Bengaluru, 26th June 2017: Videocon, a major consumer electronics and DTH company, along with ASSOCHAM and CEAMA, organized a GST Summit for traders where the implications of the proposed ‘one nation-one tax’ were discussed. The summit also addressed doubts raised by consumer electronics retailers. The Bengaluru chapter of the ASSOCHAM CEAMA GST summit powered by Videocon and Videocon d2h was inaugurated by the Chief Guest– Shri. R.V. Deshpande, Honourable Minister for Large and Medium Scale Industries, Department of Commerce and Industries, Government of Karnataka. The seminar was also addressed by Shri. Narayan Swamy, Commissioner – Service Tax, Bengaluru.
Bengaluru is one of the 200 cities where Videocon plans to spread awareness and impart knowledge about GST, to consumer electronics trade partners. The national rollout of the ASSOCHAM-Videocon GST Summit in Delhi was welcomed by Shri Arjun Ram Meghwal, Honourable Union Minister of State for Finance, Government of India. He commended ASSOCHAM and Videocon for organizing the summit for the benefit of the trader community.
Addressing the seminar, Shri. R.V. Deshpande, Honourable Minister for Large and Medium Scale Industries, Department of Commerce and Industries, Government of Karnataka said, “At the outset, I deem it is my privilege to be a part of this important event being organised by ASSOCHAM, and Videocon for the awareness on the GST, and appreciate this initiative to address the queries of the Retailers and Traders of Consumer Electronics & Appliances. I am glad that GST, at last is seeing the light of the day. I was sure in 2006 itself when then-Finance Minister announced in his Union Budget speech that India would introduce GST by 1st April 2010. I was always sure that GST would be inevitable and will free India from the shackles of archaic indirect tax laws. It is envisaged to pave way for the ‘One Nation One point single Tax’ system. Overall, GST will strengthen the positioning of organised players in market and lend fillip to growth.”
Speaking about the initiative, Mr. Vishal Sharan, Sales Head, Videocon, said, “We are committed to welcome GST and bring everyone in the consumer electronics industry within its ambit. The objective behind organizing this summit was to equip our trade partners in Bengaluru with complete knowledge of GST and prepare them for its implementation. Videocon has always taken initiatives to ensure the welfare and growth of the industry.”
Being a responsible corporate house, Videocon is committed to serve the industry and all its stakeholders. The company recently launched a digital helpline for retailers, GST@vgmail.in, where consumer electronics retailers can email their queries with regards to GST. Videocon will endeavor to respond with the help of experts within 48 working hours.
GST Summit received a tremendous response from traders in Bengaluru. Around 600 Consumer Electronics retailers attended the event who utilized the platform to clarify all their GST queries.