Page 13 - Plastics News April 2017

AIPMA AT WORK

Conference on GST: Way Forward & Challenges

A Conference on GST: Way Forward & Challenges was
organised by the Ahmedabad Management Association on
08th April, 2017, at Ahmedabad. The Conference started
sharp at 11.00 a.m welcoming Chief Guest; distinguish
speakers and delegates from industry. Mr. Harshad Desai,
Chairman- Seminar & Conferences, AIPMA along with
GSPMA representative welcomed participants with full
enthusiasm. They proceeded further to light the lamp and
inaugurated the program.
Total 150 participants attended from plastics fraternity.
The conference kicked off with master of Ceremony Mr.
Harshad Desai calling upon Chief Guest and speakers on the
dais and further welcomed by giving WELCOME ADDRESS. With regards to Input tax credit provision which is quite
The conference took off with keynote speech by Chief elaborative. He said person should be registered taxable
Guest Smt. Mona Khandhar, IAS, Secretary (Economic person who would be entitled as input tax credit charge
Affairs), Finance Department, Government of Gujarat. for use of business.
P.K Plastics International (P) Ltd was the main sponsored Dr. Nilesh Suchak emphazied on “Valuation of Taxable
for this conference with the support of IDFC Bank. Supply and Important Aspects of GST”. He explained on
Chief Guest Smt. Mona Khandhar, IAS, Secretary (Economic types of GST i.e CGST, IGST, UGST and SGST and application
Affairs), Finance Department, Govt of Gujarat delivering of each one and how it function. He also said that there
keynote address. During her speech she said; GST is one three basic provisions which are existing registration,
of the biggest reforms after independence and its going compulsory registration and voluntary registration.
to change the face of India on global stage. She also Our another expert Adv. Samir Siddhapuria gave
mentioned that there are 4 types of rules under GST law presentation on registration and returns of GST emphasizing
and industry has to follow and adhere to it. on migration registration, types of return and procedures;
She also emphasized on rate fitment for plastics industry most importantly he stressed more upon compliance.
i.e minimum 18% to maximum 28 % however which plastics The next session was panel discussion on “GST Preparedness:
items to go in which tax slabs is still under discussion. She Industry Viewpoint”. This session focused on key issues
said exports turnover also come into consideration under faced by industry in current scenario and what is the
GST law. A firm with 20 lacs turnover also, registration is preparedness of companies particularly SMEs and MSMEs.
compulsory.
Under this session where panellist and participants shared
Another speaker CA Nayan Sheth explained provision their viewpoints, concerns and apprehensions. There were
relating to supply and Input tax credit. He was talking lots of question came from participants with regards to
about GST Model Laws and supply of goods divided into their business operation and how GST will be applicable
four categories as schedules and effect of GST law on if a specific situation arises.
businesses and supply of services divided into three
categories as schedules. Vote of Thanks and presenting memento to speakers

He said law is very clear and compliance oriented hence Vote of thanks was then given by Mr. Harshad Desai,
whatever transaction will take place in any firm an invoice chairman- Seminars & Conferences from AIPMA thanking
has to be created. Under section 7 supply of services all participants, chief guest and speakers from the industry
explained in detail. and the plastics fraternity as well.

13 April 2017 | Plastics News