Workshop on the Subject "IMPACT OF GST (Goods & Service Tax) ON INDUSTRIES OF EASTERN UP" at Varanasi on 29th November, 2016 at Hotel

Radisson, Varanasi

Indo-American Chamber of Commerce, Varanasi organized a workshop on the subject “Impact of GST (Goods & Service Tax) on Industries of Eastern UP” on 29th November, 2016 at Varanasi. Mr. Sanjay Kumar Pathak, Joint Commission, Varanasi Zone, Sales Tax, Varanasi was the Chief Guest of this worshop. Mr. Aseem Chawla, Recional Vice President, IACC, NIC was Key-Note Speaker and other Mr. Sarthak Garg and Mr. Sameer Gupta was speakers of this workshop. Mr. Vinay Kumar Shukla Chairman of IACC, U.P. Branch, Varanasi welcomed all Guest, participants and media personals. MR. Umesh Kumar Shingh, Joint Commissioner Industries, Varanasi, BHEL, Varanasi officers, Mr. R.K. Chaudhary, Divisional Chairman, Varanasi Chapter, Mr. Sheshpal Garg, President, Ramnagar Industrial Association, Mr. Piyush Kumar Baranwal, Hony, Jt. Secretary, All India Carpet Manufacturers’ Association, Bahdohi, Shri I.B. Singh, Deputy Director In charge, MSME, Varanasi, Mr. Rajesh Kumar Verma, Prsident, Small Industries Association, Varanasi, CA Vinay Kumar and Mr. Shashi Dhar, AGM, Bank of Baroda, IBB Branch, Varanasi were also present on this occasion. CA Mukul Kumar Shah, Past Chairman, IACC, U.P. Branch, Varanasi conducted this workshop. Representatives of both private and public sectors have expressed their views that they are hopeful of Goods and Services Tax will yield benefits to the Industry. Chief Guest Joint Commissioner of Sales Tax Department, Varanasi, Mr. Sanjay Kumar Pathak said, “GST shall help in converting the nation’s market into one unified market.” GST will subsume most of the present Indirect Taxes into one uniform tax, where all the complexities of rate and compliance from the present indirect tax scenario are expected to be resolved, he added. Summarizing the draft GST model law, he further said that GST is going to have a positive impact on country’s GDP and hence, the economy may experience a boom when the GST will attain a full-fledged pace. “GST shall not be misinterpreted to be a perfect baby” The expectation of nation from Goods and Services tax may be perturbed in post GST regime, said by Mr. Aseem Chawla, Regional Vice President, IACC, NIC & Founder, ASC Legal Solicitors & Advocates. He further said that GST should be accepted with its adequate pros and cons. Moreover, walking towards GST is one of the major steps, the Government has taken in recent times keeping in mind the present scenario. Consequently, GST can be assumed to be implemented within the promised time period. Mr. Sarthak Garg, ASC Legal Solicitors & Advocates, keeping an optimistic approach towards the new tax regime said,“One should buckle up and start preparing for GST to avail the maximum benefit, as an opportunist will not wait for others to take initiative, he will seize the common opportunities and make them great.” Mr. Sameer Gupta, ASC Legal Solicitors & Advocates, said, “The Eastern Up industries like textile, FMCGs etc. may

experience an adequate economic hike as GST will provide ease of doing business and a fare sense of opportunity to both small and big players of industry.” After address of key-note speakers, a brief but lively question-answer followed. Participants presented their problems which were suitably answered by the speakers. Mr. Ahsan R. Khan, Member National Executive Council and Past Chairman, IACC, Varanasi presented the vote of thanks. Past Chairman of IACC Varanasi Mr. Arun Kuamr Agrawal and Mr. Puneet Raman, Vice Chairman of IACC, Varanasi Mr. Shubrato Kumar Paul & Mr. R.K. Goel, and IACC Varanasi Branch Committee Members Mr. Bharat Kumar Agrawal, Mr. Alok Kumar Baranwal, Mr. J.P. Mundra, Mr. Saurabh Shah, Mr. Sahil Garg, Mr. Sanjive Khanna, and member Mr. Ravi Patodia, Mr. Khaksar Alam, Mr. Vinod Agrawal, Mr. Niyaz Ahmad, Mr. Amit Baranwal, Mr. Sanjive Khanna, Mr. Saurabh Jaiswal and many other members of IACC, and other industrial association actively participated in the proceedings.

Presentation by speaker Shri Aseem Chawla, Regional Vice, President, IACC, NIC

Address by Mr. Vinay Kumar Shukla, Chairman, U.P. Branch, Varanasi

Address by Chief Guest Shri Sanjay Kumar Pathak, Joint Commission, Varanasi Zone, Sales Tax, Varanasi

Participants

Participants