gst and its impact rev1
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Tax Impact
Goods
Service
&
All – Goods = Service!
Spirit out of Purview!
Harish Pant Managing Director
Banking
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Business Echo System
Technology
Digitization
Infrastructure
Solar
Treaties
Exchange Rate
Oil Prices
Interest Rate
E commerce
Uncertain, Volatile and Changing Echo System
GST
Tesla, Apple and Google in Auto/Aero
3D Print - No multi tier suppliers!
Embedded, IOT, AI – All connect
E Commerce integrator of MSME’s & consumers
Digital money
5G First launch in India?!
No more products – All as service
Social embedded
Smart cities
Digital subsumes finance/Banking
All Cloud!
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Indirect Taxes – Unfriendly at every turn!
EOU Complexities
Countries specific restrictions
Technological restrictions
Logistics constraints
300 Kms =15 hrs lead time!
Order size
Invoicing complexities
Batch Prod and Store
Export Complexities
Payment Complexities
Paper Orientation
GST for a changing world?
• 3D Printed cars you Don’t own, Self Drives, Runs on Charge and No Pollution • Design taxation system for future
Impacts of GST...
• Dramatic Price Reduction - Daal at Rs 20/kg and mangoes at Rs 10/kg! - Integrate Food processing, E –Mandis, Logistics and GST
• No Border check points, Smart system for toll collection
• Saving due to perishable food items not getting spoiled ( > 50%)
• For Manufacturing Companies • Shift to demand driven lean system • Value Velocity • Massive document reduction • Invoicing a child's play
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• Reset organization for and beyond GST roll out
• Build up various emerging scenario beyond 2020 and position business
• Action plan for change over with least negative social impact • Curricular change - Innovation and Entrepreneurship at the core
• Faculty composition to Ideate and create
Going forward….