Benagluru sources have reported that the Commercial tax practitioner Mr. B.T. Manohar had been running from one Goods and services workshop to the next in the state for the past few months. It was stated that he had been conducting workshops which was sponsored by the Karnataka Chambers of Commerce in coordination with the commercial tax department and Central excise department.
Many chartered accountants and tax experts are currently busy with work to the GST roll out, but the confused traders are seeking more doubts on how to make the change. The small vendors are approaching the auditors to know the Harmonized System Nomenclature (HSN) code for the goods they deal.
Meanwhile another area for this
concern is about the calculation of input tax which is carrying forward to GST
stocks that they have as on June 30th. Moreover Chartered accountant Srinath Adiga
said that they have to deal with the clients who are in need to know how to
file returns and the cost impact of GST.