Karnataka Sales Tax Practitioners Association (KSTPA) announced the signing of a Memorandum of Understanding (MoU) with Tally Solutions to educate STPs across Karnataka on GST compliance.
KSTPA will conduct GST education camps for all its members taking them through the nuances of GST and the impact it will have on their business while Tally Solutions will enable them with the knowledge on how technology and its adoption can help STPs comply seamlessly in the GST era. These GST education camps are stated to commence from early November and aim to address the entire STP community in Karnataka within the next 60 days.
On the occasion of the MoU signing, Mr. Sathya Pramod, CFO, Tally Solutions, said, “The dawn of the GST era would mean that millions of businesses would need to be educated and updated with technological tools to be tax compliant. The STP community will play a major role in this regard. KSTPA’s initiative to on-board all its members with GST information is commendable and being in the technology space since the last 30 years, we see it as our duty to help all our stakeholders be GST ready, in every way we can.”
S Prakash, General Secretary, KSTPA, who was also present at the event said “With GST we are headed towards a new environment of compliance verification and accounting that is entirely computerised with minimum human intervention. In this regard, it is crucial that our members understand this technology based law in time and are fully prepared to embrace it. We are happy to collaborate with Tally in this and hope they will extend full support in imparting GST related know-how, much like what they did when VAT was introduced in the country.”