Defining Goods & Service Tax - PHD Chamber

P H D C H A M B E R B U L L E T I N

Vol. XXXIX No. 3

MARCH-2017 `25

DefiningGoods & Service Tax

SPECIAL REPORT

India Inc. / MARCH 2017 | 1

2 | India Inc. / MARCH 2017

C O N T E N T S

Monthly news bulletin of PHD Chamber

President Mr. Gopal S. Jiwarajka

Senior Vice President Mr. Anil Khaitan

Vice PresidentMr. Rajeev Talwar

Editor:

Mr. Saurabh SanyalSecretary General

Editorial Design & Production:

#1 Ganga Apt., Alaknanda, New Delhi-19Tel. : 011-41704107e-mail: [email protected]; www.indusinc.com

We welcome your feedback and suggestions: [email protected] or [email protected]

For further information, please contact:PHD CHAMBER OF COMMERCE AND INDUSTRY

PHD House, 4/2 Siri Institutional Area, August Kranti Marg, New Delhi-110016

Phone : 91-11-26863801-04 Fax : 91-11-26855450 Email : [email protected] Website : www.phdcci.in

CONTENTS

PRESIDENT MESSAGE 4

CHAMBER AT WORK 6

FOCUS STATES 34

COHESIVE INTERFACE 40

COVER STORY

Supply Time & Place of supply and input Tax credit under Revised Model GST law 41

A big boost in real estate 47

ECONOMY WATCH

Policy Pronouncements and Development 48

EXPRESSIONS

Thus Spoke Finance Minister Arun Jaitley… 50

PHD Chamber’s Partnership to showcase Jharkhand at Suraj Kund Mela 51

PHD Chamber Swachh Paryavaran Campaign 54

HEADWAY

Skill Development Initiatives 57

Towards Inclusive Growth 61

COMMUNIQUE

Bureaucratic Movements 67

New members 67

Media Buzz 68

International Exhibitions 70

Forthcoming Exhibitions 71

Archives 72

Production Editor:

Ms. Neelu Kapoor


President’s MessageFriends,

Today, India is considered a top star per-former in the world with the economy growing at an impressive 7 percent

annually with improved living standards of the masses. Emerging as the most attractive investment destination with long-term po-tential, it is considered the strongest among G-20 countries. I acknowledge the country’s strong macro-economic fundamentals, struc-tural reforms and a shift in investor sentiment, an outcome of the Modi government’s proac-tive approach towards growth that have played a vital role in the improvement of macroeco-nomic indicators.

The government’s recent measures to en-ergize India’s public finance system through rationalization of tax structure, improved financial access through Jan Dhan Yojana, good governance among state-owned banks, introduction of a Bankruptcy Code, digitiza-tion as well as curtailing fiscal expenditure are indeed noteworthy actions. It is heartening to witness that the 2017-18 budget proposals are aimed towards stimulating growth, curb-ing black money, promoting digital economy and simplifying tax administration. Initiatives such as BHIM application and Aadhaar pay have already been incentivizing digitization of the financial system. Following demone-tization, it is now imperative to promote the use of technology for faster processing of tax returns and widening of the tax structure to enhance the country’s tax revenues.

Encouraged by buoyancy in tax revenues with a 17 percent growth in tax revenues in the last two years, this year’s budget was prudent to keep the fiscal deficit target at 3.2 percent of GDP in 2017-18, slightly lower than 3.5 percent of the current fiscal year. This fiscal deficit target implies gradual medium-term fiscal consolidation, driven largely by higher nominal GDP growth and bolstered by im-provements in revenue collection.

The country is all set to witness the big-gest indirect tax reform of unmatched impor-tance in independent India. The Indirect Tax-ation will be completely overhauled with GST most likely to be implemented from July 1, 2017, thereby making a paradigm shift from the existing system of taxation. Implement-

The government’s recent measures to energize India’s public finance system through rationalization of tax structure, improved financial access through Jan Dhan Yojana, good governance among state-owned banks, introduction of a Bankruptcy Code, digitization as well as curtailing fiscal expenditure are indeed noteworthy actions.

ing GST will be a bold new experiment in the governance of cooperative federalism. Be-sides boosting competitiveness, investment, job creation and revenue, it will strengthen the ability of states to respond to local needs. GST will undoubtedly bring about radical changes in the manufacture, sales as well as consumption of goods and services in India, replacing different taxes the Centre and State Governments levy separately.

GST will change the entire landscape the way the businesses conduct their opera-tions before this momentous law comes into force. I expect industry to gear up and strat-egize the compliance of laws under GST for the conduct of their operations. Training and awareness programs should be conducted for

both government officials and trade so that it becomes seamless and easier for its timely implementation.

I must comment here that the industry should have been consulted in the GST Coun-cil’s decision on the four-tier rate structure at 5, 12, 18 and 28 percent. With the govern-ment now deciding to peg the peak rate at 40 percent in the legislation, I fear that rates would increase once GST is implemented. Already SMEs and start-ups are worried about the sweeping nature of reforms that the GST seeks to bring in as they don’t have the fi-nancial ability to deal with such large-scale changes. Not much attention has been given to services in general and difficulties of ser-vice providers in particular.

The proposal on anti-profiteering mea-sure to ensure that trade and industry pass the benefits of reduction in tax rates to con-sumers should be removed as it is open to subjective interpretation. I believe the costs of compliance and administration will signifi-cantly outweigh the risks that businesses will seek to ‘profiteer’ from the change in indirect tax system. I suggest that GST reform should be complemented by reform in income and property taxes in order to be growth-friendly and redistributive.

In sync with the rolling out of GST, the Chamber organized a National GST Conclave to discuss and deliberate on the GST in the country with its sectoral implications and uni-form taxability & compliances across India. The Chamber has been regularly organizing Knowledge Series on GST to sensitize and prepare the industry so that seamless imple-mentation takes place.

I would rest my pen with a thought by Prime Minister, Narendra Modi’s quote, “GST is a “great step by Team India, great step towards transformation, great steps towards transparency.” Having said I am positive once GST is implemented, consumers and small businesses will gain tremendously from GST. With this I strongly endorse the famous say-ing, “of course no power on earth can stop an idea whose time has come.”

Let’s earnestly remain inspired and work together towards building a prosperous and strong India!

MESSAGE

Mr. Gopal S. Jiwarajka President, PHD Chamber


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National GST Conclave

One Nation One Tax – Pivotal Tax Reforms

The Indirect Taxes Committee of PHD Chamber organized a National GST Conclave – One Nation One Tax – Piv-

otal Tax Reforms on February 9, 2017 at Hotel Hyatt Regency, New Delhi. The objective of the conclave was to promote an informed di-alogue on the Goods & Services Tax in the country with its sectoral implications and uni-form taxability across India.

Mr. Manish Sisodia, Hon’ble Finance Minister, Govt. of NCT of Delhi and Mr. Najib Shah, Chairman, CBEC graced the occasion as Guests of Honour.

Mr. Gopal Jiwarajka, President, PHD Chamber shared that the new tax law will

bring radical changes in the manufacture, sales as well as consumption of goods and services in India.

Mr. Bimal Jain, Chairman, Indirect Taxes Committee, PHD Chamber felt that for sincere implementation of GST Law by July 1 proper training and awareness program should be conducted for both government officials and trade so that it becomes seamless and easier for its timely implementation.

Mr. Manish Sisodia, Finance Minister commented that land and real estate ought to be brought in within the ambit of GST and its taxation slab for vast majority of consumer durables should be kept at lower ceilings to

make GST a mass friendly taxation. The Min-ister assured that he would take up the afore-said issues in the forthcoming GST Council meetings as he felt that land and real estate being outside the purview of GST and that higher taxation slab for consumer durables would not serve its basic purpose. Mr. Si-sodia also opined that dual control of GST defeated its intended objectives and sought more intense consultations on the issue in future course of GST Council, arguing that the objective of GST should be consumer and traders oriented and it should not entirely aim at raising taxation with higher rates.

Mr. Najib Shah urged the industry not to


keep seeking exemptions under the GST re-gime as most of such exemptions would go away when it is put in place after July 1st al-though the deciding authority on doing away with exemptions post GST and fixing its rates would be the prerogative of the GST Council.

Senior tax experts present were Mr. Satya Poddar, Ernst & Young; Mr. Mukul Asher, Pro-fessorial Fellow, National University of Sin-gapore; Mr. Sujit Ghosh, Advaita Legal; Mr. Shailendra Kumar, TIOL; Mr. Pratik Shah, SKP Business Consulting LLP; Mr. Ritesh Kano-dia, Dhruva Advisors LLP; Ms. Richa Mishra, Bureau Chief, The Hindu Business Line; Mr. Anil Khaitan, Sr. Vice President, PHD Cham-ber; Dr. Mahesh Gupta, Chairman & Manag-ing Director, Kent R O Systems Ltd.; Mr. S. K. Goel, Former Chairman, CBEC; Mr. J. K. Mittal, Advocate; Mr. Sudipta Bhattacharjee, Advaita Legal and Mr. T. R. Rustagi, Former Joint Secretary, Ministry of Finance.

Mr. N. K. Gupta stated that GST will be a game changing reform for the Indian econo-my by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services.

The conclave was supported by Knowl-edge Partners – Advaita Legal and S S Kothari Mehta & Co.; Gold Partners – SKP Business Consulting LLP, Spice Jet, Krrish; Silver Part-ner; Dhruva Advisors LLP, Mothers on Sumi Infotech & Designs Ltd.; Associate Partner ICSI and ICMAI and Online Media Partners –Voice of CA, Taxmann, CA clubindia, Taxindiaonline and Digital Media Patner- moneybhaskar.com.

The conclave was followed by active floor participation and had useful deliberations.


Polo Exhibition Match, Camel & Canine ShowPHD Chamber in association with the

Border Security Force (BSF) organized a unique, first of its kind show- a com-

bination of a Polo Exhibition Match, Camel & Canine Show on February 4, 2017 in Jai-pur Polo Ground, New Delhi. The program endeavored to promote tourism, sports, media and entertainment related programs, while simultaneously creating awareness on issues that concern our society, fostering team-building spirit and encouraging people to be more compassionate towards animals.

The program commenced with a Polo Exhibition Match between Team A: Red Raid-ers and Team B: Black Magic followed by an entertaining and skilled show of acrobatics being done by the BSF Camel Contingent & BSF trained dogs.

The BSF trained dogs showed their prow-ess to sniff, fetch, attack and do acrobatic stunts with aplomb. The BSF Camel con-tingent dressed in all their traditional finery showed their dancing skills, march-past, yoga, etc.

Eminent dignitaries present were Mr. Ra-jiv Pratap Rudy, Union Minister of State, Skill Development and Entrepreneurship; Mr. K. K. Sharma, DG, BSF; Mr. Anurag Thakur, Mem-ber of Parliament; Mr. Sudhir Pratap Singh, DG, National Security Guard; Mr. O.P. Singh, DG, CISF ; Mr. R. R. Bhatnagar, DG, Narcot-ics Control Bureau and Mr. Gopal Jiwarajka, President, PHD Chamber.

Also present were eminent wives of Min-isters-Dr. Mallika Nada-Chairperson Special Olympics Bharat, Ms. Renu Sharma, Ms. Arunima Doval, Ms. Manju Singh, Ms. Bharti Singh and Ms. Mridula Pradhan.

Ms. Neelam Pratap Singh Rudy, Chair-person of Sports Committee, PHD Chamber opined that this unique show demonstrated the man-animal relationship in a captivating

manner. Mr. Mukesh Gupta, Chairman, Tour-ism Committee, PHD Chamber appreciated the commitment of BSF personnel towards an-imals. He said that the show was organized to give the general public a chance to watch these highly trained animals and their amazing skills.

The program ended with a prize distribu-tion ceremony and a colorful Kalbeliya dance performance.

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GLIMPSES OF THE DIGINITARIES AT THE POLO EXHIBITION MATCH


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India Business Partnership Summit & PHD Delegation to BahrainPHD Chamber organized the ‘India Busi-

ness Partnership Summit’ from Febru-ary 6-9, 2017 in Bahrain. ‘India Busi-

ness Partnership Summit’ coincided with the Gulf Industry Fair, February 7-9, 2017 which was inaugurated by HRH Prince Khalifa Bin Salman Al Khalifa, Hon’ble Prime Minister, Kingdom of Bahrain.

A high level delegation comprising of 20 delegates led by Mr. Anil Khaitan, Senior Vice President, PHD Chamber representing from different sectors like energy, oil and gas, real estate, rural e-commerce, financial services, start-ups, manufacturing and academic and research were part of the delegation.

A MoU was signed between PHD Cham-ber and Bahrain Chamber of Commerce and Industry on February 6, 2017 for developing business opportunities between Kingdom of Bahrain and Republic of India in the presence of H.E. Mr. Alok Kumar Sinha, Indian Ambas-sador to the Kingdom of Bahrain.

Mr. Zayed R. Alzayani , Hon’ble Minister of Industry, Commerce and Tourism pointed

out the possibilities of cooperation in various sectors such as commercial, industrial and exchange in expertise and experiences.

Thereafter, the delegation met top indus-try leaders from YPO Bahrain Chapter who hosted a reception for the delegation at Capi-tal Club Bahrain.

H.E. Mr. Alok Kumar Sinha, Indian Am-bassador to the Kingdom of Bahrain also hosted a reception for the delegation. Prom-inent industrialists and social leaders from Bahrain were also invited.

On February 7, the delegation attended the inaugural function of the Gulf Industry Fair along with top industry leaders from GCC. PHD Chamber also organized the ‘India Pa-vilion’ in the Gulf Industry Fair with India as the theme.

Guest of Honour, Mr. Zayed R. Alzayani, Hon’ble Minister of Industry, Commerce and Tourism inaugurated the ‘Indian Business Partnership Summit’ in the presence of Chief Guest, Mr. Alok Kumar Sinha, Indian Ambas-sador to the Kingdom of Bahrain.

The summit was attended by around 90 delegates from the industry in Bahrain. B-to- B meetings were also held.

Mr. Anil Khaitan, Senior Vice President, PHD Chamber stated that the Chamber aims to pave the way for local business owners and investors to expand their operations and ven-tures into fertile markets.

The inaugural session of the summit was followed by the plenary session titled “Ex-ploring Trading and Business Opportunities – India and Bahrain”.

Mr. H.P. S. Arora, Co -Chairman, Hydro-carbons Committee, PHD Chamber outlined the opportunities which exist in the oil and gas sector between the two countries.

Mr. Shyam Poddar, Chairman, Commit-tee on Forex and FEMA, PHD Chamber gave a presentation on ‘Recent Regulatory Changes in Foreign Exchange Market to boost Invest-ment Opportunities in India.’

Mr. Surinder Kalra, Co Chairman of For-eign Trade & Investment Committee, PHD Chamber spoke on ‘Scope of Interest Free Financing in India and Financial Products for Investment.’

Dr. Ranjeet Mehta, Director, PHD Cham-ber delivered the formal vote –of- thanks to the participants.

The delegation visited the Bahrain Inter-national Investment Park and BAPCO refinery on February 8, 2017 and met Deputy King and Crown Price of Bahrain.

PHD Chamber has been invited to be the Strategic Partner for ‘Bahrain India Week 2017’ scheduled for April 6-7, 2017 in Bah-rain.


GLIMPSES OF MEETING AT BAHRAIN


Roadmap to meet future ChallengesTThe Committee on Logistics Manage-

ment of PHD Chamber organized a na-tional conference on ‘Growth Enablers

of Warehousing in India: Roadmap to meet future Challenges’ on January 30, 2017 at PHD House, New Delhi which was attended by more than 90 delegates from industry and other stakeholders.

Chief Guest, Mr. Nikhlesh Jha, IAS, Ad-ditional Secretary & Financial Advisor, De-partment of Consumer Affairs, Ministry of Consumer Affairs, Food & Public Distribution stressed the fact that even though the GST rates are yet to be finalized by GST Coun-cil, one is optimistic that with its advent, the warehousing sector will transform to the next level as the GST regime would have preferen-tial treatment towards warehousing in view of its critical significance.

Mr. Harpreet Singh, MD, Central Ware-housing Corporation (CWC) said that the government would create warehousing, cold storage with modern approach across the country with more focus on hilly states such as Uttarakhand, Himachal Pradesh, Jammu & Kashmir and the entire northern eastern belt so that not only agri-production is safely stored but also wastage on fruits and vege-tables including floriculture is substantially reduced.

Mr. Bharat Joshi, Co- Chairman, Commit-tee on Logistics Management, PHD Chamber stated that driven by growth in production, e-commerce and organized retail, warehous-ing is the major segment contributing to the growth of the Indian logistics industry.

The conference had two technical ses-sions with themes as ‘Warehousing in In-dia-Changing gear to meet future challenges’ and ‘Speed breakers for Warehousing Indus-try in India & Way forward’.

Eminent speakers included Mr. Vinod Asthana, Treasurer-CILT India & Ex MD, Cen-tral Railside Warehouse Company Limited (CRWC); Mr. K.U. Thankachen, Managing Director, CRWC; Mr. Aditya Gupta, Business Head-3PLs, Drive India Enterprise Solutions Ltd; Mr. Firoze Hussain, Senior Director-Se-

curity, Delhivery; Mr. Parvinder Singh, MD, Hans Infomatic Pvt. Ltd.; Mr. Krishan Batra, President & CEO, Institute for Supply Man-agement- India; Mr. Ramesh Krishnan, Di-rector, Aishwaryam Logistics Pvt. Ltd.; Mr. Brijesh Verma, Resident Partner, Agra & Co-Chair, Indirect Taxes, Kochhar & Co. and Capt. J.S. Gill, Ex. Addl DG – Shipping.

Dr. Ranjeet Mehta, Director, PHD Cham-ber delivered the formal vote-of-thanks to the guests.

National Conference on Growth Enablers of Warehousing in India

Government would create warehousing, cold storage with modern approach across the country with more focus on hilly states such as Uttarakhand, Himachal Pradesh, Jammu & Kashmir and the entire northern eastern belt.

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Seminar on Hamriyah Free Zone, UAE

PHD Chamber organized a seminar on ‘Hamriyah Free Zone, UAE : Unique Investment Opportunity for Indian Busi-

nesses’ on February 6,2017 at PHD House, New Delhi which was followed by Business meetings with officials of Hamriyah Free Zone Authority.

Hamriyah Free Zone Authority, Sharjah, UAE (HFZA) was represented by Mr. Ajeeb Moidunni, Head of Business Development and Mr. Ashik K. P. In their presentation, the delegates were shown a video to highlight the business friendly features of Hamriyah Free Zone after which each feature was explained in details.

Mr. Ashik K. P. Hamriyah Free Zone Au-thority, UAE emphasized that in business, speed matters and in Hamriyah Free Zone, it takes only 60 minutes to set up one’s busi-ness and receive a trade license.

Hamriyah Free Zone is a gateway to glob-al business for Indian businesses, uniquely located at the intersection between three continents to serve a growing market of 1.5 billion people.

Hamriyah Free Zone specializes in work-ing with SMEs across a number of key sectors, providing valuable support and knowledge from the initial start-up phase to entering new markets for expansion opportunities. It pro-

vides a range of business solutions, including discounted lease rents, simplified procedures and minimal paperwork, ease of registration, implementation and license turnaround time.

The close proximity to land, sea and air transport links, in addition to their focus on long-term relationships and creative solu-tions, help businesses stay in touch with customers and suppliers across the globe. Hamriyah Free Zone has the highest number of steel fabrications in UAE.

Mr. Moidunni invited Indian business-men to take advantage of an array of benefits, including: Full company ownership; Foreign

ownership permitted; No import or export tax; Exemption from commercial levies; Repatri-ation of capital and profits; No corporation or income tax; Variety of licenses, including commercial, service and industrial and Re-newable long-term issues and Ease of Doing Business, etc.

Mr. Naveen K. Seth, Director-Trade Fairs, PHD Chamber in his welcome remarks spoke on Indo-UAE relations.

A large number of industrialists and se-nior professionals attended the seminar and had one-on-one meetings with the officials of HFZA.

Unique Investment Opportunity for Indian Businesses


PHD Chamber in association with QRYP-TIQ organized UNIQORN- A Corporate Quiz Challenge on February 19, 2017 at

PHD House, New Delhi. The Corporate Quiz saw participation from over 40 leading private and public sector organizations like KPMG, Deloitte, Tata Consultancy Services, Reserve Bank of India, Steel Authority of India Ltd. and many more.

Mr. Anil Khaitan, Sr. Vice President, PHD Chamber along with Ms. Neelam Pratap Singh Rudy- Chairperson, Sports Committee and Mr. Mukesh Gupta, Chairman, Tourism Committee, PHD Chamber inaugurated the quiz.

Mr. Anil Khaitan, Senior Vice President, PHD Chamber said that this unique endeav-our of PHD Chamber strives for two fold benefits – at the mental level with increased knowldege and also for personality develop-ment of individuals.

Ms. Neelam Pratap Singh Rudy, Chair-person, Sports Committee, PHD Chamber stated that a Corporate Quiz like UNIQORN is an opportunity to boost general knowledge,

understanding, presence of mind, critical thinking and creative skills.

The Quiz started with a Preliminary Round of 25 questions attempted by participating teams followed by a semi-final round and finale. Tata Consultancy Services (Chennai) were the “Winners” for UNIQORN – 1st Cor-porate Quiz Challenge 2017. Deloitte, Gur-gaon were the First Runners-up followed by SAIL MTI, Ranchi who secured the Second Runners-up position.

Mr. Yogesh Srivastav, Director, PHD Chamber delivered the vote-of-thanks to the guests.

This unique endeavour of PHD Chamber strives for two fold benefits – at the mental level with increased knowldege and also for personality development of individuals.

UNIQORN- A Corporate Quiz Challenge

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YBLF- Heritage Walk and Delicious Street Food of Chandni Chowk, Old Delhi

The Young Business Leaders Forum or-ganized a Heritage Walk and Delicious Street Food of Chandni Chowk, Old Del-

hi on February 11, 2017.

The objective was to explore the history of old city, origin of Chawri, architectures &

traditions, famous havelis, Dareeba Kalan, Nai Sarak, Jama Masjid and to enjoy the various delicious street foods of Chandni Chowk.

The walk was guided by famous histori-an, academician and film-maker, Mr. Sohail Hashmi who has since been exploring the

city and has been conducting heritage walks since 2000.

The walk began from Hauz Qazi, Chawri Metro Station and concluded with a visit to Gali Paratheywaali with shops that have been serving Paratha lovers from early 1870s.

Celebration of International Women’s Day

The Second International Awards cere-mony on the occasion of International Women’s Day was organized by Delhi

Commission for Women (DCW) on March 8, 2017 at Constitution Club of India, New Delhi.

Mr. Saurabh Sanyal, Secretary General, PHD Chamber in his speech urged the participants to ensure safety of women in society. The awards were conferred to women working for the cause of women.


Third Series of PHD Educative andKnowledge Series on Revised Model GST Law

The Indirect Taxes Committee of PHD Chamber organized three-days Educa-tive & Knowledge Series on Revised

Model GST Law seminar with the objective of analysing in detail the provisions of the re-vised GST Laws.

The first workshop in the above se-ries was held on January 12, 2017 at PHD House, New Delhi covering the overview and need for GST.

Experts present were Mr. Bimal Jain, Chairman, Indirect Taxes Committee and Mr. N. K. Gupta, Co-Chairman, Indirect Taxes Committee, PHD Chamber; Mr. Sachin Shar-ma, Dhruva Advisors LLP; Mr. Puneet Bansal, Nitya Tax Associates; Mr. Anil Sood, CAS As-sociates, Mr. B. L. Narasimhan, Lakshmiku-maran & Sridharan and Mr. Saurabh Agarwal, Ernst & Young.

Mr. Bimal Jain observed that industry is still deliberating on the applicability of GST on advance received for supply of Goods & Services, wherein the credit will be available only on receipt of goods/ services. Presently, Service Tax exemption is given to service pro-viders whose turnover during the fiscal year is less than Rs 10 Lakhs, but there are provi-sions under GST requiring Inter-State Service Providers to have compulsory registration irrespective of the turnover.

This will increase the compliance burden for such Service Providers. The Revised Mod-el GST laws does not provide the Valuation rules & other related rules provided by the earlier law. These need to be put in public domain to provide the industry time for ana-lyzing and providing their suggestions on the same.

Mr. Sachin Sharma highlighted that supply of Goods or Services can be catego-rised in “Intrastate supply”. Interstate supply includes international transactions. CGST/SGST is to be levied on intrastate transac-tions while IGST is to be levied on interstate transactions.

Mr. Puneet Bansal emphasized on Pro-visions of time of supply of services under Model GST Law akin to Point of Taxation Rules, 2011 (‘POT Rules’) under the pres-ent Service Tax laws. He shared his views on Continuous supply of service and Reverse charge service under the GST Regime.

Mr. Anil Sood explained the provisions for Time of Supply of Goods under five broad heads i.e. Normal Goods, Continuous Sup-ply of Goods section, Goods under reverse

charge section, Goods sent on Sale or Ap-proval Basis and Residual Goods.

Other eminent speakers were Mr. B. L. Narasimhan and Mr. Saurabh Agarwal who shared their views on place of supply of ser-vices and valuation provisions for stock trans-fer/job worker and brand owner.

The session was followed by active floor participation and had useful deliberations.

The second workshop in the above se-ries was organized on January 17, 2017 at

PHD House, New Delhi covering GST input tax credit: analysis & branch/stock trans-fer/export /import of goods & services.

Experts present were Mr. Bimal Jain, Chairman, Indirect Taxes Committee and Mr. N. K. Gupta, Co-Chairman, Indirect Taxes Committee, PHD Chamber; CA Jayesh Gupta, Exemplary Consultants Private Limited; CA Jayesh Gogri , GSC Intime Services Pvt. Ltd.; CA Jatin Harjai, J. Harjai & Associates; Mr. Bipin Kaul, IDFC Bank; CMA Ashok Nawal, The Institute of Cost Accountants of India; CA

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Sushil Kumar Goyal, ICAI and CA Atul Gupta, ICAI.

Mr. Gopal Jiwarajka, President, PHD Chamber said that the end of logjam in GST implementation will not only boost the sen-timents of businesses but also benefit peo-ple at large. Industry will get a boost with the removal of cascading impact of taxation and improvement in ease of doing business, enhance production possibilities, attract FDI and increase employment opportunities in the economy, he added.

CA Jayesh Gupta explained the manner of taking input tax credit in respect of input sent for job work under the GST Law. He explained the provisions of ITC on pre-registration pur-chases and the treatment of negative list of GST ITC.

CA Jayesh Gogri highlighted the manner of recovery of credit distributed in excess and the flow of input tax credit by ISD. He also spoke on the manner of recovery of credit dis-tributed in excess under the Revised Model GST Law.

CA Jatin Harjai highlighted the provisions of Section 169 for Credit of eligible duties and taxes in respect of Inputs. He spoke on the treatment of carried forward Cenvat credit and unavailed Cenvat Credit under the GST Law.

Mr. Bipin Kaul spoke on digitalisation in banking under the GST Regime.

CMA Ashok Nawal accentuated that goods can be sent from one job worker to an-other job worker without payment of GST sub-ject to the permission of the Commissioner. CA Sushil Kumar Goyal explained valuation and GST ITC in case of Branch Transfer.

He apprised about the interest and penal-ty provisions on wrong availment of credit. CA Atul Gupta gave an overview of tax structure and input tax credit on import and export.


The last workshop in the above se-ries was organized on January 24, 2017 at PHD House, New Delhi covering Works Contract & Real Estate/Constructions under GST Transitional issues under Registration, Payment, Return, Refund, Assessment & Audit and Advance Ruling and Settlement of Cases.

Mr. Bimal Jain, Chairman, Indirect Taxes Committee and Mr. N. K. Gupta, Co-Chair-man, Indirect Taxes Committee, PHD Cham-ber, CA Gaurav Gupta, CA Avinash Poddar, Mr. Ashok Batra, A.K. Batra & Associates and Mr. J. K. Mittal Advocate shared their views on the subjects.

Mr. Bimal Jain explained that Transitional Provisions are covered under Chapter 27 of Revised Model GST Law. Mr. Jain explained

the importance of Section 165 under the GST Law. He shared his view on Section 166 i.e. Migration of taxpayer having permanent ac-count number under GST and the validity of provisional registration certificate for the ser-vice provider.

Mr. N. K. Gupta explained the provisions pertaining to registration under GST – Reg-istration Number/Unique Identity Number. He also talked on the Special provisions relating to casual taxable and non-resident taxable person under the revised model GST Law. He discussed the amendment and cancellation of registration under the GST law.

CA Gaurav Gupta through his detailed

presentation explained the issues relating to export/import of goods and services under the GST Law. CA Avinash Poddar opined the availability of GST credit on input, input ser-vices and composition method in GST and is-sues relating to carry forward of Cenavt Credit.

Mr. Ashok Batra through his detailed pre-sentation talked on Real Estate & Construc-tion and works contract services under the Revised Model GST Law.

Mr. J. K. Mittal explained the types of as-sessment, prosecution and compounding of offences under the GST Law.



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Seminar on Medical Electronics International Collaborations and Financing for Manufacturing in India

PHD Chamber in association with AMTZ (Andhra MedTech Zone) organized a seminar on ‘Medical Electronics In-

ternational collaborations & Financing for Manufacturing’ in India on January 6, 2017 at Chennai. AMTZ (Andhra MedTech Zone) aims to make India self-sufficient and an exporter of good quality and cost-effective medical technology. The objective was to familiarize the industry with the opportunities that exist in filling the gap which is likely to widen as the healthcare services reach out to semi-urban and rural areas. For medical electronics to create a meaningful impact on the healthcare system, collaboration between key stakehold-ers including government, industry, health-care providers and health insurance compa-nies is important.

Ms. Rama Venugopal, Executive Direc-tor, Value Added Corporate Services Pvt. Ltd. & Joint Coordinator, Association of Indian Medical Device Industry (AIMED) opined that medical devices manufacturers have been suffering from lack of understanding of their unique requirements and support from gov-ernment.

Mr. Judish Raj, Vice-President (Plan-ning), AMTZ (Andhra MedTech Zone) and Mr.

C. Nagendra Prasad, Vice President, Andhra Chamber of Commerce both spoke about AMTZ’s value proposition for investors and about multiple fiscal incentives provided by AMTZ to the companies participating in the project such as 100% reimbursement of Stamp Duty; Transfer Duty and Registration Fee paid on sale/ lease deeds on the first transaction and 50% thereof on the second transaction; 50% to micro, 40% to small & 25% to medium & 10% to large scale industry limited to Rs 50 lakh for a period of 5 years

from the date of commencement of commer-cial operations and exemption of Electricity Duty for new electronic hardware units, after coming into commercial operations entitled for 100% exemption on Electricity duty for a period of 5 years.

Mr. Vivek Seigell, Director, PHD Cham-ber appreciated the efforts being taken by the Andhra Pradesh Govt. and said this initiative is a hallmark in making Ease of Doing Busi-ness a reality that will ultimately benefit the end consumer.

YBLF - The FAAD Pitch

The Young Business Leaders Forum organized ‘The FAAD Pitch’ a closed room pitching session for Start-ups on

February 18, 2017 at PHD House, New Delhi.

The objective of the program was to deliver a niche platform where ventures and investors could interact with each other for strategic investment.

Startups seamlessly connected with in-vestors presented their business ideas and plans to them.

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MoU Signed between Dubai Exports & PHD Chamber PHD Chamber and Dubai Exports signed

a Memorandum of Understanding (MoU) on January 30, 2017 at Hotel

Leela Palace, New Delhi. The MoU was signed between Mr. Gopal Jiwarajka, President, PHD Chamber and Mr. Mohammed Ali Kamali, Deputy CEO, Dubai Exports. The objective was to familiarize the industry on bilateral trade opportunities and explore ways to de-velop the strategic relations between UAE and India into stronger commercial engagements.

Dr. Ashraf Ali Mahak, Economist & Finan-cial Expert, Dept. of Economic Development, Govt. of Dubai explained about the responsi-bilities of Dubai Exports and their major key role in the development and promotion of trade. He also explained about the emerging bilateral trade in India and how UAE compa-nies can get benefits in India.

A Buyer Protection Program was launched by the dignitaries to provide B2B dispute set-tlement services to customers and also the business code of conduct.

Mr. Avinash K. Srivastava, Secretary, Ministry of Food Processing & Industries explained the initiatives taken by the gov-ernment for food processing and schemes of Mega Food Parks launched in 2009 which aim to build modern infrastructure facilities for food processing by an efficient supply of chain in India. Alongwith new schemes to promote food processing & preservation

units, it is further launching Mega Food Parks, Cold Chains & Research Institutes & Labs. He also briefed about the PPP Model for harvest-ing private investments.

Mr. Parag Gupta, Joint Secretary, Ministry of Food Processing & Industries gave a brief presentation about the various opportunities in the food and processing sector in India. He informed that Indian government will be organizing the World Food Fair in November 2017, to help in transforming the growth of Indian economy.

Mr. Md. Ali Lootah, CEO, CCP, Depart-ment of Economic Development, Government

of Dubai also shared some compliance in trade and new services that were introduced in the last few years.

Mr. Ahmed Haveb Al Falahi, UAE Com-mercial & Trade Attaché to India spoke about India-UAE ties and collaborations with im-mense growth in trade in the coming years. Today trade between India and UAE stands at US$ 50 billion, he added.

Mr. Mohammed Ali Kamali, Deputy CEO, Dubai Exports gave the welcome speech while Mr. Md. Ali Kamali resolved complaints and settlements received from the clients and customers.


Seminar on Indian Accounting Standards (Ind AS)

The Corporate Affairs Committee of PHD Chamber organized a seminar on ‘Indian Accounting Standards (Ind AS) - Practi-

cal Insights and Implementation’ on February 8, 2017 at PHD House, New Delhi.

Mr. Aseem Chawla, Senior Member, Corporate Affairs Committee, PHD Chamber underlined the tax impact of Indian Account-ing Standards on financial statements. He discussed the Minimum Alternate Tax com-pliances that companies need to follow into their operational systems.

Mr. S. C. Vasudeva, Managing Partner, S C Vasudeva And Co. stated that implementa-tion of Indian Accounting Systems for prepa-ration of financial statements is likely to result in higher profits due to emphasis on fair value concept.

Mr. Sanjay Vasudeva, Senior Partner, S C Vasudeva and Co. talked about the applicabil-ity of Ind AS of various companies, banks and insurance companies.

Mr. Siddharth Talwar, Partner, Financial

Reporting Advisory Services, Grant Thornton India LLP in his presentation demonstrated the transition from existing Indian GAAP to Indian Accounting Standards.

Further, he gave an overview of account-ing standards, implementation roadmaps, financial instruments and other comprehen-

sive income. He highlighted the exemptions available to the first time adopters of Indian Accounting Standards.

Mr. Vijaydeep Singh, Director- Transac-tion Advisory Services, Morison SCV Con-sulting Pvt Ltd. gave a presentation on due diligence of Indian Accounting Standards and discussed the objective, scope and purpose. He also shared his experiences on key areas such as operational due diligence, HR due diligence, taxation and commercial due dil-igence.

Mr. Rajiv Singh, Co-Founder & Director, Explico Consulting Pvt. Ltd. in his presen-tation gave an insight on valuation aspects under Indian Accounting Standards. He discussed the general model of value cre-ation, fair value measurements under Indian Accounting Standards and also the pricing problems under micro-macro economy.

The secretariat team proposed a hearty vote-of-thanks to the speakers, sponsors and participants.

Practical Insights and Implementation

Mr. Aseem Chawla, Senior Member, Corporate Affairs Committee, PHD Chamber underlined the tax impact of Indian Accounting Standards on financial statements. He discussed the Minimum Alternate Tax compliances that companies need to follow into their operational systems.

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Release of Annual Survey 2015-16 of the Indian Direct Selling Industry

PHD Chamber’s Research Bureau in as-sociation with the Indian Direct Selling Association (IDSA) released a report

on Annual Survey 2015-16 of the Indian Di-rect Selling Industry on February 22, 2017 at India Habitat Center, New Delhi. The report analyzes the growth dynamics of the Indian Direct Selling Industry and suggests recom-mendations for building an environment of confidence not only for Direct Selling enti-ties but for consumers too.

The report was unveiled by Ms. Madhu-lika P. Sukul, Additional Secretary, Dept. of Consumer Affairs; Mr. Praveen Khandelwal, National Secretary General of the Confeder-ation of All India Traders; Mr. Bejon Mishra, International Consumer Policy Expert; Dr. S. P. Sharma, Chief Economist & Director- Re-search, PHD Chamber; Mr. Jitendra Jagota, Chairman, Indian Direct Selling Association (IDSA); Mr. Vivek Katoch, Vice Chairman, IDSA and Mr. Amit Chadha, Secretary Gen-eral, IDSA. An overview of the Direct Sell-ing Industry was delivered by Mr. Jitendra Jagota followed by a brief presentation on the survey by Dr. S. P. Sharma. An overview on the importance of consumer satisfaction in modern era and Direct Selling making the difference was given by Mr. Bejon Mishra, Mr. Praveen Khandelwal, National Secretary General of the Confederation of All India Traders shared his perspective on ‘Non-store retailing: A key aspect of modern day ‘Trade & Commerce’.

Ms. Madhulika P. Sukul, Additional Secretary, Department of Consumer Affairs shared her views on the regulatory frame-work for the Indian Direct Selling Industry.

Summary of Annual Survey...

Direct Selling has contributed signifi-cantly to socio-economic development of the nation by generating self-em-

ployment opportunities, source of earning supplementary income, encouraging entre-preneurship, empowering women, imparting skill through various training programs and encouraging growth of MSME sector. Gross sales by the Direct Selling Industry totaled Rs. 83,085 million in 2015-16 versus Rs 79,583 million in 2014-15. The Direct Selling Indus-try has registered a growth rate of 4.4% in 2015-16 as compared to 6.5% in 2014-15.

Going ahead, most of the respondents felt that economic reforms undertaken by the gov-ernment are highly commendable and would lead to desired outcomes in the coming times. According to the survey, Direct Selling could become the backbone of the economy if its awareness, acceptance and proper com-munication infrastructure are strengthened. The survey revealed that due to rising incli-nation towards healthy lifestyle, wellness and healthcare products are in demand and as a result it has contributed the largest share to the gross sales of the organized Direct Sell-ing Industry at 43%, followed by beauty/cos-metics and personal care (35%), homecare/homeware and home improvements products (12%), consumer and household durables (6%) and others including food and beverag-es, agricultural products, ayurveda products, educational products, utilities, promotional items, plant growth promoters, etc (4%).

The survey revealed that the Northern re-gion contributed around Rs. 24,926 million to gross sales in 2015-16, a growth of 30% and registered a growth rate of about 4.4% in 2015-

16 as against 10% in 2014-15. Eastern region has contributed around Rs 15,786 million to the gross sales in 2015-16. The share of Eastern region to gross sales has increased to 19% in 2015-16 from 18% in 2014-15. The North East-ern region has contributed around Rs. 10,801 million in 2015-16. The North Eastern region share to gross sales has remained same at 13% in 2015-16 and 2014-15. The region has exhib-ited a growth rate of 4.4% in 2015-16.

The Western region contributed around Rs. 14,124 million in 2015-16. The region has scripted an increase in the share to gross sales at 17% in 2015-16 from 16% in 2014-15, a growth of 10.9% in 2015-16 as against 6.4% in 2014-15. The Southern region has contributed around INR 17,448 million in 2015-16. The region holds second highest share in India’s gross sales of Direct Selling in 2015-16. About 21% share to gross sales of the industry was contributed in 2015-16 versus 23% in 2014-15.

Total tax paid by the IDSA Direct Sell-ing Entities (members) aggregated to Rs. 12,583 million in 2015-16 as compared to Rs. 11,715 million in 2014-15. The tax paid as reported by the IDSA Direct Selling Enti-ties (member) has increased to about 7.4% in 2015-16 over 2014-15.

On account of expanding activities of Direct Selling Entities, rising awareness, penetration and acceptance, there has been significant creation of self employment op-portunities by the Direct Selling industry over the years. According to the survey, the active Direct Sellers of the Indian Direct Selling Industry have increased from 39,29,105 in 2014-15 to around 40,31,262 in 2015-16.


Conference on

India Moving Towards Gas Based Economy- Road Map AheadThe Hydrocarbons Committee of PHD

Chamber organized a conference on ‘In-dia Moving Towards Gas Based Econo-

my- Road Map Ahead’ on February 27, 2017 at PHD House, New Delhi. The conference was attended by more than 100 delegates from different parts of the country.

Chief Guest, Mr. B.C. Tripathi, CMD, GAIL in his address mentioned to waive off LNG imports from customs and raised his decibel for bringing in ‘natural gas’ into the GST fold. He also mentioned that India desperately re-quires ‘a well crafted integrated energy poli-cy’ in the absence of which, it cannot move towards a gas based economy and create an intense urge and addiction for mass con-sumption of natural gas. He demanded that ‘an assured rate of return of 12%’ is essential for GAIL on its investments to connect entire India with gas pipeline network without enter-ing into any partnership deed to accomplish the objective. He also informed that GAIL on its own would promote campaigns such as ‘Swachh Bijlee’ for cleaner environment on lines of natural gas, completely a cleaner fuel for mass consumption and has already set up

a Start-Up fund of Rs.100 crore to promote innovation in the field of natural gas engines.

Mr. R.K. Garg, Director Finance, Petr-onet LNG in his special address mentioned that though he welcomed the government’s policy of reducing customs duty on LNG by

50%, however, in view of its commercial sig-nificance, the duty should have been cut to zero percent.

Mr. Gopal Jiwarajka, President, PHD Chamber in his welcome address promised all concerned that the roadmap suggested by Mr. Tripathi for transformation of natural gas sector will be taken up at the highest lev-el for policy making by the Chamber as the suggested proposal mooted by GAIL is fully justified for promotion of natural gas.

Mr. Rajeev Mathur, Chairman, Hydro-carbons Committee, PHD Chamber in his industry perspective, mentioned that as gas supply increases and distribution infrastruc-ture (cross-country pipelines and piped gas in cities) increases, India will transform from an oil-based economy to a gas-based one to fuel the national growth. It is important to forge ahead and to promote natural gas as a panacea towards our lower carbon future and improved energy security.

Mr. H.P.S Arora, Co-Chairman, Hydrocar-bons Committee, PHD Chamber delivered the formal vote-of-thanks in the inaugural session while Dr. Ranjeet Mehta, Director, PHD Cham-ber moderated the session. The conference also had two technical sessions wherein more than ten eminent speakers from the gas sector deliberated and offered valuable suggestions for the future development of the sector. Dr. Ranjeet Mehta, Director, PHD Chamber deliv-ered the vote of thanks to the guest.

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Interactive Session on Global Partnership Opportunities

The PHD Chamber organized an inter-active session on ‘Global Partnership Opportunities’ on February 16, 2017

at PHD House, New Delhi. The session was organized to provide a platform for interaction between PHD Chamber members and dele-gates of the Warwick Legal Network (WLN), an international association of independent law firms that provides legal service to clients on an international scale. WLN is one of the top ranked Legal Network of European Law Firms from 30 different countries.

Mr. Amitava Ray, Co-Chairman, Foreign Trade & Investment Committee (including Americas – North & South), PHD Chamber spoke about the importance of such interac-tions and how they are vital in understanding global sentiments.

Mr. Sanjay Beswal, Co-Chairman, For-eign Trade & Investment Committee (includ-ing Americas – North & South), PHD Cham-ber in his welcome address spoke about the importance of global linkages in the present context. He stated that India being one of the

most preferred investment destinations is a base for manufacturing and exports all types of goods to neighbouring countries. He spoke on the recent investor friendly policies being implemented by the government for creating a healthy competition amongst the Indian states enabling them to garner more foreign investments.

Mr. Gautam Khurana, Managing Partner, India Law Offices in his overview on Warwick Legal Network said that although the network is Europe centric, for better representation it is fast expanding to other parts of the world. India Law Offices is the Indian partner of the Warwick Legal Network (WLN). Mr. Khurana highlighted the rise and importance of the SME sector in the smooth functioning of any global economy and how WLN facilitates such businesses by providing competent and quality lawyers. As India is witnessing steady growth, India is developing into a consum-ing economy where WLN can play its role in strengthening the mid market.

Mr. Stuart Miller, Managing Director,

Warwick Legal Network (UK) described the functioning of WLN and the opportunities In-dia offers in the SME sector. He mentioned that WLN is continuously expanding its net-work keeping in mind the future trends. He underlined that WLN’s prime objective is to help in easing the process for foreign com-panies entering new markets and how WLN guides corporates to perform CSR activities as per their local requirements.

Mr. Sanjeev Ahuja, Co-Chairman, Int’l Affairs Committee for Asia, Pacific & Europe, PHD Chamber thanked the WLN delegation for interacting with the members. He said that for developing countries like India, FDI is necessary for providing a necessary impetus to growth.

A networking session also took place be-tween the WLN delegation and members of the PHD Chamber, wherein the participants discussed specific business opportunities with the visiting delegation.

The event was sponsored by India Law Offices and co-sponsored by Andees Impex Pvt. Ltd.


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11th International Show on Aerospace, Defence, Civil Aviation, Airport Infrastructure and Defence Engineering

Mr. Manohar Parrikar, Hon’ble Defence Minister inaugurated the 11th bien-nial edition of ‘Aero India 2017’ on

February 14, 2017 at Yelahanka Station, Ben-galuru. Amongst others who graced the inau-guration ceremony were Mr. Ashok Gajapathi Raju, Hon’ble Minister for Civil Aviation; Mr. R. V. Deshpande, Hon’ble Minister for Higher Education & Tourism, Govt. of Karnataka and Chiefs of the Services.

The Minister said that with time, Aero Show has proved to be a brilliant business, investment and display hub for national as well as international firms.

The Minister underlined that the focus will be on start-ups, along with time bound delivery of projects. “The government will encourage manufacturing, design as well as innovation in the field of defence manufactur-ing. Conditions have never been better than now for defence manufacturing in India and I hope it will make way for better technical enhancement”, he added. Acknowledging the contribution of the international companies, the Hon’ble Minister said that measures to ensure ease of doing business and encour-age defence investments in India are taking place.

As part of the Aero Show, PHD Chamber organized a seminar with the theme ‘Make in

India’ in Aerospace: Are MSMEs geared for it? – Reflections and the Way Forward on Feb-ruary 15, 2017 at Bengaluru.

Mr. Manohar Parrikar, Hon’ble Defence Minister at the inaugural session highlighted that SMEs are the real source of technology innovations and efforts are being made by the government to provide them with a level playing field.

Mr. Ashok Kumar Gupta, IAS, Secretary (DP) said that the government is trying to upscale the image of SMEs and also involve them wherever possible. Ms. Surina Rajan, IAS, Additional Secretary (DP) apprised that the MoD is assisting SMEs in terms of provid-

ing idle machinery at their OFB factories. Mr. K. K. Jalan, IAS, Secretary, MSME acquainted the participants with various schemes, VDPs, grants, etc. available with the government to assist new defence entrepreneurs and existing SMEs.

Mr. M.V. Gowtama, Chairman & Manag-ing Director, BEL shared his perspective on how BEL is involving and sharing opportuni-ties with SMEs to understand the technology innovations and achieve indigenization in de-fence via SMEs.

Eminent speakers from industry included Mr. Vikas Manral, GM, Aerospace Group, SKF India; Mr. Emmanuel de Roquefeuil, VP & Country Director – India, Thales; Mr. Sachin Agarwal, Managing Director, PTC Industries; Mr. T. Suvarna Raju, CMD, HAL and Mr. S.K. Chourasia, Member/M&C, ICE & Export OFB.

Mr. Sanjay M Kaul, IAS, Special Secre-tary - Industries, Govt. of Kerala in his special address informed the audience about KINFRA Defence Park and facilities available at the park including the subsidies being given by the State government for setting up units.

The conference was attended by defence professionals from the industry including senior officers from IAF, Indian Army, repre-sentatives from armies of different countries, think tanks, SMEs, and start-ups.

“We encourage Indian companies in defence manufacturing but we would also like to encourage international companies. The government is working on ways to increase private player participation in the defence manufacturing” he informed.


GLIMPSES OF THE PARTICPANTS AT THE 11TH INTERNATIONAL SHOW


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PHD Golf Tourism Conclave & Golf Tournament- 2017 The PHD Golf Tourism Conclave and

Tournament 2017, the first of its kind was held on February 24-25, 2017

in Pune with a focus on promoting India as a favoured Golfing destination in the world. The Conclave held on February 24, 2017 at Hotel ‘O’, Pune aimed to bring all the relevant stakeholders – the Central and State govern-ments and the private sector on one platform to discuss investment opportunities in the golf tourism sector, improve the existing in-frastructure and boost golf tourism in India.

Hon’ble Chief Guest, Mr. Farooq Shah, IAS, Secretary, Department of Tourism, Gov-ernment of Jammu & Kashmir appreciated PHD Chamber’s initiative for organizing the event at Pune, bringing together the elite representation from the tourism industry and keen golfers to discuss and deliberate on creating a road map to promote Golf Tourism in India. Mr. Shah shared that Jammu and Kashmir already known for its natural beauty has four amazing Golf Courses which are a challenge even for the most avid golfers. Mr. Farooq Shah invited the Chamber to host an-other Golf Tournament in J&K in the month of April.

The occasion was also graced by Mr. Chung-Kwang Tien, Ambassador of Taiwan & Representative, Taipei Economic & Cultural Centre, in India and Taiwan Tourism Bureau; Mr. Dato Paduka Sidek Ali, Ambassador Ex-traordinary and Plenipotentiary, Embassy of Brunei Darussalam and Mr. Archil Dzuliash-vili, Ambassador, Embassy of Georgia who shared the golfing opportunities in their re-

spective countries & showcased videos about sports and cultural tourism related aspects of their countries.

Mr. Gopal Jiwarajka, President, PHD Chamber shared that Golf is a sport that is appreciated by the connoisseurs across the globe. He suggested that stakeholders need to adopt an integrated approach for boosting golf tourism in India and also assured that the Chamber’s support to all concerned stake-holders.

Mr. Mukesh Gupta, Chairman, PHD Tour-ism Committee shared that India has the strength to provide round the year tourism with Golf becoming a growing sport world-wide.

Mr. Rajan Sehgal, Co-Chairman, PHD Tourism Committee opined that Golf attracts affluent, high value adding tourists who gen-erate significantly above average per capita revenues for the destinations they frequent to. He shared that the environment of each Golf course in India is unique in its culture and history, stating that India makes a diverse destination, offering fresh challenges and promoting golf as a niche tourism product.

The Conclave was also graced by Ms. Anjum Chopra, Co-Chairperson, PHD Sports Committee; Mr. Anil Seolekar, Chairman, Ox-ford Golf Resort, Pune; Mr. Saurabh Sanyal, Secretary General and Mr. Yogesh Srivastav, Director, PHD Chamber among other invited eminent dignitaries and keen golfers. The delegates shared that one of the key respon-sibilities of golfers is to raise the quality of the golf courses in the tourism market by working in collaboration with various golf courses.

Mr. Saurabh Sanyal, Secretary Gener-al, PHD Chamber in his vote-of-thanks was hopeful that the Chamber’s endeavours will work as a foundation for making India as the favoured destination of Golf Tourism on the world map.

The Golf Tourism Tournament 2017 was


GLIMPSES OF GOLF TOURISM & TOURNAMENT

held on February 25, 2017 at the Oxford Golf Resort, Pune. The tournament brought to-gether elite invitees- Captains of the Industry; Senior Government officials; Keen Golfers; Diplomats and several acknowledged busi-ness leaders.

While inaugurating the tournament, Mr. Gopal Jiwarajka, President, PHD Chamber welcomed all the keen and avid golfers from all across India and abroad for participating in the tournament at Asia’s 2nd largest Golf Course i.e. Oxford Golf Resort.

The Oxford Golf Resort in Pune – a championship course which is 22km from

Pune airport, is set in a beautiful locale and is bordered on three sides by the Sahyadri hills. The 18-hole horseshoe-shaped course is a treat for golfers due to its international standards and beautiful view. It has several vantage point tee boxes which provide a great view of the silver sand bunkers as one drives one’s ball down the hills and over 40 practice bays give it its world-class appeal.

The Oxford Golf course proved a chal-lenge even for most experienced golfers. The winners for the tournament were: Best Gross Player – Mr. Rudra Shriram; Winner Catego-ry A – Handicap (0-16) – Mr. Pawan Saluja;

Winner Category B – Handicap (17-24) – Mr Anil Dev; Best Lady golfer – Ms. Meeta Makhan; Longest Drive – Col. Sanjay Singh; Straightest Drive - Ms. Yin Jiun Tien Chen and Closest to Pin – Wg Cdr. Pramod Kalia

The program was supported by Minis-try of Tourism; India Golf Tourism Associ-ation-IGTA; Oxford Golf Resort, Pune; The Leadbetter Golf Academy; Hotel “O’’; Air India; Lemon Tree Hotels; Graphisads and Sadhna TV; Premier Lifestyle Management; Air Asia; Mecarnic Technologies Pvt. Ltd; Mahindra Lifespace Developers; Golf Plus Magazine and TIE and J&K Tourism.


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Conference on ‘Real Estate Sector Post Remonetisation & RERA’

The Housing and Urban Development Committee of PHD Chamber organized a conference on ‘Real Estate Sector Post

Remonetisation & RERA’ on February 21, 2017 at PHD House, New Delhi. The confer-ence was attended by more than 115 distin-guished delegates from industry.

Mr. Venkaiah Naidu, Hon’ble Union Min-ister for Urban Development, Housing & Ur-ban Poverty Alleviation was the Chief Guest for the inaugural session at the conference while Dr. Nandita Chatterjee, Secretary, Min-istry of Housing & Urban Poverty Alleviation was the Guest of Honour.

Mr. Gopal Jiwarajka, President, PHD Chamber mentioned about the correction mode of real estate sector in the post-de-monetization period. He hoped that the gov-ernment will take steps to match supply and demand in the near future.

Mr. Rajeev Talwar, Vice President, PHD Chamber made the following suggestions to Hon’ble Urban Development Minister at the conference.

1 Mr. Talwar said that RERA, incentives to Affordable Housing and de-mon-etisation are indeed good steps for making the industry transparent. However, if finance remains really high priced, then the industry will be unable to grow, because RERA – sale permitted only after all approvals and use of cash in secondary sales will dry up the traditional source of funds in the age old model of real estate in our country. He opined that

lower interest rates as well as larger finance from banking institutions are a dire necessity in the coming years. Having said this, the Chamber ap-preciates the subsidy on interest an-nounced by Prime Minister for Low Cost Housing.

2 The Prime Minister’s scheme of ‘Housing for All’ has been taken by the Central Board of Direct Taxes tomean only “ownership” of housing. Mr. Talwar indicated that a very im-


portant part in any economy is pro-motion of rental housing as it adds to the overall pool of housing and construction. This segment of in-vestment needs to be encouraged by allowing one or more apartments to be bought from the proceeds or sale of an existing house/apartment.

The UPA Government had introduced an embargo on utilising sale pro-ceeds of property in more than one house/apartment. Mr. Talwar opined that the rationale should be that the entire amount of proceeds from the sale of a house/apartment should be re-invested in residential properties without any restriction on the number of properties.

3 Mr. Talwar pointed out that an in-crease in rental housing will lead to lowering of prices of real estate as also lowering the rents charged by increasing the supply of such hous-es/apartments all over the country. It would, therefore, be prudent that the amount allowed for maintenance of rental housing should be increased from the existing 30% to 50% of the annual rent. This will ensure an ad-ditional amount for further promotion of housing and construction seg-ment.

4 One of the announcements made in this year’s budget has been to place a cap of Rs.2 lakh only on account of payment of interest on loans taken for the second or other homes, by any apartment owner. Mr. Talwar recom-mended that it would be in national interest to increase construction and housing activity, because of its mul-tiplier effect on associated industries as well as on employment. This pro-vision in the current budget actually goes against the promotion of Af-fordable Housing and other housing

by impacting the demand for such housing.

5 Mr. Talwar said that the policy of making ownership of housing into a financial instrument by levying long-term capital gains tax if a property is sold after a period of two years is a welcome step. The Finance Minister tried to set right the double-jeopardy, which was imposed on the unsold inventory in any housing project. The budget announced that tax on deemed notional rental income on unsold inventory will be levied only after one year of getting a Comple-tion Certificate. An anomaly may arise because if re-investment is currently allowed for three years (to any seller of any property) whereas

long-term capital gains tax will be applicable (as early as sale of any property) after two years of owner-ship. Mr. Talwar suggested that it would be prudent to bring tax on un-sold inventory and re-investment of actual gains from property at par with each other – either in two years or in three years in both the cases.

Mr. Manish Agarwal, Chairman, Hous-ing & Urban Development Committee, PHD Chamber delivered the vote-of- thanks at the inaugural session.

The session on panel discussion was moderated by Ms. Kajori Sen, Journalist, CNN-IBN, while the technical session was moderated by Dr. Ranjeet Mehta, Director, PHD Chamber. Other eminent panelists were from- RICS, HDFC Realty, Jindal Realty, Smart Cities Council India & Sotheby’s International Realty, Colliers International, Advocate from Supreme Court, Cushman & Wakefield and HKJ & Associates Advocates & Consultants.

Conference’s Impact: Prime Minister considers PHD Chamber’s suggestions

Post conference, Mr. Rajeev Talwar was invited by the Prime Minister’s Office along with Urban Development and MOUPA Secre-tary to give a presentation on how to create more affordable housing in the country by en-gaging the private sector. The Finance Minis-try has been advised by the Prime Minister’s Office to consider the suggestions given by PHD Chamber to promote affordable housing in the country.


Conference on 3D Printing

PHD Chamber in association with the Department of Scientific and Industri-al Research, Ministry of Science and

Technology organized a conference on ‘3D Printing: The Game Changer’ on February 22, 2017 at PHD House, New Delhi. The knowl-edge partner for the conference was National Science & Technology Entrepreneurship De-velopment Board, Ministry of Science and Technology.

The conference aimed at keeping abreast of the current developments in 3D Printing Technologies and brought together leading organizations to present their latest innova-tions in the area of 3D printing and additive manufacturing.

The conference was presided over by Mr. Deepak Pahwa, Chairman, Innovation Committee, PHD Chamber. Expert speakers included Dr. Pulak M. Pandey, Professor - Mech. Engg. Dept., IIT Delhi; Mr. Vipin Ty-agi, Executive Director, C-DOT, Ministry of Communications & Information Technology and Prof. Kamal Chopra, President - All India Federation of Master Printers.

Mr. Vipin Tyagi was of the view that with 3D printing technology, C-DOT is making products and articles through which the us-age of broadband and internet, even illiterate

The Game Changer

and gullible rural masses could take advan-tage of the product innovations and connect with the rest of the world in terms of technol-ogy to launch their aspirations.

The speakers in the session on ‘The Fu-ture of Additive Manufacturing and 3D Print-ing’ included Mr. V. K. Mishra, Co-Chairman, Innovation Committee, PHD Chamber; Prof. Rajendra Kumar, Associate Professor - Su-shant School of Architecture, Ansal Univer-

sity; Dr. Anjan Kumar Baral, Associate Pro-fessor - Department of Printing Technology, Guru Jambheshwar University of Science & Technology; Mr. Sushil K. Baranwal, Founder - Morphedo Technologies (P) Ltd. and Prof. (Dr.) Vandana Narang, Campus Director- NIFT Delhi.

The speakers of session on ‘Unlocking potential of 3D printing in Healthcare and Medical Devices’ included Dr. Jatinder Singh,

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Senior Secretary, PHD Chamber; Mr. L. Jyo-thish Kumar, President - Additive Manufac-turing Society of India; Mr. Abhinav Singhal, CEO - Oxygen to Innovation; Mr. Shubham Garg, CEO – Autoabode; Dr. N. John Nesan, Director - Centre for Technology Assisted Reconstructive Surgery and Mr. Ashutosh Ku-mar, Mentor - Startup Fellowship.

The conference suggested that efforts amounting to occurrences of innovations even if met with persistent and consistent failures in early stage of life augur well for future whereas if such a thing happens in the later stage of life, it usually leads to bunch of failures. It is thus necessary to seek owning of intellectual property rights through proper patenting on any product innovation to make sure that it is not misused and this is particu-larly true when innovations are taking place in 3D printing which India is gradually adopting and adapting to.

Meeting with Deputy Co-Chairman, Kazakh-Indian Business Council and Director of Centre for International Business Partnership, Almaty, Kazakhstan

The International Affairs Committee for CIS, PHD Chamber organized an inter-action with Mr. Azhmat Alimov, Deputy

Co-Chairman, Kazakh-Indian Business Coun-cil and Director of Centre for International Business Partnership, Almaty, Kazakhstan, Mr. Kassym Mukashev, Third Secretary, Em-bassy of the Republic of Kazakhstan and its members on February 22, 2017, PHD House, New Delhi.

Mr. Saurabh Sanyal, Secretary General, PHD Chamber pointed out that the Chamber looks forward to cooperation from the CIS countries in strengthening bilateral ties. He mentioned that some core areas where CIS could collaborate with India are – minerals & mining, agriculture & agro processing, ser-vice industry, power especially renewable and pharmaceuticals.

Mr. Alimov detailed the participants about the history of the Kazakh-Indian Busi-ness Council and stated that the objective of the Council is to increase business interac-tions and strengthen economic ties with their Indian counterparts.

Industry members interacted with Mr. Alimov and Mr. Mukashev on various issues and explored opportunities in sectors of IT & ITES, agriculture, agro processing, turnkey projects, food processing, polymers amongst others.


Thai Hevea Wood Business Matching

PHD Chamber in collaboration with the Royal Thai Embassy organized the ‘Thai Hevea Wood Business Matching Ses-

sion’ on March 2, 2017 at Hotel Le Meridien, New Delhi.

The session was organized to promote the furniture produced in Thailand by the members of Thai Hevea Wood Association, given its quality and cost effectiveness for the Indian market in its various landscapes. The session was organized with an objective to explore immense possibilities for enhancing furniture exports of Thailand towards India in which the consumption of furniture is likely to gallop manifold with the slogan of ‘Housing for All’ in India becoming a stark reality in next few years.

The current market size of furniture in India is estimated at US$ 20 billion out of which wooden furniture size is estimated around US$ 6 billion. Out of this US$ 6 bil-lion estimated wooden business size, a sub-stantial chunk is imported from countries like Italy, Malaysia, Philippines, Japan and China among others.

Those who graced the occasion were Mr.

A Business Matching Session

Tharadol Thongruang, Minister Counselor (Commercial), Royal Thai Embassy; Mr. Sutin Ponchaisuree, Honorary President, Thai He-vea Wood Association; Mr. Akarin Vongapirat, Deputy General Secretary, Thai Hevea Wood Association and Wood Processing Indus-try Club, F.T.I; Mr. Nikorn Likhitwangphanit, President, Thai Hevea Wood Association & MD of Choosak Southern Parawood Ltd; Mr. Anil Khaitan, Senior Vice President and Mr.

Yogesh Srivastav, Director, PHD Chamber.

Mr. Anil Khaitan, Senior Vice President, PHD Chamber in his welcome remarks said that Thailand is the second largest leader in the world’s furniture segment and is the hub for producing and exporting Hevea wood products in the region. He stated that furniture produced in Thailand is known for its qual-ity, innovative and modern styling and cost effectiveness which needs to be promoted in India, as its huge market here can absorb the furniture imports quite conveniently, given its multiplicities of income groups. He also said that India is one of the largest importers of furniture.

Mr. Nikorn Likhitwangphanit, President, Thai Hevea Wood Association & Manag-ing Director of Choosak Sothern Parawood informed that Thailand’s wood industry is making a substantial contribution to the de-velopment of the country, producing import-ant benefits and playing a significant role in promoting economic growth. Mr. Nikorn also praised Indian wood and furniture industry and opined that Indian furniture market has been booming and is going to become a bil-lion dollar industry soon.

Mr. Akarin Vongapirat, Deputy Gener-al Secretary, Thai Hevea Wood Association and Wood Processing Industry Club, FTI in his presentation on Thailand Hevea Wood Industry and its potential of Supply, gave an insight into the Thai Heavea wood plantation, its utilization and its supply and properties. He informed that the plantation of the Hevea wood includes more than one million farmers and is one of the leading types of wood in the world and The Thai Hevea Wood Association happens to be the biggest timber industries in Thailand.

The Indian companies participating in the Business Matching Session consisted of Alban Roux, Richwood, Try Square, Colonial Hard Woods (P) Ltd., Fabwood and the likes who showed their keen interest to partner with the Thai counterparts.

CAWCAW

Ministry of Commerce & Industry

Department of Commerce

PHD ReachBeyond Borders

The PHD Chamber of Commerce and Industry has planned an eventful calendar of activities all over the world. Join us on a globetrotting world tour to explore business opportunities beyond borders…

FOR PARTICIPATION AND FURTHER DETAILS, PLEASE CONTACT:Rakesh Sangrai, Joint Secretary, International Trade Fairs & Exhibitions

PHD CHAMBER OF COMMERCE AND INDUSTRYPHD House, 4/2 Siri Institutional Area, August Kranti Marg, New Delhi - 110016

Tel: 91-11-26863801-04, Dir: 49545422, M: 8285011851 Fax: 981-11-26855450, 49545451 Email: [email protected] Website: www.phdcci.in

ANNUAL PLAN 2017 - 2018

LIST OF ANNUAL EVENTS (2017-2018)

SHENZEN, CHINA – April 25 – 28, 2017 - China Int’t Gift Premium & Handicraft Fair

DUSSELDORF, GERMANY – May 4 – 10, 2017- Interpack Process & Packaging Exhibition

DUBAI, UAE - May 14 – 16, 2017 - Beauty World Middle East

KUALA LUMPUR MALAYSIA – May 31 – June 4, 2017 Global Indian Festival – Multi Sector

BANGKOK, THAILAND – May 31 - June 4, 2017 THAIFEX – World of Food Asia

SOCHI, RUSSIA - July 7 – 11, 2017 Best of India Show - MULTI SECTOR

DHAKA, BANGLADESH – July 11 – 13, 2017 Wood & Woodworking Machinery Expo, Buildcon

NEW DELHI, INDIA – July 28 – 31, 2017 RBSM at IMTOS (India Machine Tools Show)

TEHRAN, IRAN – Spet. 3 - 6, 2017 IRANTEX – Textile Machinery Show

AMRITSAR, INDIA – Dec. 8 - 12, 2017 SAARC RBSM at PITEX

ADIS ABABA, ETHIOPIA - Feb. 4 – 6, 2018 Agri Food Plast Pack

KATHMANDU, NEPAL - Feb. 7 -10, 2018 Nepal Buildcon/Nepal Wood


The Micro, Small & Medium Enterpris-es Development Institute, (MSME DI) Okhla, New Delhi organized a two-day

National Symposium on IPR Intellectual Property Rights for SMEs and Start-Ups, De-cember 23-24, 2016 at Faridabad, Haryana. PHD Chamber was the supporting partner of the event.

The objective was to create awareness, capacity building and implementation of IP for the SMEs, Academia and Startups and to interact with the government officials, IP experts and leaders from industry, academi-cians, professionals, technologists, etc. re-garding recent trends on IP and new initiatives and services provided by the government.

Mr. Surendra Nath Tripathi, Additional Secretary & Development Commissioner MSME was the chief guest for the occasion.

Ms. Anju Bajaj, Co-Chairman, Committee on MSMEs, PHD Chamber stated that entre-preneurs should be proactive in implementing IP solutions to identify novel innovations and

National Symposium on Intellectual Property Rights for SMEs and Start-Ups

increase revenues. PHD Chamber has set up an IPR Facilitation Centre with the support of Ministry of MSMEs to promote awareness and

adoption of IPRs amongst entrepreneurs and MSMEs in India while also making accessible high-quality IP services and resources.

FOCUS STATE : HARYANA

The Goods and Services Tax (GST) Coun-cil approved the draft CGST Bill and the draft IGST Bill as vetted by the Law Min-

istry. This allows the government to take these bills to the Parliament for their passage in the budget session.

Some of the main features of the two Bills are as follows:

-A State-wise single registration for a taxpayer for filing returns, paying taxes,and to fulfil other compliance requirements. Compliance requirements would be fulfilled online, thus leaving very little room for physi-cal interface between the taxpayer and the tax official.

-A taxpayer has to file one single return state-wise to report all his supplies, whether made within or outside the State or exported out of the country and pay the applicable tax-

GST Council approves the Central Goods and Services Tax (CGST) Bill and the Inte-grated Goods and Services Tax (IGST) Bill

es on them.

- A business entity with an annual turn-over of upto Rs. 20 lakhs would not be re-quired to take registration in the GST regime. Annual turnover threshold in the Special Cat-egory States such as Arunachal Pradesh, Sik-kim, Uttarakhand, Himachal Pradesh, Assam and the other States of the North-Eas) for not taking registration is Rs. 10 lakhs.

-A business entity with turnover upto Rs. 50 lakhs can avail the benefit of a composi-tion scheme under which it has to pay a much lower rate of tax and has to fulfil very minimal compliance requirements. The Composition Scheme is available for all traders, select manufacturing sectors and for restaurants in the services sector.

-In order to prevent cascading of taxes, ITC would be admissible on all goods and

services used for business. ITC entitlement arising out of taxes paid under the Central Law can be cross-utilised for payment of taxes un-der the States or UT laws.

-In the services sector, the existing mechanism of Input Service Distributor under the Service Tax law has been retained to allow the flow of ITC in respect of input services within a legal entity.

-An agriculturist would not be liable to take registration in the GST regime.

-Transitional provisions have been pro-vided to ensure migration of existing taxpay-ers and seamless transfer of unutilised ITC in the GST regime.

-An anti-profiteering provision has been incorporated to ensure that the reduction of tax incidence is passed on to the consumers.


A round-table discussion on ‘Make in India, Make in J&K’ J&K Chapter of PHD Chamber organized

a round-table discussion on ‘Make in India, Make in J&K’ in collaboration with

ICccR & HRM, Jammu University on February 23, 2017 at Jammu.

Mr. Anil Khaitan, Senior Vice President, PHD Chamber in his welcome address con-gratulated the State government for imple-menting significant reforms including Access to Information and Transparency Enablers, Single Window System, Availability of Land, Construction Permit Enablers and Environ-mental Registration Enablers among others. Mr. Khaitan also mentioned that the State government and the Union government are putting their best efforts to promote indus-tries and generate employment opportunities in the state of Jammu and Kashmir. Mr. Khai-tan handed over the report prepared by PHD Research Bureau for Ease of Doing Business in India and apprised the audience that more than 100 recommendations were included for policy making for ‘Make in India’ flagship program.

Chief Guest, Mr. Chander Prakash Ganga, Minister for Industries and Commerce J&K Govt. apprised the participants about the on-going initiatives of J & K Govt. to promote industry and Start-ups. He made a special mention about the avenues for women entre-preneurs. He also emphasized that the State government is concerned about the promo-tion of the ‘Make in India’ initiative of Prime Minister Modi.

The discussion revolved around iden-tifying the connect between ‘Make in India’ and ‘Make in J&K’ wherein major initiatives designed to facilitate investment, foster in-novation, skill development, protection of in-tellectual property rights and manufacturing infrastructure were deliberated upon. The dis-

cussion also stressed upon reviving the ailing manufacturing sector through single-window clearance and cutting out red-tapism which shall provide impetus for employment and growth. The Minister appreciated the Cham-ber for organizing the interactive session for the promotion of industry, trade and entrepre-neurship in the State.

Mr. Vikrant Kuthiala, Chairman, PHDCCI, J&K, Jammu; Mr. Kuldeep Gupta, Co-Chair-man, PHD Chamber, Jammu; Mr. Pratul Tandon, CIPAM, Department of Industrial Policy and Pro-motion, GOI; Mr. Rakesh Kumar Gupta, Char-tered Accountant; Mr. Sunil Gupta, Vice-Pres-ident, J&K Bank Ltd.; Prof Dipankar Sengupta, Department of Economics, JU; Mr. Amit Shar-ma, Managing Director, J&K State Industrial De-velopment Corp.; Mr. Lalit Mahajan, Chairman, Federation of Industries, Jammu; Mr. Annil Suri, Ex-Chairman, Federation of Industries, Jammu and Professor Neelu Rohmetra, Found-er Director, ICccR & HRM and Rector, Jammu

University were the speakers for the roundtable discussion. Prof Desh Bandhu Gupta, Dean Ac-ademic Affairs, Jammu University, presided over the roundtable discussion.

The various initiatives taken at state lev-el to strengthen ‘Make in India’ campaign including online processing of business proposals, self certification, establishment of green corridor at Lakhanpur, delegation of powers and time bound clearances from other departments, including power development department and State Pollution Control Board were also discussed.

On this occasion, the Placement Bro-chure for MBA (International Business) Pro-gram (Session 2016-17) and the Academic Brochure of ICccR & HRM, University of Jam-mu (Session 2017-18) were also released by Mr. Chander Prakash Ganga and Mr. Anil Khaitan, Senior Vice President, PHD Chamber along with other dignitaries.

FOCUS STATE : JAMMU & KASHMIR


FOCUS STATE : PUNJAB

APress Conference was held at the Pun-jab Press Club, Jalandhar on February 15, 2017 to announce the ‘South Asian

Trade Fair & Consumer Expo-2017’ February 16-20, 2017 at Jalandhar. It was addressed by the Mr. R. S. Sachdeva, Chairman, Punjab Committee; Mr. Sanjeev Juneja, Convenor, Jalandhar Zone; Mr. Raja Amer Iqbal, Presi-dent, Rawalpindi Chamber of Commerce & Industry; Mr. Fahad Barlas of Pak World Trade & Expo Centre, Pakistan and Ms. Madhu Pillai, Resident Director, PHD Chamber, Chandigarh.

A dinner was also hosted on the eve of the Expo for the Pak delegation. The fair was inaugurated on February 16, 2017 jointly by Mr. Raja Amir Iqbal, President, RCCI and Mr. Gursharan Singh, President of Federation of Jalandhar Industrial and Traders Associa-tion. Mr. Iqbal appreciated the efforts of PHD Chamber for organizing this event which will not only help strengthening trade relations with Pakistan but the entire South Asia. Lat-er, Raja Amer Iqbal, Mr. Gursharan Singh and other dignitaries took a round of the Exhibition and visited different pavilions.

Speaking on the occasion, Ms Madhu Pillai said that the Indian side of Punjab was already on the world map in terms of exports of fashion, sports and agriculture. She add-ed that the objective of the Expo is to fur-ther boost exports and international trade in the region.Handicrafts, gems and jewellery, handmade garments, shawls, textile prod-ucts, leather garments, furniture, Pashmina and food stalls were the key attractions at the Expo. Traditional culinary delicacies and spices, itar and dry fruit from Egypt also at-tracted the visitors. Over 70 exhibitors from Pakistan, Afganistan and various parts of India participated in the Expo. The Expo received a footfall of approx. 50,000 during the five days and was extensively covered by local media.

South Asian Trade Fair & Consumer Expo-2017


FOCUS STATE : RAJASTHAN

The PHD Chamber organized a confer-ence on the ‘Impact of Demonetisation on Real Estate’ on December 24, 2016

at Hotel Fern, Jaipur.Mr. Sharad Mishra, Chairman, Rajasthan

Infrastructure Committee, PHD Chamber and Director, Trimurty Colonisers & Builders in his welcome speech said that the impact of demonetization has been huge on the real estate industry. He opined that the industry was passing through a lean period and de-monetization has made the situation worse. He further added that in coming times, or-ganized real estate players may survive but demonetization has wiped out all fly-by-night operators.

Mr. Prabhakar Sinha, Deputy Financial Editor, The Times of India opined that this is an opportune time for real estate to get into shape and demonetization has come as a boon for this sector as there would be correc-tion in property prices and homes would now be within the reach of common man. He said that demonetization should not be treated as

Conference on Decoding the Impact of Demonetization on Real Estate

a demon but as a silver lining and industry should seek opportunity in driving business. However, the government should lend sup-port to industry in terms of packages and incentives, he further added.

Mr. Ashok Agrawal, President Township Developers Association of Rajasthan (TO-DAR), Rajasthan said that the demonetiza-tion has disrupted the market. However, the price correction will lead to surge in volumes as real estate would still remain the best in-vestment option. He predicted that real estate industry, particularly in Rajasthan, would see a boom in coming times as only genuine op-erators would be left in the market.

Mr. Anurag Sharma President CREDAI, Rajasthan apprised that CREDAI Rajasthan has geared up to take up the challenges thrown by demonetization. The real estate in-dustry would bring in all the good practices of other industries to become more transpar-ent and fair. CREDAI will bring together the government and financial institutions to fuel funding so that projects can be completed

timely. He pointed out that housing projects, mostly in NCR region are facing a financial crunch and post demonetization the situation has worsened. He suggested that the govern-ment should come up with some subsidy and an incentive scheme to complete its amb-tious plan of ‘Housing for All’ by 2022.

Mr. Abhishek Mishra, Director, Trimurty Colonisers stated that demonetization will bring in transparency in the sector. This may lead to more foreign investment coming into the country and real estate firms may look up to markets to raise money. However, this will take some time as demonetization has shaken up the confidence of investors and the pres-ent situation was a consolidation time for real estate players. He hoped that the markets will once again show green shoots when banks and financial institutions will ease lending norms for real estate projects.

Mr. Rituraj Tiwari, Resident Director of PHD Chamber, Rajasthan Chapter coordinat-ed the discussions and delivered the vote of thanks to the guests.


FOCUS STATE : UTTAR PRADESH

PHD Chamber and its Young Business Leaders Forum organized the launching of the Fiction Novel “Someone to Love”

authored by Ms. Ruchita Mishra on February 9, 2017 in Lucknow.

This is fourth novel in the series penned by Ruchita Mishra, Author of bestselling nov-els. She was awarded the coveted ‘Awadh Samman’ in 2012. Her 6 books were short listed for Young Writer Awards in 2015 and the one tilted “The (In) Eligible Bachelors” was on the Hindu’s best seller books’ list and the “Second Change at Love” was in the top 10 in the National bestsellers’ list.

Someone to Love

Ms. Ruchita Mishra exemplifies as to how it is not only possible to pursue creative as-pirations along with a demanding ‘job’, but also, being creatively active, alert, happier, a better team player and a more able leader.

In the glittering function at PHD House, eminent bureaucrat, Mr. Parthasarthi Sen Sharma unveiled the book “Someone to Love.” Earlier, Ms. Aparna Mishra of PHD Chamber welcomed Ms. Ruchita Mishra and all the guests to the Launch Program.

Mr. Gaurav Prakash, Chairperson of Young Business Leaders of PHD Chamber in-

troduced Ms. Ruchita Mishra to the audience and interacted with her on the contents and the process of bringing out the book “Some-one to Love”. Ruchita read out a few paras of her novel with tumultuous applaud and appre-ciation by the audience.

She said that love was eternal and it had many connotations to every person at differ-ent points of time and that is what was cap-tured vividly in her novels.

The launch program was attended by a large number of eminent personalities of Luc-know.

Parliamentary Standing Committee Meeting on IndustryPHD Chamber was invited for a Depart-

mental-related Parliamentary Standing Committee on Industry meeting for ex-

amining the Demands for Grants (2016-17) of the Ministry of Micro, Small and Medium Enterprises on February 20, 2017 at Parlia-ment House, Annexe, New Delhi.

Mr. Mohit Jain, Chairman, MSME Com-mittee; Ms. Anju Bajaj, Co-Chair, MSME Committee and the secretariat team attended the meeting from the Chamber’s side.

Chairing the meeting, Mr. Sharad Yadav,

Rajya Sabha, MP welcomed industry associ-ations and highlighted how demonetization has affected MSME industry and also issues pertaining to Demand for Grants.

Mr. Mohit Jain, Chairman, MSME Com-mittee, PHD Chamber welcomed the allot-ment of Rs. 3002 crore in 2017-18 for the CGS Scheme, which he felt would provide a tremendous boost to the MSMEs in terms of access to credit.

Ms. Anju Bajaj, Co-Chair, MSME, PHD Chamber stated that there should be revival of

Mahila Udyam Nidhi Scheme.

She also suggested that certification bodies should give one month’s notice if they plan to hike the fees. BIS has increased their certification fee to 70 percent.

She further added that Micro Small indus-try should be encouraged to put –in- house labs for products and they should be given some incentives as this will be important for public procurement and quality standards too.

Further, she said that the budget alloca-tion for MDA scheme needs to be enhanced.


Startup Awareness Seminar Uttarakhand State Chapter of PHD

Chamber took an initiative to enable a Uttarakhand specific Startup Ecosys-

tem by establishing a Startup Task Force. The 1st Startup Awareness seminar was organized by the Chapter on February 16, 2017 at Deh-radun.

Mr. S.P. Kochhar, Chairman, Uttarakhand Chapter of PHD Chamber welcomed the chief guest, Mr. Amit Negi (IAS) Secretary Finance Govt. of Uttarakhand, Mr. S.C. Nautiyal, Addi-tional Director Industry, Govt. of Uttarakhand and other experts.

Mr. Nitesh Kaushik, Co-Chair, for Startup of the Task Force, PHD Chamber shared the objective of the task force which is to provide opportunities to Startup Entrepreneurs and Researchers to accelerate the development of their Startups with special focus on SMEs & Rural Startups.

He explained how the Chamber will inter-vene from Ideation to Prototype to Product to Distribution – Sales and scaling up.

Dr. Jatinder Singh, Senior Secretary, PHD Chamber informed that the Chamber is one such institution earmarked by the Govt. of India to issue a recommendation letter to an eligible startup.

He stated that Govt. of Uttarakhand needs to come up with policy in line with centre’s startup program with special focus on the sectors important for the state, like tourism.

Chief Guest, Mr. Amit Negi, Finance Sec-retary, Govt. of Uttarakhand assured that this initiative will not only help stop brain drain from the state but also align originally states’ resources including human capital, apart from aligning world resources conducive for the startup ecosystem.

FOCUS STATE : UTTARAKHAND

Mr. S.C. Nautiyal also shared the thought process of the state administration in this ecosystem which focuses on facilitating a startup environment by providing specific provisions in the budget as a policy.

Dr. A.K. Nigam, Associate Professor at UPES stated that the academic involvement and importance of it in the Startup ecosys-tem, is evident from the fact that many of the start-ups are today initiated from the campus-es itself.

Dr. P.K. Ghosh, Dy Director, IIT Roorkee as part of the Startup Evaluation program of IIT Roorkee, stated that innovation in the lab is not sufficient; it has to culminate to market adoption passing through recognition, busi-ness model development and market.

Mr. Akshay Singhal a research scholar from IIT Roorkee shared his story of a suc-cessful Startup venture Log9 Materials P. Ltd..


INTERFACE

Meeting with Secretary (East), Ministry of External Affairs

APHD Chamber delegation led by Mr. Gopal Jiwarajka, President along with Mr. Anil Khaitan, Senior Vice President, Mr. Purrshot-tam Bhaggeria, Chairman, International Affairs Committee for

Asia-Pacific & Europe, Mr. Sanjeev Ahuja, Co-Chairman, International Affairs Committee for Asia-Pacific & Europe, Mr. Yogesh Srivastav, Di-rector, Ms. Bhavna Singh, Deputy Secretary and Ms. Kruttika Salapaka, Executive Officer met Ms. Preeti Saran, Secretary (East), Ministry of External Affairs on February 9, 2017 at PHD House, New Delhi.

Meeting CMD, India Trade Promotion Organization

APHD Chamber delegation led by Mr. Rajiv Bhatnagar, Chairman, Defence & HLS Committee along with Maj R. S. Bedi (Retd), Co-Chairman, Defence & HLS Committee and Brig. H. P. S. Bedi,

VSM (Retd), Advisor, Defence & HLS Committee met Mr. L. C. Goyal, Chairman & Managing Director, India Trade Promotion Organization on February 6, 2017 at CMD’s office to apprise him about the Chamber’s scheduled conference on ‘MSME Defence & Homeland Security Ca-pacity Display & Expo 2017.’

Meeting with Chairman, Asian Institute of Transport Development

APHD Chamber delegation led by Mr. Bhupesh Joshi, Co-Chair-man, Civil Aviation Committee and Mr. Yogesh Srivastav, Direc-tor met Mr. K.L. Thapar, Chairman, Asian Institute of Transport

Development on February 10, 2017. The purpose was to invite him as Special Guest for the upcoming 6th India Heritage Tourism Conclave scheduled for March 16 &17, and the 4th PHD Global Rail Convention for April 21, 2017.

Meeting with Minister for Science & Technology, Social Welfare, ARI & Trainings J&K

APHD Chamber delegation led by Mr. Anil Khaitan, Senior Vice President along with Mr. Vikrant Kuthiala, Chairman, Jammu, Ms. Kanchan Zutshi, Joint Secretary, Mr. Pratul Tandon, CIPAM Dept.

of Industrial Policy & Promotion and Iqbal Fayaz Jan, Resident Officer, J&K met Mr. Sajad Gani Lone, Hon’ble Minister for Science & Technol-ogy, Social Welfare, ARI & Trainings, J&K Govt. on February 22, 2017 in Jammu. The Minister assured his intervention in signing of MoUs with the Chamber for sanitization and outreach programs in colleges and schools regarding IPRs.

Meeting with the Director General (MF), IHQ of MoD (Army)

APHD Chamber delegation led by Maj. R. S. Bedi (Retd), Co-Chairman, Mr. Mukesh Gupta, Co-Chairman and Brig. H P S Bedi, VSM (Retd), Advisor, Defence Committee met Lt. Gen. A B

Shivane, AVSM, VSM, Director General (MF), IHQ of MoD (Army) on February 9, 2017 at DG (MF) office.

Meeting Deputy Chief Minister and Finance Minister, Govt. of NCT of Delhi

APHD Chamber delegation led by Mr. Bimal Jain, Chairman, In-direct Taxes Committee along with Mr. N. K. Gupta, Co-Chair-man, Indirect Taxes Committee and Mr. Vijay Chaudhry, Director

Finance met Mr. Manish Sisodia, Deputy Chief Minister and Hon’ble Finance Minister, Govt. of NCT of Delhi on February 16, 2017 in New Delhi. The objective was to discuss contentious issues under the re-vised model of GST Law.

Meeting with Hon’ble Minister of State for Youth Affairs and Sports (Independent Charge), Ministry of Youth Affairs and Sports

APHD Chamber delegation led by Mr. Gopal Jiwarajka, President, PHD Chamber and comprising of Mr. Yogesh Srivastav, Director and Mr Prafful Chugh, Assistant Secretary met the Hon’ble Minister of State

for Youth Affairs and Sports (Independent Charge), Ministry of Youth Affairs and Sports, Govt. of India on March 8, 2017 at his residence in New Delhi. The objective of the meeting was to discuss the ppotential collaboration for upcoming policies & schemes of Ministry of Youth Affairs and Sports like NYKS, NPYAD, NYLP etc. with PHD Chamber and to apprise the Hon’ble Minister about the upcoming initiatives at PHD Chamber including 6th India Heritage Tourism Conclave at Khajuraho scheduled for March 16-17, 2017.


Supply, Time & Place of Supply and Input Tax Credit under Revised Model GST Law

Defining GST

Whilst the Government is keen to make Goods and Services Tax (“GST”) a reality soon, efforts put

in by the Government to look into the volu-minous suggestions submitted by various stakeholders, on First cut Model GST Law [“MGL”] (put on public domain on June 14, 2016), is indeed commendable. Honest at-tempt of the Government to eradicate the daunting provisions in the earlier Model GST Law, can be very well seen in the Revised Model GST Law which was made public on November 26, 2016.

SPECIAL FEATURE

Apart from addressing key concerns of the Industry in a very decent manner, the Re-vised Model GST Law has also proposed an anti-profiteering mechanism to ensure benefit of lower taxes is shared with consumers, and also ensures no tax on securities and subsi-dies provided by the Government as also free of cost supplies.

This Article deciphers the provisions of ‘Supply’, ‘Time of Supply’, ‘Place of Supply’ and ‘Input Tax Credit (“ITC”)’under Revised MGL, in a lucid manner for easy understand-ing.

Supply – the taxable event in GST

Determination of the taxable event in any tax law is of utmost significance as the levy of tax is based on occurrence of that event. In the MGL, a uniform and single taxable event ‘supply’ would replace multiple taxable events i.e. manufacture, provision of service and sale, etc., as prevalent in the present regime. Thus, the constant monitoring and compliance required for keeping track of var-ied tax trigger points at present would fade away in GST, but, simultaneously, the term ‘supply’ will hold the greatest significance and shall be important in determining the tax-ability of all transactions, whether commer-cial or otherwise under GST regime.

By Bimal JainExecutive Director

Isha BansalSenior Associate, A2Z Taxcorp LLP



Like the Earlier MGL, definition of term ‘supply’ is contained in Section 3 of the Model CGST/SGST Act, 2016. A comparative view of the provisions is given hereunder for easy digest:Section Sub Earlier MGL Revised MGL

3 (1) Supply includes Supply includes

(a) all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consid-eration by a person in the course or furtherance of business

all forms of supply of goods and/or services such as sale, transfer, barter, exchange, li-cense, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business

No changes

(b) importation of service, for a consideration and whether or not in the course or furtherance of business

importation of services, for a consideration whether or not in the course or furtherance of business, and

Corresponding provi-sion in Schedule I

Following inserted in Schedule I – Para 4:Importation of services by a taxable person from a related person or from any of his other establishments outside India, in the course or furtherance of business

Gist of the changes � Importation of services without consideration out of taxable net, except for following specified scenarios:

Importation of services by a taxable person from a related person, in the course or furtherance of business

Importation of services by a taxable person from any of his other establishments outside India, in the course or furtherance of business

� Importation of services for personal use still continues to be considered as a supply

(c) a supply specified in Schedule I, made or agreed to be made without a consideration

a supply specified in Schedule I, made or agreed to be made without a consideration

No changes Assets/ services put to private or non-business use, Assets retained after deregistration, FOC Supplies, etc.

(2) Schedule II, in respect of matters mentioned therein, shall apply for determining what is, or is to be treated as a supply of goods or a supply of services

Schedule II, in respect of matters mentioned therein, shall apply for determining what is, or is to be treated as a supply of goods or a supply of services

No changes

Correspo-nding provision in Schedule I

— Following inserted in Schedule I – Para 3:Supply of goods—(a) by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal, or(b) by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal

Gist of the changes portant changes underlying this shift:

– FOC Principal-Agent transaction also covered under taxable net – Taxability restricted to goods only

(3) — Notwithstanding anything contained in sub-section (1),(a) activities or transactions specified in schedule III; or(b) activities or transactions undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities as specified in Schedule IV, shall be treated neither as a supply of goods nor a supply of services

Gist of the changes dealing with activities or transactions undertaken by the Central Government, a State Government or any Local

Authority in which they are engaged as public authorities, which shall neither be treated as supply of goods nor supply of services, was also present in earlier Model GST Law.

Schedule III has been now newly added which covers activities or transactions which shall neither be treated as supply of goods nor supply of services like services by an employee to employer in course od or in relation to his employment, services of funeral, burial etc.

(4) Subject to sub-section (2), the Central or a State Gov-ernment may, upon recommendation of the Council, specify, by notification, the transactions that are to be treated as—(i) a supply of goods and not as a supply of services; or(ii) a supply of services and not as a supply of goods; or(iii) neither a supply of goods nor a supply of services

Subject to sub-section (2) and sub-section (3), the Central or a State Government may, upon recommendation of the Council, specify, by notification, the transactions that are to be treated as—(a) a supply of goods and not as a supply of services; or(b) a supply of services and not as a supply of goods; or(c) neither a supply of goods nor a supply of services

No Changes continues as such

Gist of the changes commerce operator under chargeable section. Such persons would be liable to pay tax and supplies made by such persons would

not be deemed supplies by them.

(5) — The tax liability on a composite or a mixed supply shall be determined in the following manner:(a) a composite supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of such principal supply;(b) a mixed supply comprising two or more supplies shall be treated as supply of that par-ticular supply which attracts the highest rate of tax

Gist of the changes – Composite supply i.e. supplies naturally bundled It shall be treated as a supply of principal supply

– Mixed supply i.e. two or more individual supplies or combination thereof, not constituting composite supply It shall be treated as a supply which attracts the highest rate of tax

SPECIAL FEATURE


The taxable event under the GST regime shall be ‘supply’ of goods and/or services. However, the time of supply when the liability to pay CGST/SGST (Intra-state) or IGST (inter-state) on goods and/or ser-vices arises, shall be determined in the following manner:I. General provisionThe time of supply of goods and services shall be the earlier of the following:

(a) Date of issue of invoice by the supplier or the last date on which he is required, to issue the invoice (under section 28) with respect to the supply

(b) Date on which the supplier receives the payment with re-spect to the supply.

Provisions for raising invoice as per section 28:

Supply of goods Supply of services

Before or at the time of,- Before or after the provision of service but within a peri-od prescribed [i.e. 30 days in all cases/ 45 days in case of banking and financial institu-tion from the date of supply of services]

a) removal of goods for sup-ply to the recipient, where the supply involves move-ment of goods, or

b) delivery of goods or mak-ing available thereof to the recipient, in any other case

Where amount upto Rs. 1,000/- is received in excess of amount indicated in an invoice, the time of supply to the extent of such excess amount shall, at the option of the said supplier, be the date of issue of invoice.II Supply under reverse charge mechanism (“RCM”)

Time of supply for goods Time of supply for services

Earliest of the following: Earliest of the following:

a) Date of receipt of goods, or (a) Date on which paymentis made, or

b) Date on which payment is made, or

(b) Date immediately fol-lowing 60 days from the date of issue of invoice by the supplier

c) Date immediately follow-ing 30 days from the date of issue of invoice by the supplier

Where it is not possible to determine the time of supply under the above clauses, the time of supply shall be the date of entry in the books of account of the recipient of supply

– In case of associated enter-prise:Where the supplier of service is located outside India, the time of supply shall be the date of entry in the books of account of the recipient or the date of payment, which-ever is earlier.

Principles of Time of supply for goods and/or services [Section 12 to 14 of the Mod-el CGST/SGST Act, 2016]

III. Supply of vouchersIn case of supply of vouchers, by whatever name called, by a supplier, the time of supply for goods and services shall be:(a) Date of issue of voucher, if the supply is identifiable at that point; or(b) Date of redemption of voucher, in all other cases.

Where it is not possible to determine time of supply under the above provisions, time of supply for goods and services shall be:(a) In a case where a periodical return has to be filed - Date on which such return is to be filed(b) In any other case - Date on which the CGST/SGST or IGST is paid

servicesHere, the provisions provided under the GST Law are drawn on similar line as existing Rule 4 of the Point of Taxation Rules, 2011 (“POTR”).In other words, determination of rate of tax depends upon three im-portant events viz.:

Thus, the rate of tax would be the one prevailing when two out of three events occur either prior to or after the date of change in rate of tax.

Manifestly, it seems that most provisions are borrowed from the present POTR under the Service tax laws, with some modifications. In the Revised MGL, number of parameters as provided in the First MGL has been pruned down and events such as date of receipt of supply in the books of account of recipient etc., have been removed.

Thus, determination of the time of supply provisions under forward charge has been mainly limited to the following two pa-rameters:

is required to be issued

In First MGL, provisions in respect of change in rate of tax was restricted for supply of services only, which now has been extended for supply of goods as well.

However, still no provision is provided in the Revised MGL to determine the time of supply where goods or services becomes tax-able for the first time under GST regime as provided under section 67A of the Finance Act, 1994 read with rule 5 of the POTR.


Principles for determining place of supply of goods and/or ser-vices are required for the following reasons:

Taxpayer: To determine the nature of sale i.e. intra-state/ inter-state/ import/ export.Government: To determine the state where state component of GST would accrue.

Principles for determination of supplies of goods and/or services in the course of intra-state or inter-state trade or commerce are pre-scribed in section 3 and 4 of the Model IGST Act, 2016.

Broadly, intra-state supply of goods/services means any sup-ply of goods/services where the location of the supplier and the place of supply are in the same state. Inter-state supply of goods/ser-vices means any supply of goods/services where the location of the supplier and the place of supply are in different states.

Section 7: Place of supply of goods other than supply of goods imported into, or exported from India

Scenario Place of supply

When movement of goods is involved

Location of goods where move-ment terminates for delivery

When goods are supplied by transfer of documents during movement of goods (Bill to Ship to Model or EI-EII model)

Principal place of business of third person on whose direction goods were supplied to another person

When movement of goods is not involved

Location of goods at the time of delivery

When goods are assembled or installed at site

Place of such installation or assembly

When goods are supplied on board a conveyance

Location at which such goods are taken on board

Where the place of supply of goods cannot be determined as per above principles

Manner to be prescribed by the Central Government on recom-mendation of GST Council.

Section 8: Place of supply of goods imported into, or exported from India

Scenario Place of supply

When goods are imported into India

Location of the importer

When goods areexported from India

Location outside India

Section 9: Place of supply of services where location of suppli-er of service and location of the recipient of service is in India

Categories Place of supply

General Rule – Business to Business (“B2B”) and Busi-ness to Consumer (“B2C”)

B2B supplies: location of re-cipientB2C supplies: location of re-cipient where address on record exists,If not, then the location of sup-plier of services

Place of supply of goods and/or services [Section 7 to 10 of the Model IGST Act, 2016]

Further, specific provisions for identified situations & dif-ferent treatment for certain B2B and B2C transactions of specified services has also been provided in respect of the following specified services:

Services directly related to immovable property

Location of immovable propertyWhere property/boat/ves-sel located in more than one State à proportionate allocation amongst states as per the contract or on reasonable basisWhere location of the im-movable property/boat/vessel is located or in-tended to be located out-side India à Place of sup-ply shall be the location of the recipient

Specific services such as sup-ply of restaurant and catering services, health service etc.

Place of actual perfor-mance

Services in relation to training and performance appraisal

B2B supply: location of recipientB2C supply: place of performance

Admission to a cultural, ar-tistic, sporting etc., events, amusement parks etc.and services ancillary thereto

Place where event held or where the park/ other place is located

Organization of event and ser-vices in relation to such event and ancillary services or as-signing of sponsorship

B2B supply: location of recipient B2C supply: where event is heldWhere the event is held in more than one state and a consolidated amount is charged àProportionate value of services to be consideredWhere event is held outside India à Place of supply shall be the location of the recipient

Goods transportation services B2B supply: location of recipientB2C supply: locationat which such goods are handed over for their transportation

SPECIAL FEATURE

Passenger transportation ser-vices

B2B supply: location of recipientB2C supply: Place where the passenger embarks on the conveyance for a con-tinuous journey

Services on board a convey-ance such as vessel, aircraft, train or motor vehicle

Location of the first scheduled point of departure of that con-veyance for the journey

Telecommunication ser-vices including data transfer, broadcasting, cable and DTH services

Fixed line/ leased circuit, internet based circuit, cable or dish antenna — Place of installation of the fixed line/leased circuit etc.Mobile connection and in-ternet services — Post-paidà Billing address of the recipient on record of the supplierMobile connection, internet services, DTH – Pre paid (through physical voucher etc.)

Through selling agent/re-seller/distributor: ad-dress of the selling agent or re-seller or distributor as per the record of the supplier at the time of supplyBy any person to the final subscriber: location where such pre-payment is re-ceived or such vouchers are sold

In any other case: Address of the recipient as per record of the supplierWhere address of the recipient as per records of the supplier is not available — Place of sup-ply shall be location of the supplier of service

Where pre-paid service is availed or recharge is made through electronic mode —Place of supply shall be lo-cation of the recipient as per record of the supplier

Where the leased circuit is in-stalled in more than one state and a consolidated amount is charged — proportionate al-location amongst states as per the contract or on rea-sonable basis

Similarly, separate provisions have been provided for the following:Banking and other financial servicesInsurance servicesAdvertisement services to the central government, a state gov-ernment, a statutory body or a local authority

Section 10: Place of supply of services where the location of supplier or the location of the recipient is outside India

Principles of place of supply of services when the location of supplier or the location of recipient is outside India, has been drawn on similar pattern as existing in the Place of Provision of Services Rules, 2012 (“POPS”) for determining export/import of services from India/into India, with new inclusion of provision in case of ‘online in-formation and database access or retrieval (“OIDAR”) services, where-in place of supply shall be the location of recipient.

It is further provided that in order to prevent double taxation or non-taxation of the supply of a service, or for the uniform application of rules, the Central Government shall have the power to notify any description of service or circumstances in which the place of supply shall be the place of effective use and enjoyment of a service.

The place of supply principles have been expanded to provide separate set of principles for import/export transactions. Place of sup-ply provisions for services are drawn on similar line as the existing POPS with certain modifications.



ITC is believed to be the backbone of the GST. Tax cascading has been one of the daunting flaws of the current indirect taxation system which increases the cost of goods and services. The GST regime is being envisaged to provide seamless flow of credit on goods and services across the supply chain.

Meaning of Key Terms

‘Input Tax Credit’[Section 2(56)] means credit of ‘Input tax’.

‘Input Tax’ [Section 2(55)], in relation to a taxable person, means the IGST, includingthat on import of goods, CGST and SGST charged on any supply of goods or services to him and includes the tax payable under section 8(3) [i.e. under Reverse Charge], but does not include the tax paid under section 9 [i.e. under Composition Levy].

‘Input’ [Section 2(52)] means any goods, other than capital goods, used or intended to be used by a supplier in the course or fur-therance of business.

‘Input service’ [Section 2(53)] means any service, used or intend-ed to be used by a supplier in the course or furtherance of busi-ness.

‘Capital goods’ [Section 2(19] means goods, the value of which is capitalised in the books of accounts of the person claiming the credit and which are used or intended to be used in the course or furtherance of business.

I. Eligibility and conditions for taking ITC

Only the registered taxable person under GST can claim ITC.

Application of registration to be made within 30 day: In order to avail ITC on inputs held in stock and inputs contained in semi- finished/ finished goods held in stock on the day immediately preceding the date from which a person becomes liable to pay GST, application for registration has to be made within 30 days.

In the absence of any provisions as to eligibility to avail ITC when there is delay in applying for registration under GST, it appears that such credit on inputs would be lapsed and would be available only after the date of registration granted under the GST Law.

Specific provision has been inserted which states that ITC in respect of pipelines and telecommunications tower fixed to earth by foundation or structural support including foundation and structural support is to be obtained 1/3rd on yearly basis.

The registered taxable person shall avail ITC under GST, subject to the following essential requirements:

- Must be in possession of tax invoice, debit note or other taxpaying document(s) as may be prescribed.

- The goods and/or services must have been received.

- Tax charged has been actually paid to the appropriate government.

- Return has been furnished.

ITC made dependent upon payment of tax by supplier: Availabilityof ITC to recipient has been made dependent on payment of tax by supplier. Thus, even if the receiver has paid the amount of tax to the supplier and the goods and/or services so procured are eligible for ITC, no credit would be available, till the time tax so collected by the supplier is deposited to the Government.

Payment of invoice for supply of services is to be made within 3 months: ITC availed is to be added to output tax liability of recipient along with interest thereon, when value of services and tax is not paid within 3 months from date of issue of invoice by supplier (similar to current CEN-VAT provisions). However, the law is silent as to when such credit can be reclaimed again on payment of invoice.

Time limit for availment of credit: ITC shall not be allowed after furnishing of return for September month following the end of financial year or furnishing of relevant annual return (December 31st is the due date for filing annual return), whichever is earlier.

ITC - Manner of availment and utilization thereof [Section 16 to 22 of the Model CGST/SGST Act, 2016]

Proportionate ITC to the extent used for business purposes is admissible when goods and/or services are partly used for other than business purposes.

ITC is restricted to the extent of taxable supplies includingzero-rated supplies, when goods and/or services are partly used for effecting exempt supplies including supplies under reverse charge basis.

ITC shall not be allowed if depreciation is claimed on tax component of cost of capital goods.

Registered taxable person is entitled to take credit upon receipt of last lot or installment, where goods against an invoice are received in lots or instalments.

Negative list of goods and/or services on which ITC shall not be admissible:

- Motor vehicles and other conveyances except when used for further supply of such vehicles or conveyances, transportation of passengers and goods, imparting training on driving etc.

- Goods and/or services like food and beverages, outdoor catering, health services etc., except where inward supply of particular category is used for making outward taxable supply of same category.

- Membership of a club, health and fitness centre.

- Rent-a-cab, life insurance etc., except where it is obligatory for an employer under any law in force.

It is suggested that ITC, beside on rent-a-cab, life & health insurance, should also be allowed on the services such as outdoor category etc., when it is obligatory for an employer to provide to its employees under any law for the time being in force.

- Works contract services when supplied for construction of immov-able property, other than plant and machinery, except where it is an input service for further supply of works contract service.

- Goods or services received by a taxable person for constructionof an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.

- Goods and/or services on which tax is paid under compositionscheme.

- Goods and/or services used for personal consumption.

- Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples.

- Any tax paid in terms of Sections 67 (i.e. in fraud cases), 89 (i.e. detention and release of goods and conveyances in transit) or 90 (i.e. con-fiscation of goods or conveyances and levy of penalty).

II Utilisation of ITC

Utilization of ITC

Transaction within the States (Intra- State transactions)

Inter-State transac-tions

CGST SGST IGST

Credit of CGST to be utilized sequentially-1. CGST2. IGST

Credit of SGST to be utilized sequentially-1. SGST2. IGST

Credit of IGST to be utilized sequentially1. IGST2. CGST3. SGST

Cross utilization of CGST and SGST is not permissible

Manifestly, it seems that honest attempt has been made by the Gov-ernment to eradicate the daunting provisions in the First MGL, which can be very well seen in the above discussed provisions. However, it is required that the lawmaker should address the issues raised by stakeholders which are still left for the smooth transition to GST regime.

SPECIAL FEATURE


A big boost to Real Estate Sector The Real Estate sector has been making

rapid strides in recent times and has emerged as one of the most important

contributors to the Indian economy. But we have seen a slow down in post demonetiza-tion. The sector continues its metamorphosis from being largely fragmented and unorga-nized to become as structured and organized as its peers in developed economies across the globe. The growing prominence of India in the global scenario has had a positive im-pact leading to increased expectations and responsibilities on this sector.

With the real estate sector hoping for a push from the Union Budget 2017-18, the announcement of ‘Infrastructure status’ to the affordable housing sector, can serve as a sig-nificant step in achieving the government’s ‘Housing for All by 2022’ mission. This could be a game-changing step for developers who already have a good presence in the afford-able segment. The Central government has identified 305 cities and towns under the Housing for All by 2022 Mission, also called the Pradhan Mantri Awas Yojana, has target-ed to build 2 crore homes for urban poor by the year 2022. This Mission is expected to need 38 million workforce by 2030 from 29 million at present, predicted to be the key job

creator.Key Highlights of the Budget 2017 to

boost Real Estate SectorAffordable Housing has been given the Infrastructure status One crore rural houses will be cre-ated by 2019 National Housing Bank to refinance Rs 20,000 crore loans Pradhan Mantri Awas Yojana to get Rs 23,000 crore Real estate developers to get tax relief on unsold stock as liability to pay capital gains will arise only in the year a project is completed Instead of Built up area of 30 and 60 sq meters, the carpet area of 30 and 60 sq meters will be applicable for affordable housing Holding period for capital gains tax for immovable property reduced from 3 years to 2 years Tax break of 1 year post receipt of the completion certificate, for the unsold stock No cash transaction above Rs 3 lakh will be allowed

Indra Awaas Yojana will be extended to 600 districts Indexation for capital gains shifted from 01-04-81 to 01-04-2001

There is no hesitation in concluding that it was a transformative budget for the real es-tate sector and the government has done well to create awareness for the need to increase tax compliance. The government has pro-gressively accelerated economic initiatives and policy reforms, which are slowly bearing fruits. Demonetization was a temporary set-back and the economy will bounce back. In particular, we look forward to the gains once Goods and Services Tax (GST) is rolled out towards the second quarter of this year.

India today has a huge demographic ad-vantage in terms of the young population and it is of paramount importance that appropriate steps are taken to ensure that job creation keeps pace. Housing is a labour-intensive industry, with a long backward linkages tail, generating a large multiplier of economic ac-tivity in sectors while significantly aiding in job creation. This also plays very favourably with aspirations of India’s youth, and will help in the realization of the demographic dividend of this segment. This Budget continues to be a step in the right direction.

SPECIAL FEATURE



ECONOMY WATCH

Policy Pronouncements and DevelopmentsGST final draft to retain clause on services sector

The goods and services tax (GST) council is likely to retain a clause in the law that will require service providers to register

in every state where they operate, despite re-cent representations from various ministries and telcos, banks, and insurance firms for a single registration system. At present, service providers benefit from a single centralized registration system for paying service tax—a tax levied and collected by the Union govern-ment. Under the GST regime, even states will get the powers to collect tax on services and the service providers will have to register in every state where they have operations. Ser-vice providers operating across India will have to obtain more than 30 separate registrations. Companies have highlighted the procedural hassles of such a move but states, concerned about their revenue, are not willing to agree to a centralized registration.

India to draft rules for insti-tutional investors voting on company matters

Media reports that the Financial Sta-bility and Development Council has proposed that a panel of financial

regulators be formed to decide rules on how institutional investors should vote on company matters. The proposed committee, comprising officials of the Securities and Ex-change Board of India, the Insurance Regula-tory Development Authority of India and the Pension Fund Regulatory Development Au-thority, will formulate the so-called steward-ship code, a set of guidelines first adopted by the UK’s Financial Reporting Council in 2010. In India, the “stewardship code will include activities such as monitoring and engaging with companies on matters such as strategy, performance, risk, capital structure and cor-porate governance, remuneration of directors and management. The proposals included higher disclosure standards for institutional investors such as pension funds, insurance companies and mutual funds. The option of abstaining from voting can also be used un-der certain circumstances.

Digital payment can check black money and play a key role in fighting graft: PM

Prime Minister Narendra Modi in his monthly ‘Mann ki baat’ radio program said that digital payments can check

black money and play a key role in fighting graft. He asked the youth to become an “an-ti-corruption cadre” as part of the “clean-liness” drive and become ambassadors of digital payment schemes rolled out by the govenment. “Lead this movement. Take it further as it has a very major and prominent role in the fight against corruption and black money. To me, each and every individual involved in this mission constitutes a new anti-corruption cadre in the country. In a way you are a soldier in the cause of cleanliness and purity,” the Prime Minister said. He said gradually people are “shedding their hard currency mindset” and moving towards digi-tal currency and the youth are leading the way using their mobile phones as the new tool to make and receive payments.

In the last two months, 10 lakh people have been rewarded, over 50,000 traders have won prizes and an amount of over Rs. 150 crore has been earned as prize money by people who have promoted and carried forward the digital payment campaign, Modi said. He said the digital payment schemes will complete 100 days on April 14, the 126th birth anniversary of B R Amdedkar and people should help people download the application on their mobile phone for digital transactions.

CBEC launches a mobile application for Goods and Services Tax

To boost the government’s Digital India initiative, the Central Board of Excise and Customs (CBEC) has launched a

mobile application for Goods and Services Tax. Taxpayers can readily access a host of GST information such as: Migration to GST-Approach and guidelines for migration; Draft Law-Model GST Law, IGST Law and GST Compensation Law; Draft Rules-Rules relat-ed to Registration, Returns, Payment, Refund and Invoice; Various resources on GST such

a videos, articles etc. The Mobile Application enables taxpayers to be well informed of the latest updates on GST. Taxpayers can also provide feedback and contact CBEC’s 24x7 helpdesk “CBEC Mitra” through a toll-free number or email, at the touch of a button. The mobile application can be downloaded free of cost on Android platforms.

Government simplifies maintenance of registers under various Labour Laws

The Government has simplified the main-tenance of Labour registers of about 5.85 crore establishments in agriculture

and non-agriculture sectors. These registers are related to details of employees, their sal-aries, loans/recoveries, attendance etc. This exercise will drastically reduce the number of registers being maintained by these estab-lishments from 56 to only 5 by doing away with overlapping/redundant fields. This will help these establishments to save cost and efforts and ensure better compliance of La-bour Laws. Under various Central Labour Acts, there is a requirement of maintenance of registers depending upon the threshold of the number of employees by the establishments in agriculture and non-agriculture sectors. India has about 5.85 Crore establishments in agricultural and non-agricultural sectors combined. Out of this, 4.54 Crore establish-ments are in non-agricultural sector. Such an exercise has reduced number of data fields in 5 registers to only 144 from the then existing 933 fields in 56 registers.

Agreement between India and Poland in the field of agriculture

The Cabinet has approved the signing of an Agreement between India and Poland on cooperation in the field of agriculture

and allied sectors. The agreement covers ex-change of information on the current situation in agriculture, the phytosanitary conditions of crops, threats posed by harmful organisms and the threats posed by animal infectious diseases. It also covers the participation in


fairs, exhibitions, seminars and conferences related to agriculture and agri-food process-ing; undertaking and developing joint eco-nomic initiatives including the support or agrifood trade between the two countries.

Govt allows payments towards tax, penalty, sur-charge and deposit under PMGKY 2016 in Old De-monetised Currency till December 30, 2016

The Central Government has decided that up to December 30, 2016, the payment towards tax, surcharge, penalty and de-

posit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by the RBI. The Taxation and Invest-ment Regime for PMGKY, 2016 commenced on December 17, 2016 and is open for decla-

rations upto March 31, 2017. The payment of tax, surcharge and penalty under the scheme is to be made through challan ITNS- 287 and the deposits are to be made in the PMGKY, 2016.

Air Services Agree-ment between India and Greece

The Cabinet has agreed to sign an Air Services Agreement (ASA) between In-dia and Greece to spur greater trade, in-

vestment, tourism and cultural exchange be-tween the two countries. The ASA will provide an enabling environment for enhanced and seamless connectivity while providing com-mercial opportunities to the carriers of both the sides ensuring greater safety and security. The designated airlines of either country shall have the right to establish offices in the ter-ritory of the other country for the promotion end sale of air services. Indian carriers will be

allowed to operate to Athens, Thessaloniki, HerakIion and any three points, whereas the carriers of Hellenic Republic will be allowed to fly into 6 metros- New Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai.

MoU between India and Australia for promotion of civil aviation security

The Cabinet has approved a signing of a Memorandum of Understanding (MoU) between India and Australia for

the promotion and development of coopera-tion in civil aviation security. The MoU will provide an opportunity to Indian aviation security authorities to share the expertise of their Australian counterparts and enhance the overall aviation security environment in India and provide compliance of international obli-gations as well as enhance promotion in the area of security cooperation between the two countries.


EXPRESSIONS

Thus Spoke Finance Minister Arun Jaitley… February 2017CSR

Finance Minister, Mr. Arun Jaitley while addressing HCL Grant 2017, asked cor-porates to adopt arm’s length approach

while taking up CSR activities and not pursue proposals to subserve their own ends. “I must say that in last 2-3 years it (CSR spending) has begun well. It has begun well because in the very initial years in the government we did calculate that the width of the whole CSR if adequately implemented in the very first year should be in the tune of Rs. 14,000 crore. Ob-viously, the entire amount was not invested.” Mr Jaitley rued there was lack of understand-ing and consciousness about CSR spending and the purpose it serves. “But as years are moving ahead, I think it is an idea which is working well. Of course strict discipline has to be enforced that the expenditure cannot be camouflaged as corporates start supporting their own corporate proposal on this strength and therefore there has to be some arm’s length distance when we spend,” he added.

Issue of defaulters

Finance Minister, Mr. Arun Jaitley while interacting with Reporters during his visit to the UK stated that the Indian government takes the issue of defaulters very seriously and in-dicated that he may raise the issue of default-ers based in Britain with the UK government, in an apparent reference to liquor baron Vijay Mallya. “Certainly, when the opportunity does come, I do take that opportunity to mention it (issue of defaulters based in Britain) to my counterparts here. As far as the government of India is concerned, we take this issue of defaults against the financial system in India very seriously and we have already sent a strong signal that if [you] dupe the exchequer or dupe the banking system, the government of India will lend its full support to all finan-cial institutions to recover up to their last pie. It is obvious that because of this strong po-sition the government has taken, that some defaulters are on the run.”

GDP

With protectionist trend emerging in developed economies, Mr. Arun Jaitley speaking at the annual meeting of Asso-cham, warned that economies will become more inefficient and GDP will shrink if such a move were to impact trade and movement of goods and people. “Developed countries

have turned protectionist... If it has impact on trade, movement of goods and people, (it) could make economies more inefficient and reduce GDP. Globally, the world is mov-ing in an unpredictable and slow pace and a prolonged slowdown can pose big problem. Also, oil prices have risen slightly, threaten-ing inflation and fiscal maths of importing na-tions like India.” Said Mr. Jaitley on its impli-cations in India. “Having said this, we in India in second phase of reforms, did manage to achieve many areas which were low-hanging fruits... expanding areas where FDI could be attracted – it was not a complicated reform. India today is prepared for reforms, much more than it ever was in the past. Bulk of the public opinion favors reforms.”

Undisclosed Foreign Income

Finance Minister, Mr. Arun Jaitley in-formed Rajya Sabha, that a total of Rs. 16,200 crore in undisclosed foreign income of Indians has been detected under the HSBC and International Consortium of Investigative Journalists (ICIJ) lists. “As a result of sys-tematic investigations, undisclosed income of about Rs. 8,200 crore (including protective assessment of income of Rs. 1,497 crore) has been brought to tax in the last about two years on account of deposits made in unreport-

ed foreign bank accounts in HSBC. Further, about Rs. 8,000 crore of credits in the undis-closed foreign accounts of Indians, whose names were disclosed by the ICIJ, have been detected.” Mr Jaitley, however, said there was no official estimate of the quantum of black money stashed by Indians abroad.

Decline in Debit Card Charges

Finance Minister, Mr. Arun Jaitley in-formed the Rajya Sabha that with a view to promote digital transactions, the Reserve Bank of India (RBI) is working to reduce the Marginal Discount Charges (MDR) for debit card transactions above Rs. 2,000 “RBI is deciding on this...it is work in progress. I am sure as volumes (of digital transactions) are increasing, the charges will come down.” He further informed that under the Payments and Settlements Act, the RBI has recently fixed the MDR rate at 0.25 per cent for cash transac-tions upto Rs. 1,000, while for transactions upto Rs. 2,000 it has been fixed at 0.50 per cent. These charges have been introduced for the period from January 1, 2017, and will be applicable till March 31, 2017.

Compiled by Neelu Kapoor and Nandini Acharya - Bulletin Team, PHD Chamber


PHD Chamber’s Partnership to Showcase Jharkhand

Mr. V.S. Kundu, Additional Chief Secretary, Tourism, Haryana Govt., Mr. Amar Kumar Bauri, Ministry of Revenue & Land Reforms, Tourism, Art, Culture, Sports & Youth Affairs of Jharkhand; Mr. Manohar Lal Khattar, Chief Minister of Haryana and Mr. Ram Bilas Verma, Minister of Tourism, Govt. of Haryana

Jharkhand is emerging as an investment destination due to its proactive investor friendly policies. The State of Jharkhand

was chosen to be the ‘Theme State’ at the 31st Surajkund International Crafts Mela, February 1-15, 2017 at Surajkund, Faridabad District, Haryana. PHD Chamber was assigned by the State Government of Jharkhand to act as the partnering arm for the complete management and execution of the Project Jharkhand at this prestigious Mela. We would like to highlight here that PHD Chamber was also the partner arm for the 30th international Surajkund Craft Mela for the Theme State Telangana held in 2016.

The Mela witnessed millions of visitors from all over the world. Ambassadors of var-ious countries, Ministers, Bureaucrats, State Ministers and Cabinet Ministers attended the mela this year. The Surahkund Mela was inau-gurated on February 1, 2017 by Mr. Manohar Lal Khattar, Hon’ble Chief Minister of Hary-ana while the closing ceremony on February 15, 2017 was graced by H.E. Kaptan Singh Solanki, Governor of Haryana, H.E. Droupadi Murmu, Governor of Jharkhand and Mr. Ram Bilas Sharma, Tourism Minister of Haryana.

PHD Chamber enabled Jharkhand State to successfully show case their rich heritage, historical monuments, culture, cuisines, handloom and handicrafts and world famous structures such as Baba Baidyanath Temple; Jagannath Temple, Temples of Maluti Village and Bhagwan Birsa Munda. As part of its promotion, Jharkhand Government had iden-tified around 133 handloom and handicrafts artisans for showcasing their art and culture of Jharkhand during the event. Food Festival was also a part of the event with traditional, ethnic and popular cuisines of Jharkhand State.

The theme for the State of Jharkhand was kept as “Johar Jharkhand” which means “Na-maste Jharkhand” and welcome to the State of Jharkhand. A permanent commemorative structure- the Maluti Temple Gate was con-structed at the main entrance of the Jharkhand theme pavilion. Four other gates showcasing the symbols of Jharkhand i.e. Rajarappa Gate, Chau Gate, Tribal Art Gate and Itkhori Gate were also erected. Jharkhand being rich in temples promoted spiritual, eco-tourism and heritage tourism destinations. Apna Ghar was decorated to showcase the living trends of Santhali Tribe, their arts and articrafts. Arti-san families stayed in the Apna Ghar during the event showcasing their traditions and art forms of the state.

During the 15 days long Mela, 340 cul-tural artists from Jharkhand State performed cultural programs – like Manbhoom Chau, Saraikela Chau, Nagpuri, Paika, Birhore, Chadr Badra, Kadsa, etc. A Fashion show held

Mr. Ram Bilas Verma, Minister of Tourism, Haryana; Mr. Kaptan Singh Solanki, Governor of Haryana; Ms. Draupadi Murmu, Governor of Jharkhand; Ms. Seema Trikha, Haryana Vidhan Sabha MLA; Mr. V.S. Kundu, Additional Chief Secretary to Govt., Haryana, Tourism Dept; Mr. Rahul Sharma, Secretary, Tourism, Govt. of Jharkhand; Mr. Sameer Pal Srow, MD, Haryana Tourism Dept. Corp., Dr. S.P. Sharma, Chief Economist & Director-Research and Mr. Rohit Kumar, Director, States & SDC, PHD Chamber

EXPRESSIONS


on February 11, 2017 exhibited the various textiles and weaving styles of Jharkhand. The well renowned fashion designers of India, Ms. Rina Dhaka and Ms. Varija Bajaj were the face behind the show. Models exhibited stylised costumes of various tribes wearing Chau Masks and tribal jewellery.

Many artisans were awarded for their best work in their respective fields. PHD Cham-ber released the book on Jharkhand “Rising Jharkhand -An emerging investment Hub”.

Mr. Ram Bilas Verma, Minister of Tourism, Haryana; H.E. Kaptan Singh Solanki, Governor of Haryana; and Mr. Rohit Kumar, Director, States, PHD Chamber

The Chamber was felicitated for its good work and support given during the mela by Mr. Ram Bilas Sharma, Tourism Minister, Hary-ana, and Mr. Krishna Prasad Waghmare, Di-rector Tourism, Jharkhand. Mr. Rohit Kumar, Director State received the award on behalf of PHD Chamber.

PHD Chamber appreciates the gesture of Jharkhand Government and Haryana Tourism for the support given to the Chamber for suc-cessfully managing the Mela activities.

Jharkhand Theme-based Fashion Show organized by PHD Chamber

GLIMPSES OF SURAJ KUND MELA

EXPRESSIONS


PHD Chamber Swachh Paryavaran Campaign

The Swachh Paryavaran Campaign by the PHD Chamber came to a fitting finale last month with a walk involving more

than 5000 people in the capital on the morn-ing of February 19th. Around 3700 students from various schools of the capital region conveyed their commitment towards a clean-er and healthier environment with the Swachh Paryavaran Walk that was flagged off at the Rajpath by the Chief Guest, Mr. Rajyavardhan Singh Rathore, Minister of PR. Others who at-tended this coveted march were from RWAs, NGOs, Rotary International, UNIC, UNESCO and PHD members.

Since its launch last year in November, a lot happened in the following months, with numerous pledge boards being signed and Recycling Awareness Workshop taking place in Schools and Corporate houses which car-ried on entire January till 1st week of February 2017. The highlight of the events was the In-ter School Play Competition.

The New Year brought with it even more exciting events. The Swachh Paryavaran

EXPRESSIONS

Hon’ble Minister of State of Information and Broadcasting Mr. Rajyavardhan Singh Rathore addressing the crowd

Swachh Paryavaran walk had a participation of over 3700 children from schools and colleges


campaign organized the Inter School Paint-ing Competition in Rajasthan and Gujarat. With active participation from more than 850 school children, the painting ideas of these children, to save our environment was unique. Some of the ideas carried strong messages that have never been read before. A collage of these paintings has been advised by the leadership to be placed permanently at the PHD house.

The month of February, kicked off with awareness activities in DLF Promenade Mall, Vasant Kunj, February, 6-12, a fun filled week with participation from around 200 children from Schools of Delhi NCR.

The highlight of the event was a flash mob and a street play by the children with messages to save our environment and keep-ing it clean. These activities gathered around thousands of visitors to the mall and around who took photos and selfies with Swachh Pa-ryavaran Pledges.

The Recycle Challenge booth was set-up at the Mall for people to dispense their e-waste like mobile phones, keyboards, com-puter monitors, chargers, etc. This helped in spreading the importance of segregation and recycling.

Amongst the noted were Director of UNIC Mr. Derk Segaar, Mr. Gopal Jiwarajika, Presi-dent, PHD Chamber; Mr. Anil Khaitan, Sr. VP PHD Chamber; Mr. Rajeev Talwar, VP, PHD Chamber, and Dr. N Subramanian, District 3011 Governor, Rotary International.

Chief Guest, Mr. Rajyavardhan Singh Ra-thore in his speech, energised each and every one present on the ground.

The walk commenced with a group of student skaters, followed by a marching band followed by school students shouting slogans of cleaning the environment, im-portance of saving water, banning the use of polythene and why not to dump them in the water bodies.

The tableaus made their grand entrance with one tableau depicting a green, clean and beautiful environment and the other tableau with the importance of water and showcasing the current unhealthy and dirty condition of the drinking water available today along with two dancers spreading the message with their incredible performance. The tableaus were beautifully designed by the school children themselves.

This contingent was followed by numer-ous school children carrying hoardings and shouting slogans for saving mother nature, environment and water and recycling waste and not to pollute water bodies etc.

There were dance performances, march-ing bands and children in costumes and face paints to depict the messages. Students from Shri Venkateshwara College, Satyawati Col-lege and Pearl Academy also participated in the Walk.

Mr. Anil Khaitan, Senior Vice President, PHD Chamber (left) with Mr. Rajyavardhan Singh Rathore, Minister of PR

Mr. G.S. Singhori, Chairman Organising Committee, SPC, addressing issues of Pollution in the City.

Mr. Gopal Jiwarajka, President, PHD Chamber, addressing the crowd

The tableaus designed by one of the particiaption school was a major highlight at the walk

A human tree dance performance


EXPRESSIONS


Workshop on ‘Maximizing Employee Productivity through Effective Performance Management’

employee development with the company objective so that an employee can perform as per expectations. He said that performance objectives and indicators need to be SMART - specific, measurable, attainable, realistic and time-bound. Mr. Saurabh Kumar Srivas-tava, General Manager – People Develop-ment Group at IDS Infotech Ltd. Chandigarh stated that to act upon the outcomes of the performance management, it is necessary to ensure that good performance is recognized. He apprised participants on performance

rating scales and effective goal setting with employees.

Detailed presentations covering topics on Performance Management Objectives, Draft-ing and Implementing Performance Manage-ment System; Setting Performance Criteria/ Targets; Performance Monitoring and Review; Performance Feedback and Follow up Action including Reward / Recognition were made during the workshop. Ms. Rimneet Kaur, Res-ident Manager, PHD Chamber delivered the formal vote-of-thanks to the guests.

Participants with Mr. R.C .Pahooja, Additional Resident Director, PHD Chamber; Dr. Sunil Abrol, faculty and Ms. Rimneet Kaur, Resident Manager, PHD Chamber

Workshop on ‘Importance of Intellectual Property Rights for MSMEs’

PHD Chamber and Konrad-Adenau-er-Stiftung (KAS), Germany, in associ-ation with the Ministry of MSMEs orga-

nized a seminar on ‘Importance of Intellectual Property Rights for MSMEs’ on January 24, 2017 at Hotel Madhuban, Dehradun. The ob-jective was to raise the level of awareness and knowledge about IPR Issues among MSMEs for Dehradun Industry Cluster.

Mr. S. P. Kochhar, Chairman, Uttarakhand State Chapter of PHD Chamber welcomed Chief Guest, Ms. Manisha Panwar, Principal Secretary for MSMEs, Govt of Uttarakhand and other dignitaries including Dr. Rajendra Dhobal, Director General, UCOST; Dr. P. K. Ghosh, Chairperson for IPR at IIT Roorkee; Mr. Mohit Jain, Chairman, MSMEs Expert Committee of PHD Chamber and Mr. Ver-endra Kalra, Co-Chairman, PHD Chamber, Uttarakhand.

Mr. Mohit Jain, Chairman, MSME Expert Committee, PHD Chamber stated that the Chamber’s Intellectual Property Rights Cen-tre has been engaged in facilitating IPR pro-tection and raising awareness about IP and related laws among MSMEs.

Ms. Manisha Panwar, Principal Secretary for MSMEs, Govt. of Uttarakhand mentioned that IPR spurs innovation and thus the gov-

ernment both at the Centre and State-level are constantly engaged in bringing out needed changes in regulations and policy interven-tions to create an enabling environment.

Dr. Rajendra Dhobal, Director General, UCOST, Member of the National Task Force on IPR designated by the Ministry of Science and Technology shared eye opening stories which included his efforts in getting GI rights for Chanderi Sarees.

Dr. P. K. Ghosh, Deputy Director, IIT Ro-orkee, in his presentation on technology transfer stated that if the MSME has to sustain

Mr. Anil Taneja, Regional Director, PHDCCI; Mr. S.P.Kochhar, Chairman, Uttarakhand; Ms.. Manisha Panwar, (IAS), Principal Secretary, MSME, Govt. Of Uttarakhand; Mr. Mohit Jain, Chairman, MSME, PHDCCI; Mr. Verendra Kalra, Co Chairman, Uttarakhand PHDCCI and Dr. Rajendra Dobhal, (FNA), Director General, UCOST

and survive, the IPR component in respect of adopting innovation culture was very vital; otherwise competitive global markets would suffocate Indian MSMEs.

Mr. Sandeep Agarwal, an IPR expert em-panelled with IPR Facilitation Cell of PHD Chamber informed about the procedures and importance of securing intellectual property of an enterprise and its implications in the global markets.

Prof. T Ahmed, Director, UPES College of Legal Studies said there was huge potential for IPR professionals as the industry was now recognising the need.

The program was very well accepted and several questions were put to the speakers by the participants which made the session ex-tremely interactive.

HEADWAY / Skill Development Initiatives

PHD Chamber in association with Kon-rad-Adenauer-Stiftung of Germany organized a workshop on ‘Maximizing

Employee Productivity through Effective Per-formance Management’ on January 24, 2017 at PHD House, Chandigarh.

The workshop aimed to equip managers with the skills and knowledge to design, eval-uate and effectively implement a performance management system with latest techniques to enhance employee productivity and achieve organizational goals.

Mr. R.C. Pahooja, Additional Resident Director, PHD Chamber stated that the fun-damental goal of performance management is to promote and improve employee effec-tiveness.

Dr. Sunil Abrol, President, Institute for Consultancy and Productivity Research & Director, World Academy of Productivity Sciences (WAPS), New Delhi mentioned that Performance Management is matching


Workshop on ‘Startup India Master Class’PHD Chamber and Konrad-Adenau-

er-Foundation (KAF), under its PHD-KAF Cooperation Project organized the

‘Start up India Master-Class’ on January 31, 2017 at PHD House, Lucknow. Mr. R. K. Sha-ran, Director, PHD Chamber welcomed the participants at the workshop.

Ms. Sutapa Sanyal, Director General, Mahila Samman Prakoshth, Uttar Pradesh highlighted various aspects of entrepreneur-ship necessary for successful start-ups. She narrated her own experience of converting the small initiative of Mahila Samman Prakoshth at par with a successful start-up with ISO cer-tification with due recognition from Interpol, UNICEF and various other agencies.

Mr. V. K. Mishra, an Angel Investor and Director of Lakshmi Energy and Foods Ltd., provided inputs on how to convert ideas into innovations and innovations into Start-ups. He also guided on funding of Start-ups in an innovative way and emphasized on Business Models that attracted angel funding.

Mr. A. S. Rathore, Director, Institute of Entrepreneurship Development, UP, highlight-ed that down-to-earth ideas in rural settings of the country have also been converted into innovations that have led to successful start-ups.

Dr. Jatinder Singh, Senior Secretary, PHD Chamber made a presentation on the concepts on Start-Up India Program and the support available from the Chamber to entre-preneurs on their start-ups.

In the Technical Session-I entitled, “Thought Leadership for Start-up India Mis-

sion”, Mr. Praveen Singh, Chief Creative Of-ficer of Manas Marketing Services, Mumbai highlighted that small social issues taken up in an entrepreneurial mode could also lead to successful start-ups.

Ms. Aparna Mishra, Founder and CEO of Club Cafebiz pointed out that success in any start-up would not be offered on a platter and would have many ups and downs but a successful start-up entrepreneur will survive these undulations by one’s confidence and commitment.

In the Technical Session-II entitled “Hit-ting the Bull’s Eye – How to Prepare and Pitch before Investors”, Mr. Ashutosh Kumar, Men-tor and Founder of Started Fellowship high-lighted various aspects that the prospective Start-up should consider while negotiating with the investors. He emphasized that the Business Model for presentation before the investors must reflect the ideology of the investor as well as attract funding from them with ease. He said that there was hardly any “Fundable Start-Up” that has not been fund-ed; the word “Fundable” must be perceived differently by different investors. He guided that the vision behind the Start-Up must be saleable to the investor or the funding agency.

Mr. Shivam Tandon, Founder & CEO at Frinter emphasized upon various aspects of a Business Plan of the Start-up for being presented before the funding agency for its consideration. He suggested that the entre-preneur must have confidence on his idea and the innovation and must have patience as start-ups have gestation time.

Mr. Arup Kumar, General Manager, SIDBI, Lucknow guided the prospective Start-Ups on various aspects that the banks consider as important while processing loan funding. He also guided on the schemes and programs of SIDBI on Start-ups Enterprises that the entre-preneurs could take advantage of.

Ms. Ritu Dubey, In-Charge of Incuba-tion in Information Technology Department of Govt. of Uttar Pradesh guided on various support systems and incentives of the State Government relating to Start-ups in the IT Sector as per the State Policy announced in 2016. She suggested entrepreneurs to take advantage of these incentives.

Mr. K. K. Gupta, Consultant, PHD Cham-ber delivered the formal vote-of-thanks to the guests.

Participants with Mr. R. K. Sharan, Regional Director, PHD Chamber; Dr Jatinder Singh, Senior Secretary, PHD Chamber and faculty members

Success in any start-up would not be offered on a platter and would have many ups and downs but a successful start-up entrepreneur will survive these undulations by one’s confidence and commitment.



International Conference on ‘Leveraging Big Data Analytics for Global Business Excellence’

PHD Chamber under its PHD-KAS Co-operation Project, in association with Jagannath International Management

School (JIMS), Kalkaji, New Delhi organized an International Conference on ‘Leveraging Big Data Analytics for Global Business Ex-cellence’ on February 4, 2017 at PHD House, New Delhi.

The objective was to understand the role of big data and how it helps an organization to improve its business processes and achieve excellence; to develop knowledge of orga-nizational excellence frameworks for setting up a measurement and analysis system that drives learning, improvement and knowledge and to discover ways on how to combat major changes an organization faces in using big data for competitive advantage.

The Chief Guest was Mr. Gopal Jiwara-jka, President, PHD Chamber and Chairman & Managing Director, Salora International Ltd. Eminent speakers were Dr. Amit Gupta, Chair-man, JIMS; Dr. (Cdr.) Satish Seth, Director General, JIMS Kalkaji and Mr. C.M. Krishna, Hony. Advisor, PHD Chamber.

The conference was designed to cover four technical sessions. The first session was a panel discussion, which focused on the

theme “Deploying and Harnessing Big Data and Analytics for Business Excellence”. Mr. Vijay Rai, MD (Asia Pacific & EMEA Mkts) Saviour, US INC and President NHRDN, Delhi Chapter was the session chairperson. Pan-el members included experts from industry such as Mr. Shakun Khanna, Senior Direc-tor, Strategy and Transformation APAC HCM, Oracle India; Mr. Avadesh Dixit, Head Global HR, Moody’s Copal Amba and Mr. Narendra Dahiya, Head Sales, Microsoft.

The second technical session was on “Driving Business Excellence in Healthcare, Retail, People and IT Analytics”. The ses-sion chairman was Mr. Pankaj Dubey, M.D & Country Head, Polaris India Pvt. Ltd. The pan-el members were Dr. Dinesh Jain, VP-Clinical

Directorate, Max Healthcare Institute Ltd.; Mr. Rajeev Gupta, Business Head-PCS, Re-liance Retail Ltd.; Mr. Apurva Chamaria, VP & Head-Corporate Marketing, HCL Technolo-gies Ltd.; Mr. Anuj Agarwal, Chairman, Centre for Research on Cyber Crime & Cyber Law and Ms. Ruchi Sharma Kapoor, Head-HR, Resemed India.

The third technical session was on ‘Le-veraging Big Data for Building Prowess in Leadership, Performance and Talent Manage-ment”. The chairperson of the panel was Dr. (Cdr.) Satish Seth, Director General, JIMS, Kalkaji. The panel members were Mr. Ignace Hindrick, Senior Consultant, India Consult; Mr. Jaap Verdonck, Professor, NNBS, Holland and Ron Mcluckie, Chairman & CEO, WIAL India Pvt. Ltd.

The last technical session was on “Re-search Paper Presentation” competition, where renowned academicians shared their research findings with the delegates. The session was chaired by Dr. Preeti Singh, Pro-fessor, JIMS. The panels of judges were Dr. (Cdr.) Satish Seth, Director General, JIMS Kalkaji; Dr. Preeti Singh, Professor, JIMS; Dr. Timira Shukla, HOD, PGDM (IB), JIMS, Kalka-ji, New Delhi and Mr. C. M. Krishna, Hony. Advisor, PHD Chamber.

Mr. Gopal Jiwarajka, President, PHD Chamber; Dr. (Cdr) Satish Seth, Director General, JIMS; Dr. Amit Gupta, Chairman, JIMS and Mr. C.M. Krishna, Honorary Advisor, PHD Chamber

The conference was designed to cover four technical sessions. The first session was a panel discussion, which focused on the theme “Deploying and Harnessing Big Data and Analytics for Business Excellence”.


Seminar on ‘GST & Its Implications’PHD Chamber’s J&K, Jammu Committee

in collaboration with Konrad-Adenau-er-Stiftung (KAS) and with the support

of Department of Commercial Tax, J&K Gov-ernment organized a seminar on ‘GST & Its Implications in J&K’ at Jammu.

At the onset, a publication of PHD Re-search Bureau & KAS on Goods & Services Tax (GST), impact on economy, industry and people was released by Mr. Parvaiz Iqbal Khateeb, Commissioner Commercial Taxes, Govt. of J&K; Ms. Anoo Malhotra, Addition-al Commissioner, Department of Excise and Taxation; Dr. S. P. Sharma, Chief Economist & Director Research, PHD Chamber, New Delhi; Mr. Vikrant Kuthiala, Chairman, Jammu Com-mittee and Mr. Kuldeep Gupta, Co-Chairman, Jammu Committee, PHD Chamber.

Mr. Vikrant Kuthiala, Chairman, Jammu Committee, PHD Chamber stated that imple-mentation of GST is inevitable and will lead to a major tax reform in the country.

It is expected to broaden the tax base, reduce distortions in the economy, ensure greater regional equity and create a seamless national market. However, he stressed upon keeping a lower Revenue Neutral Rate, a re-alistic Threshold Limit, creation of Robust IT Network, and extensive and exhaustive train-ing to Tax Administration staff. He also stated

that the proposed Service Tax rate is very high and needs to be reduced to a more realistic level. Chief Guest, Mr. Parvaiz Iqbal Khateeb, Commissioner Commercial Taxes stressed upon greater interaction between the Depart-ment, trade and industry.

Dr. S. P. Sharma, Chief Economist & Director, Research Bureau, PHD Chamber delivered a detailed presentation on GST, its impact on economy, trade and people. He further elaborated the benefits of GST, the process and procedure of implementation

of GST and stressed on creation of strong IT backbone for success of GST and explained the rationale behind GST, its impact on the economy and the likely reduction in prices.

Mr. Kuldeep Gupta, Co-chairman, PHD Chamber State Chapter Jammu presented a formal vote-of-thanks while Mr. Iqbal Fayaz Jan Resident Officer J&K moderated the seminar. The function was also graced by Dr. Dipanker Sengupta, Economist of J&K and Prof Sameer Gupta from the Business School, University of Jammu.


GST final draft to retain clause on services sectorThe goods and services tax (GST) council is likely to retain a clause in the law that will require service providers to register in every state where they operate, despite recent representations from various ministries and telcos, banks, and insurance firms for a single registration system. At present, service providers benefit from a single centralized registration system for paying service tax—a tax levied and collected by the Union government. Under the GST regime, even states will get the powers to collect tax on services and the service pro-viders will have to register in every state where they have operations. Service providers operating across India will have to obtain more than 30 separate registrations. Companies have highlighted the procedural hassles of such a move but states, concerned about their revenue, are not willing to agree to a centralized registration.


Mr. Sanjay Bhatia, Managing Director and Ms. Mani Bhatia, Hindustan Tin Works Ltd. visited the HTWL- Skill Development Training Centre at Mangwaki, Pataudi, Haryana on February 25, 2017.They interacted with the beneficiaries of the courses. Trainees performed a cultural program to welcome the guests. About 180 beneficiaries attended the occasion. Presently, 72 trainees are availing training in tailoring, computer education and beauty culture.

PHD FAMILY WELFARE FOUNDATION (PHDFWF)Socio – Economic Points

PHDFWF Health TalksPHD Family Welfare Foundation organized Health Awareness Talks on ‘Status of Vitamin D Deficiency in India & ways to deal with it’ by Maj. Gen (Dr.) Raman Kumar Marwaha, Specialist in Endocrinology and Thyroid along with Dr. Deepali Bhardwaj, a qualified skin care expert on ‘Anti ageing & general Skin care’ on February 9, 2017 at the PHD House, New Delhi. About, 130 participants benefited from their knowledgeable views.

PHDFWF participated in the grand Swachh Pariyavaran Walk organized by PHD Chamber on February 19, 2017 at Rajpath, New Delhi. About, 200 trainees along with the project staff from the PHDFWF projects like DESACS-Target Intervention, FENA-Skill Development Centre, Okhla, SMPF-Skill Development Centre and Skill development centre, Rohini participated in the walk.

PHDFWF Swachh Pariyavaran Walk

BSES Certificate of AppreciationPHDFWF received the certificate of appreciation for social initiative from BSES Rajdhani Power Ltd. Indian Red Cross society; Virmani Trust Foundation and Sir Ganga Ram Hospital were among others to receive the honour.

PHDFWF-BSES cancer detection camp at Hiran Kudna, Mund-ka, Delhi.PHDFWF organized one free cancer detection camp in association with BSES Rajdhani Power Ltd. at Hiran Kudna, Mundka on February 14, 2017. Senior officials from BSES were present at the camp. An Oncolo-gist, Gynecologist, an ENT specialist and a general physician examined the patients and spot investigations like blood test, B P check up, ENT check up, X-Ray, Mammography etc. were conducted. Around 208 pa-tients benefited from the camp.

HEADWAY / Towards Inclusive Growth

Special Olympics World Winter Games

Mr. Gopal Jiwarajka, President, PHD Chamber presented a cheque of Rs. 15.5 lakhs to Ms. Mallika Nadda, Vice Chairperson, Special Olympics Bharat on February 21, 2017 in New Delhi Ew towards Special Olympics World Winter Games 2017 sched-

uled for March 2017 in Austria. Mr. Anil Khaitan, Senior Vice President, PHD Chamber, Mr. Sudhansh Pant, IAS, Joint Secretary, Ministry of Chemicals & Fertilizers, Ms. Neelam Pratap Rudy, Chairperson, Sports Committee, PHD Chamber, Mr. Nishant Berlia, Apeejay Stya & Svrn Group, Ms. Kanika Sriram, DCM Shriram Industries Ltd., Air Marshal D Keelor (Retd.) CEO, SOB were also present. The funds were contributed by Martin and Harris Pvt. Ltd., DCM Shriram Industries Ltd., Jai Bharat Maruti Group, Alliance Advertising & Marketing Pvt. Ltd. and Synergy Environics Ltd.


A Certificate Distribution Programme was or-ganized on February 17, 2017 at the FENA Skill Development Training Centre for the trainees who have successfully completed their courses. Dr. N. S. Rana, Sr. Manager (HR), Fena (P) Ltd. distributed the certificates to 85 trainees in tailoring and beauty culture. Presently, 144 girls and women are undergo-ing training at the Centre.

Self Defence training at the SMPF Skill Development Train-ing CentreA 15 days Self Defence Training was orga-nized for 48 local girls & women by special trainer from Delhi Police Women Cell at the centre. Around 308 trainees are availing training in beauty culture, tailoring, nursing assistance and English speaking courses.

PHDFWF-DSACS Target Inter-

During this period, 122 ICTC, two advocacy, four review, three demand generation and two DIC meetings were organized. Around 326 patients benefited from the clinic services. A total number of 42 hotspot meetings were also organized at different target locations un-der this project..

PHDFWF-Skill Development Centre at Badli, RohiniPresently, 55 trainees are availing training in tailoring & embroidery, beauty culture & me-hendi at the Centre. One general awareness programme on health & hygiene was orga-nized during this period.

Certificate distribution pro-gramme at Fena-PHDFWF Skill Development Training Centre

PHDFWF-Blankets distribution in Kupwara District J&KPHDFWF distributed 100 blankets to the poor families of Kupwara District of Kashmir in as-sociation with local NGO Chinar International. PHDFWF had received request for donation of blankets in view of the state reeling under extremely harsh winter in Jammu and Kashmir.

Training CentreA new skill development training centre has been established jointly with NGO Ashima Foundation at Rohini Sector-3.This is the second vocational training centre supported by TPDDL. Presently, 85 trainees are availing training in com-puter education, beauty culture & tutorial classes at the centre.

During this month, 10 free health check up camps were organized in different rural areas of Haryana, Rajasthan, Uttar Pradesh and slums of Delhi. Free diagnostic care, clinical services and medicines were provided to the patients. Around, 1265 patients benefited from these camps.

At the community development centre, Khuntulipali village, Odisha, presently, 36 trainees are availing training. One general awareness program was organized for the local community during this period.

PHDFWF-ITE India Skill Development Training Centre at NoidaTraining in tailoring & beauty culture is being provided to the local girls & women at the PHD-FWF-India Skill Development Training Centre at Noida. Presently, 54 local girls & women are availing training at the centre.



PHDRDF has been actively conducting free health camps for the low income population in various geographical locations across the country to increase access to healthcare. A team of a qualified Doctor, ANM, Lab Technician and project coordinator are present at each camp. Awareness generation sessions are also carried out by the doctor to educate the people on health and hygiene related issues.

A. BHEL Mobile Health Camps & Awareness CampaignsPHDRDF in partnership with Bharat Heavy Electricals Limited (BHEL) is conducting generic mobile health camps at two of their plant loca-

tions – Haridwar (Uttarakhand) and Bhopal (Madhya Pradesh). The project envisages providing free consultancy and medicines to the community at their doorstep and generating awareness on key health issues like child & maternal health, hygiene & sanitation, drug addiction, adolescence, healthcare to name a few.

i. BHEL HARIDWAR A total of 21 Health camps were conducted this month reaching out to 1605 patients. The beneficiaries of this project are not able to access

health services easily due to the hilly terrain and therefore they look forward to the medical van services which are provided to them free-of- cost.

Doctor diagnosing the patients Free distribution of medicines at the Health Camp

Doctor diagnosing the patients at the Health Camp in Bhopal

ii. BHEL BHOPALPHDRDF organized two Health Camps

in Bhopal, Madhya Pradesh for people who are unable to afford healthcare services. The patients included women, men and children of all age groups, who wanted to consult the doctor for various ailments. About 240 pa-tients were reached out to in these camps and given free medicines and consultation.

Doctor diagnosing the patients at the Health Camp in Bhopal


iii. KADIMI TOOL MFG. CO. (P) LTD. PHDRDF organized two Health Camps in Dundahera and

Kapaseda villages of Gurugram, Haryana for people who are unable to afford healthcare services. The patients included women, men and children of all age groups, who wanted to consult the doctor for various ailments. Around 209 patients were reached out to in these camps and given free medicines and consultation.

Free distribution of medicines at the Health Camp Doctor diagnosing the patients

PHDRDF WATER MANAGEMENTA. Coca Cola India FoundationAs part of a MoU signed between PHDRDF and Coca Cola Foundation

for constructing six Water Harvesting Structures across three districts in Rajasthan, construction of six structures have been completed – Bees Wala, Pehli Kirayi Wala, Ganga Ghat Wala, Bhatiya Wala Check Dam, Gindauda Wala Check Dam and Gau Ghat. A total of 18,805 people across 11 villages will benefit from this project through recharge of ground water and conservation of surface water.

Completed water harvesting structure of Gau Ghat

B. Hindustan Tin Works Ltd. Hindustan Tin Works Ltd. has partnered with PHDRDF to im-

plement a project for providing sustainable drinking water solu-tion to 2600 people in Pahari Village of Pataudi Block in Guru-gram, Haryana. Provision of providing a 15,000 litres water tank has been installed in the community with multiple taps. Earlier, they had to travel two kilometres from the village but now the water is available for them within 200 metres. The water quality has been tested to ensure that the water is portable.

Completed water harvesting structure of Gindauda Wala Check Dam

Water tank with the capacity of 5000lt



Ground Breaking Ceremony along with the villagers

C. S. S. Kothari and Co. S. S. Kothari and Co. has partnered

with PHDRDF for constructing a water har-vesting structure named Swami ki Dhani-wala check dam in Behroj Pahari Village of Mundawar tehsil in Alwar district of Ra-jasthan. A total of 2,350 people from 300 households and around 1800 milch ani-mals will benefit from this project through recharge of ground water and conserva-tion of surface water. The water harvesting structure is under progress.

D. The Rotary FoundationPHDRDF has extended its outreach towards constructing of

water harvesting structures in Punjab. PHDRDF have received confirmation by The Rotary Foundation through Global Grant led by Mr. Sanjeev Sharan for constructing two water harvesting structures near Anandpur Sahib, Punjab. This is the first water Harvesting project initiated in the state of Punjab. The construc-tion work of the project was initiated in mid-January.

Water Harvesting Structure under construction

Ground Breaking Ceremony along with the villagers

Water Harvesting Structure under construction


PHDRDF has been undertaking skill development pro-grams with various corporate organisations with an aim to enable the under-privileged youth to be economically indepen-dent. These programs include training in stitching & tailoring, beauty culture, computer literacy including tally software, spo-ken English language, soft skills, etc.

1. Kadimi Tool Mfg. Co. (P) Ltd. Skill Development Centre

Kadimi Tools Mfg. Co. (P) Ltd. has sponsored the Skill Development Project at Dundahera, Gurugram. Presently, 20 candidates got enrolled and are undergoing training in the Beauty Culture Course. A total of 20 candidates successfully completed the Basic Computer Course and Spoken English training. So far 30 young boys and girls have been trained in Basic Computer and 60 girls have gained experience in Beauty Culture.

Training on Basic Computer Course

Training on Beauty Culture at the Centre

Audio-video Session being conducted by ANM

2. Donaldson India Filter Systems Private LimitedThe skill development project is currently being implemented by PHDRDF with the support of Donaldson India Filter Systems Pvt.

Ltd, in Mohammadpur Gujar village, Sohna Shani, Gurgaon, Haryana. In the current batches, 20 candidates are taking training in cutting and tailoring and 24 candidates undergoing beauty culture course.

An audio – visual session on health and sanitation was conducted at the centre. The session was conducted by ANM and around 30 girls participated in the session.

Meeting with the CSR Committee members of Donaldson

PHDRDF EDUCATION1. Peter Und Luise Hager Stiftung (Hager Foundation)Under the ongoing project ‘Quality Education and Wash in

Schools’, sponsored by Hager Foundation in the two schools in Sikar, Rajasthan, a Drawing competition was organized in both the adopted schools on the occasion of Republic Day of India, January 26. Each class was divided into four groups – Jal, Dharti, Akash and Vayu with inter-house competition. The winners were identified from each class and appreciation gifts were given to the winners. Activities on mass hand washing are conducted regular-ly every week in both the schools to inculcate the habit of hand washing among the children.

Painting competition in Bhojmaid schoolStudents showing paintings in Toda school



Bureaucratic MovementsName Departments

Ms. Ruchi Ghanashyam New Secretary (West), Ministry of External Affairs. She is an IFS officer of 1982 batch.

Mr. N. K. Sinha Secretary, Ministry of Culture has been given an additional charge of the post of Secre-tary, Ministry of Tourism. He is an IAS officer of 1980 batch of Bihar cadre.

Ms. G. Latha Krishna Rao Secretary, Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment has been given an additional charge of the post of Secretary, Ministry of Tribal Affairs. He is an IAS officer of 1982 batch of Karnataka cadre.

ORDINARY CATEGORYMr Gaurav GulatiPartnerAccuracy India Pvt. Ltd.

Mr Pushpendra Kumar GuptaDirector, Ayesa India Pvt. Ltd.

DirectorD B Corp. Ltd.

Ms Chanchal KaushikDirectorFrames Twenty Four Communications Pvt. Ltd.

Ms Reshma MishraPartnerFlorencia Healthcare

Mr Ashok SinghDirectorLoyal Tours & Travels Pvt. Ltd.

Mr Ramesh Kumar JainChairman & Managing DirectorPasupati Spinning &Weaving Mills Ltd.

DirectorVishad Edutech Pvt. Ltd.

PROFESSIONAL CATEGORYMr Sharad TyagiPartnerFair & Just Legal Solutions LLP

Mr Pushpendra SuranaPartnerS K Surana & Co

ASSOCIATION CATEGORYMr G L AgarwalPresidentSocial Action Foundation

Mr J S MadanChairmanShawl Club (India) Amritsar

New Members


MEDIA BUZZ

The Pioneer, Lucknow, 01 February, 2017

The Hindu, New Delhi, 02 February, 2017

The Central Chronicle, Raipur, 02 February, 2017

The Business Standard, New Delhi, 08 February, 2017



The Hindu, New Delhi, 10 February, 2017 The Asian Age, New Delhi, 23 February, 2017

The Tribune, New Delhi, 20 February, 2017The Pioneer, New Delhi, 22 February, 2017



SCHEDULE OF EVENTS

Schedule of Events / Meetings of PHDCCI From March to April 2017

S.No.

Programme Title Date Time

1 Exhibition cum Buyer-Seller Meet on Technical Textiles 9 – 10 March 2017 10.30 am PHD House,New Delhi

2 Conference on “Emerging Technologies in Construction Sector” 10 March 2017 9.30 am PHD House, New Delhi

3 PHD-KAS Workshop on Start Up India 10 March 2017 10.00 am Jammu

4 Meeting of Managing Committee 15 March 2017 4.00 am PHD House,New Delhi

5 6th India Heritage Tourism Conclave 16-17 March 2017 10.00 am Khajuraho

6 India Hospital Summit – Supply Chain Management & Bio Medical Waste Management

16-17 March 2017 9.00 am PHD House, New Delhi

7 Seminar & Exhibition on Military Logistics & Transportation 2017Chief Guest: Dr. Subhash Bhamre, Raksha Rajya Mantri, GoI

21 March 2017 8.30 am Manekshaw Centre, New Delhi

8 Logistics & Supply ChainSummit – 2017 21 March 2017 9.30 am PHD House,New Delhi

9 PHD-KAS Workshop on Start Up India Master Class 21 March 2017 10.00 am Kurushetra University, Kurukshetra

10 Seminar on “Business Responsibility Reporting – A Journey Towards Effective Governance”

22 March 2017 2.00 pm PHD House,New Delhi

11 Astitva Samman 2017 - A Recognition to Promote Women Empowerment 24 March 2017 3.00 pm PHD House,New Delhi

12 HITEX Haryana International Trade Expo Manohar Lal Khattar, CM

24 – 28 March 2017 10.00 am Faridabad

13 PHD-KAS Seminar on Ïmportance of Intellectual Property Rights for MSMEs 29 March 2017 11.00 am Conference Hall,Directorate ofIndustries, Udyog Bhawan, Bemloe, Shimla

14 Seminar on ‘Pradhan Mantri-Jan Aushadhi Scheme’ 31 March 2017 10.30 am Hyderabad

15 Ambassadors’ Meet 31 March 2017 31 March 2017

PHD House,New Delhi

16 South Asia Trade Fair & Consumer Expo - 2017 6 – 9 April 2017 10.00 am Himachal Bhawan,Chandigarh

17 4th PHD Global Rail Convention 2017 – “Ïndian Railways – Gati Se Pragati in the Climate of Change”Chief Guest: Dr Suresh Prabhakar Prabhu, Hon’ble Minister of Railways

7 April 2017 1.30 pm PHD House,New Delhi

18 South Asia Trade Fair & Consumer Expo - 2017 7 - 10 April 2017 10.00 am Himachal Bhawan,Chandigarh

19 Skilling India for Global CompetitivenessChief Guest:Mr. Hamid M. Ansari, Hon’ble Vice President of India

19 April 2017 10.00 am Constitution Club,New Delhi

20 25th China Shenzhen International Gifts, Handicrafts, Watches and Houseware Show 2017

25 – 28 April 2017 10.00 am – 6.00 pm

Shenzhen, China

21 “PHDFWF Sargam 2017”- A Programme “By the Members for the Members” 28 April 2017 6.00 pm PHD House,New Delhi

22 14th Thailfex 2017 – World of Food Asia 31 May –4 June 2017

10.00 am – 6.00 pm

Bangkok, Thailand

23 15th Global Indian Festival 31 May –4 June 2017

10.00 am – 6.00 pm

Kuala Lumpur,Malaysia


ARCHIVES

Women EmpowermentThe Chamber, in collaboration with Pop-

ulation Foundation of India, organized three State-level Advocacy Workshops

on Female Infanticides in Delhi, Chandigarh and Parwanoo in 2004.

The Chamber undertook a number of programmes for empowering women and de-veloping entrepreneurship skills among them. One of the major projects was the project for training mahila panchs on their rights and re-sponsibilities as elected members of Pancha-yati Raj institution. Financial assistance was provided by the European Union to encourage involvement and meaningful participation of women in the planning and decision making process at the grassroot level as part of dem-ocratic decentralization.

India Heritage Tourism Conclave 2011

PHD Chamber organized its first ‘India heritage Tourism Conclave 2011’ on November 23, 2011 at New Delhi.

The conference began with the inaugural of the exhi-bition by Mr. Subodh Kant Sahai, Hon’ble Minister for Tourism, Govt of India. Chief Guest, Mr. Subodh Kant Sahai,

Hon’ble Minister for Tourism said that the tourism sector has the potential to generate huge employment opportunity for the masses. He indicated that about 25 million jobs are expect-ed to be generated from the Tourism sector during the Twelfth

Mrs Najma Heptullah, Deputy Chairman, Rajya Sabha and Ms Mallika Sarabhai at the Conference on Role & Challenges for Women in Indpendent India

Five Year Plan. The industry needs to sensitize the states about the potential of the Tourism sector and approach the states with investment proposals to give shape to the government’s vision.

Mr. Salil Bhandari, President, PHD Chamber stated that the tourism sector could provide a great fillip for maintaining the 8-10 percent growth of the economy.

Mr. Navneet Dhawan, Co-Chairman, Tourism Committee, PHD Chamber stressed on the importance of public private par-ticipation in preserving India’s heritage structures.


Total No. of Pages - 76RNI No. 34665/79

Registration Number DL-SW-1/4095/2015-2017Date of Publication - Published on 6th of every monthDate of Posting - 7th / 8th of same month

Printed by Mr. Saurabh Sanyal, Secretary General, PHD Chamber of Commerce and Industry, Published by Mr. Saurabh Sanyal on behalf of PHD Chamber of Commerce and Industry, Printed at Modern Systems Corporation, B-3/1, Okhla Industrial Area, Phase-II, New Delhi-110020

published at PHD Chamber of Commerce and Industry, PHD House, 4/2 Sri Institutional Area,August Kranti Marg, New Delhi - 110016, Editor - Mr. Saurabh Sanyal

For further Details Contact :-Mr. Ajay Bansal, E-MAIL: [email protected]

Defining Goods & Service Tax - PHD Chamber

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