Dr. Gaur Hari Singhania Institute of Management and Research, organized An Expert session on the topic “Indian Economy in the purview of GST” on 1stApril 2023, by Mr. Piyush Shukla, Additional Commissioner, GST, Kanpur.
Mr. Piyush Shukla is an IRS officer from 2010 batch, and presently he is Additional Commissioner, GST, Kanpur. He is B. Tech. in Civil Engineering from HBTU, Kanpur. He has been felicitated with Young Achiever Award by the Alumni Association of HBTU Kanpur in the year 2020. He also secured Rank 20 in the Indian Engineering Services Examination, in 2007 and joined the Indian Railways, and was posted in Howrah Division where he constructed bridges and laid down several kilometers of railway lines for connecting remote places of West Bengal. After joining the Indian Revenue Services [Indirect Taxes & Customs] in the year 2010 and has worked in various capacities at Allahabad, Mumbai & Kanpur.His contribution to rolling out of the new tax regime i.e. GST in Mumbai Zone, the financial capital of the nation by way of migration of taxpayers and their handholding was appreciated. During his posting at Foreign Post Office, Mumbai he carried out the computerization of an age-old manual process of assessment of postal imports. He has contributed to the field of investigation & prosecution in Customs as well as GST and curbed tax evasion practices in his jurisdiction. In addition to his technical and administrative acumen, He is also the author to a couple of books in Hindi namely “Agyaat Chitwan” a poetry compilation, and “The Lockdown Stories” a novel on the historical lockdown due to Covid-19.
Mr. Shukla started the session with an introduction of GST as a game changer and one tax for manufacturing, trading, and services. He highlighted the benefits of GST in the form of decrease in inflation, ease of doing business, decrease in black transactions, protection of domestic industry etc., in contrast to the limitations of previously existing tax regimes such as the cascading effect of taxes, multiple registrations, different points of taxation, lack of uniformity. In the discussion of salient features, he shared crucial information about the coverage of GST, Central tax (CGST) and State tax (SGST), Union territory tax (UTGST), and IGST mechanism along with its advantages. He concluded his session with the thought that due to special features of GST such as one nation, one tax, one market, simplification, reach to the global market, technology-driven, and better compliance, GST can put a significant positive impact on the Indian economy. The session provided important insights for understanding the business and administration perspectives of GST and its impact on the Indian Economy. Students raised queries related to the practical implications of GST, which were elaborately discussed.