The Goods and Services Tax (‘GST’) regime is set to replace multiple State and Central levies with a single tax regime. Introduction of GST would provide a platform to both – Government and industry, for structured approach and productive focus on business growth contrary to ambiguous and cost inefficient and compliance burdened one.
GST implementation would need planned and meticulous approach by industries including F&B sector, in which, the challenges under indirect tax regime are at its peak. Introduction of GST would provide an opportunity to revamp the business model to enable management to focus on core business activities.
While approach for implementation of GST could differ from industry-to-industry and also between entities within same sector, the challenges and impact of GST on F&B sector would be relevant to highlight providing ease in GST implementation perspective.
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Date: 19 January 2017
Time: 13:30 – 16:00 hrs