GST and its Impact rev1

1

Tax Impact

Goods

Service

&

All – Goods = Service!

Spirit out of Purview!

Harish Pant Managing Director

India Supply Chain in Chains!

Non Value Added Activities Processes End Result

Banking

3

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!

4

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

6

GST Book - Bimal

Impacts of GST

7

Impacts of GST…

•  Simple Tax structure

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

9

•  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….