Ripples advisory, At the GST roadshow, availing tax credit took center stage

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With the Goods and Services Tax (GST) expected to become effective from July 1, SMEs and supply-chain management executives debated on its finer clauses at the Federation of Indian Chambers of Commerce and Industry (FICCI) symposium held at the Hyatt Regency yesterday.

In an interactive session titled “GST-Transition and the Way Forward”, jointly hosted by the FICCI and KPMG, Sanjay Mahendru, Commissioner Service–I Mumbai, and KPMG partner for GST Sachin Menon, fielded questions regarding the multifarious scenarios on availing tax credit before and after the transitional period. They mentioned relevant clauses for further clarification.