Mangaluru: A session on GST for MBA students of Sahyadri College of Engineering & Management, Mangalore was facilitated by Shreyas K M, Assistant Commissioner, Goods & Service Tax, Mangaluru South Division.
In his talk, he outlined the importance of GST, challenges in implementing GST and also the types of tax rates. He mentioned that every citizen wants a civilized society, hence the government collects tax unlike some other countries that collect donations. He highlighted that the major spending of the Government is on Indian Army which protects the nation and hence it becomes our moral responsibility to pay tax. Government has a power on certain portion of the money held by an individual. The current GST structure focuses on “Take it from the have’s and distribute it among the have not’s”. He appreciated the Government in their attempt to wealth re-distribution. While quoting the example of cigarette which falls under high tax bracket, he mentioned that GST has influenced change in behaviour related to sin products/goods.
He also created awareness among the students about how the ignorant are exploited by the learned for registering to GST. This is a user-friendly process initiated by the Government wherein registering online is free for GST but agencies are charging. He walked the students through the various Tax Rates – Nil-Rated, 5%, 12%, 18% and 28%+cess. Session concluded with Q&A wherein students brought into light the issues faced by them with the implementation of GST and the Assistant Commissioner welcomed any complaints with regards to fraudulent activities that we come across in the name of GST.
