Bhopal, 7 October, 2017 : Mr. Anil Khaitan, Senior Vice President of PHD Chamber Of Commerce & Industry will be in Bhopal on 10th of October. He will address Members Meet in the evening at Hotel Courtyard by Marriott. There will be a special interactive session on âGST Compliance-Preparedness & Challenges for Industryâ. Technical education and skill development minister Deepak Joshi will be the chief guest while principal secretary, industry, Mr. V.L. Kantha Rao will be special guest. Earlier in the day Mr Khaitan will meet officials at Industries Department and select industrialists to discuss industry scenario in Madhya Pradesh.
Mr. R.Â G. Dwivedi, Regional Director, PHD Chamber Of Commerce And Industry informed this in a press release issued this evening. He said The Goods and Services Tax (GST)Â is a ground-breaking reform for the Indian economy’s indirect tax regime.Â Through a tax credit mechanism, this tax is collected on value-added goods and services at each stage of sale or purchase in the supply chain.Â Â The system allows the set-off of GST paid on the procurement of goods and services against the GST which is payable on the supply of goods or services.Â The basic idea of this taxation reform is to create a single, cooperative and undivided Indian market to make the economy stronger and powerful.Â GST will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascade effect of tax on the cost of goods and services. It will impact the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance, Credit Utilization and Reporting leading to a complete overhaul of the current indirect tax system
The release said Mr. Anil Khaitan, aged 60 years, is the promoter and Chairman Cum Managing Director of the pharma company Sunil Healthcare Limited. He has an MBA from IMI, Geneva in the year 1981. He has a 36 years experience in business. Mr. Khaitan over the years has gained expertise in strategic business planning, financial management and effective development of Human Resource.