GST has brought transparency in the system

GST has brought transparency in the system

The Institute of Cost Association of India (ICAI ) holds a one-day seminar on GST, Banking & Insolvency Code and Valuation Rules-2017

The Voice of Chandigarh News | Photos By T S Bedi

The Institute of Cost Association of India (ICAI ), Northern India Regional Council and its Chandigarh Panchkula Chapter held one day seminar on GST, Banking & Insolvency Code and Valuation Rules-2017, at The Lalit Hotel, IT Park.

Delivering a key note address on the occasion,CMA Sanjay Gupta, President of ICAI-CMA said, “Ethics and Integrity need to be brought in the system and we are working in all aspects to bringing the transparency in the economic system.” He further updated the participants about new initiatives of the ICAI-CMA and what challenges the Accounting bodies have to face in the regime of Artificial Intelligence (IA) era when audit will not be the job of the accounting professionals.

While addressing the gathering, CMA Sanjay Tandon, Chandigarh-  BJP President who was one of the Guests of Honour, called GST, India’s one of the biggest economic reform, which brought transparency  in the Indian Economic system and said, “Earlier government worked on 30 % of the society, which was reasonably good but the effect of decision making could do better. But Modi government addressed the rest 70 percent of the society.

During the seminar, Vivek Atray, IAS Retd said, “World is looking at Indian Economy with a lot of confidence and faith that India will lead the way and show the way to many developing countries.  Indian economy has transformed from one phase to another, more transparency and efficiency came in the system which without GST was not possible”. He appreciate the efforts of CMA profession for conducting such seminars in the interest of all stake holders.

On the occasion, CMA Sunil K Singh Chairman –NIRC also expressed his views on the theme of the seminar, “New Economic Reforms and role of CMA profession”. He also requested the government to give CMA its due role  in achieving the mission of ‘Make in India’. CMA L.N. Aggarwal, Chairman Chandigarh-Panchkula Chapter welcomed all the participants for joining the seminar and making a valuable for all the stake holders.

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