: A seminar on 'Indirect Taxes' was organised here on Saturday by HS Management Consultants, Kochi, to spread awareness of the Goods and Services Tax, Service Tax and Value-Added Tax.
The seminar, organised in memory of chartered accountant Saju K. Abraham, was inaugurated by the chairman of Sales Tax Committee of the Calicut Chamber of Commerce MK Nasar. Tom Joseph, Department Member of VAT appellate tribunal, was the chief guest on the occasion. Experts in various fields presented papers on Indirect Taxes in the technical session. The seminar discussed the advantages and disadvantages of GST as well as other taxation systems.
Managing Partner of Saji and Co Stanley James spoke on VAT and works contract as well as the salient features of GST. Latha K., lawyer at the High Court of Kerala joined him in the latter session. V. Unnikrishnan, former superintendent of Central Excise and Customs, Kochi, spoke on 'Recent Developments under Service Tax.'
The interactive session at the end of the seminar saw overwhelming participation from the participants. Former Assistant Commissioner of Commercial Taxes CD Babu and Partner of Saju and Co Jayson Jacob Mathew joined the panel to answer the queries raised by the participants.
Queries were raised on various issues faced by businessmen in the State, mainly due to the complicated taxation rules.
Mr. Unnikrishnan pointed out that the GST offered a solution to most of the problems faced by businessmen with regard to taxation.