MUMBAI: University of Mumbai’s Garware Institute of Career Education and Development (GICED), a pioneer in providing quality training and expertise to those seeking a career in Export-Import, Shipping, and Logistics, inaugurated and welcomed the batches of academic year 2017-18 and organised a seminar on "GST - Implementation and Benefits" on Saturday, August 19, 2017 which was exactly the 50th day of GST implementation by the Union Government. Students of new and current batches of UGDCCFF, PGDCCFF and PGDLSCM as well as the ex-students participated in the event.
The institute has an extensive track record and imparts consistent training to students in hands-on skills to meet the need for well trained and experienced international trade professionals in various sections of Customs compliances, logistics and supply chain sectors.
The institute is strongly backed and supported by an enterprising team of experienced course coordinators, alumni and an excellent faculty base from various parts and sections of the Government as well as industry who have been dedicatedly sharing and imparting the knowledge and skill on the Customs and Indirect Taxes compliances to the students.
Mr Vivek Johri (IRS), the newly-appointed Chief Commissioner of Customs Nhava Sheva, inaugurated the courses as the Chief Guest.
Mr Deepak Mata, Assistant Director, National Academy of Customs, Indirect Taxes and Narcotics (NACIN), was the Guest Speaker of the GST seminar. Mr Snehal Parikh, Chairman, Shipping & Ports Committee - Indian Merchants’ Chamber, shared his insights on impact of GST on export-import industry for the benefit of the students.
"With the fact that the Government is gearing its efforts towards skill development; we at GICED have been conducting courses like Customs clearance and freight forwarding and logistics and supply chain management since 1984," said Dr Anil Karnik, Director of the Institute.
Mr Johri, who has been in the revenue service since 1985 and held prestigious portfolios in various Departments of the Government, was all praise for the students for being a part of these courses at the institute. He also said there is a dire need of professionals in the broking sector and trade so as to bring in the changes that are long awaited. Diploma courses in Customs clearance and logistics and supply chain, such as offered by GICED, are the resources that are required more today, it was said.
"Government initiatives like Make in India, GST, etc. are not just mere words, they have a greater significance", said Mr Parikh, a pioneer in the field of shipping and logistics. He also said the logistics industry is facing a severe cash flow crunch, due to GST; not only this, but different traders are facing different issues under GST. He addressed GST from the logistics sector point of view. He spoke about export cost getting dearer under this new regime.
But Mr Johri said: "Logistics sector is the biggest beneficiary under GST". There is a free movement of capital. He even applauded the logistics sector by saying, "Logistics chain operators are the glue to value chain in significant manner not only in international trade, but in domestic trade too." Mr Johri was concerned about logistics industry becoming more complex because of several middlemen.
Mr Deepak Mata, who is handling the training of Group A, B and C officers from the Western Zone with special focus on GST, shared his understanding about GST with the audience. Basics of GST and execution and implementation were covered with lots of interaction with the students and faculty. According to him, logistics is the biggest gainer in GST, as octroi check posts have been completely done away with, which, in turn, saves time and cost. "70 per cent software, 20 per cent accounts and 10 per cent laws is what GST is all about", emphasised Mr Mata. The difference between SGST, CGST, IGST; zero-rated and exempted supply was well explained by the GST expert. He gave an insight about Advance Ruling. He made the session interactive and learning fun for the students, which was evident in their participation level.
As a token of gratitude, mementoes were presented to the dignitaries for gracing the occasion.
Ex-students of UGDCCFF 2014-15 batch who successfully cleared the Rule 6 CBLR exams in June 2017, were felicitated at the event. It was a proud moment for the institute, its course coordinators and faculty.
Students were thankful to Mrs Shilpa Borkar, Assistant Director, GICED, Mr Prakash Khatri and Mrs Della Crasta, Course Coordinators of UGDCCFF, PGDCCFF and PGDLSCM for organising this knowledgeable seminar.