Expert Lecture on GST (Goods and Services Tax)

An interactive session on GST (Goods and Services Tax) was organised by Centre of Management and Humanities (CMH), PEC University of Technology on 22nd March 2017 during Industry Academia Lecture Week for the students of B.E. 8th semester. The speaker for the session was FCA Sahil Makkar, Faculty, Institute of Chartered Accountants of India and also an instructor for civil services aspirants. The session was started by Dr. Sharda Kaushik, Head CMH, felicitating Mr. Sahil Makkar with the bouquet. The coordinator and co-coordinator for the lecture were Dr. Anju Singla and Dr. Nidhi Tanwar.

Mr. Makkar gave an in-depth view of GST which is considered as a major reform in the Indian Taxation System. He began with an enlightening note emphasizing on the basics of revenue collection with respect to the Federal Structure of India. Taking real life situations as examples, he explained the nuances related to various tax concepts like direct/indirect taxes, regression/progression related to taxes, etc.

He discussed at length the challenges to the implementation of GST in the current economic scenario of the country. He elucidated the salient features of GST, such as it being a destination based taxation scheme, with a holistic view, embracing pros and cons of each. He simplified the complex procedure proposed under GST and explained it sequentially to the audience. This was followed by a discussion on the benefits to the end customer with the realization of GST.

Over 120 students belonging to B.E. Final year Aerospace, Civil and Mechanical Engineering benefitted from the session. The session was enriching for the students and it ended up with question and answer session.

 

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