IMA’s recently concluded CEO Strategy Roundtable
in Goa received insightful perspectives on the Goods and Services Tax (GST) from
Chandramowli Srinivasan, Finance Director of SKF and S Subramaniam, CFO of
Titan. Unlike presentations with lots of charts, containing arrows and circles that
are frequently hard to grapple with, our panellists shared their points of view
without visual aids in the simplest possible terms. They looked at challenges
ahead and how the GST story was likely to unfold. At the very basic level, GST would subsume
lots of indirect taxes thereby making life simpler specifically for the
manufacturing sector. However, it is still a policy in the making with new
notifications from tax authorities popping up from time to time. This clearly
complicates ERP systems used by companies to administer their accounting processes,
with new patches being offered by service providers every few days. In a way,
everybody seems to be learning on the job. The objective The way I see it…
This blog contains Adit's commentaries on business, politics and the economy in addition to other personal musings. #AditJain