India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, Government of India, conducted a workshop for the benefit of Trade & Industry, Officers and other stakeholders by sensitizing them about proposed Goods and Services Tax: Model Law and procedures at The Ashok, Flagship property of ITDC. The workshop was broadcasted live to all the subsidiary companies/vendors outside Delhi. The video and queries regarding GST would be uploaded on ITDC website to ease the interaction and resolve queries.
The GST Regime which is on the verge of its implementation will mark a paradigm shift in the manner of levy and collection of indirect taxes in the country and is a watershed moment in the annals of tax reform.
Mr. Pradip K Das, Director Finance and CFO, ITDC, welcomed the gathering and highlighted the proposed tax reform as a real game changer for expanding tax base, mobilize resources and also for minimizing regional disparities since it enables predominantly consumer states to raise resources for developmental activities. Mr. Das gave a detailed overview of the GST, the structure of GST Regime and the road map ahead for all stakeholders.
The GST consultants of ITDC in his inaugural address expressed that the country is on the threshold of change which is momentous and assured all stakeholders that all the concerns of trade and industry will be addressed to ensure smooth transition. They explained the various provisions of the model GST law and the implementation of the new GST law.
The workshop was conducted on an interactive basis at the Ashok Hotel as well as at all the Business Units of ITDC and its subsidiaries. Delhi based vendors participated directly, however the units and subsidiaries outside Delhi participated through webcast, where the solutions to queries and issue from the trade partners were provided and assured smooth adaptation of GST compliance.
The workshop was attended by the senior officials of ITDC, representatives of various business partners and other stakeholders.
About India Tourism Development Corporation:
ITDC was incorporated in 1966 with a mandate to develop and expand tourism infrastructure in the country. The Corporation has been moving ahead with consistent efforts on development, growth and world-class services and amenities to its guests. Apart from running Hotels, the ITDC has diversified into non-hotel sectors like Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education and skill development– all under one roof.