scrutiny and audit and return and E-invoicing under GST were also deliberated during the session.

Speaking on the occasion, Namrita Dogra said that the Capacity Building Programme has been initiated under the guidance of Commissioner State Taxes Department, Dr Rashmi Singh, and is result of the recent MoU signed by the department with ICAI in presence of Lieutenant Governor, Manoj Sinha. She said that this strategic move not only enhances the productivity of tax officers of the department but also promotes significant partnership between the Chartered Accountant community for larger economic growth of the nation.