Experts speak on impact of demonetisation

Tribune News Service

The Indian Institute of Materials Management, Chandigarh, organised special session on ‘Impact of GST and Demonetisation on Supply Chain Management’ during their 32nd annual day celebrations held at Golden Jubilee Hall, Panjab University. The session was attended by over 100 members heading supply chain function from Chandigarh, Punjab, Haryana and HP.

Rajan Datt, Joint Commissioner, Central Excise and Service Tax, Chandigarh, who was the chief guest on the occasion, shared important aspects of the GST, tax payment, tax levy, refunds and action points for smooth transition to the GST. He said the GST would be the next financial reform in the country.

Sanjay Malhotra, eminent indirect tax expert and practicing company secretary, apprised members of the impact of the GST across supply chain i.e. on procurement, sales, finance, warehouse management and imports-exports. He also shared the impact of the GST on various sectors and action points to meet the challenges.

Preet Mohinder Singh, chairman, Institute of Cost Accountants of India, Chandigarh-Panchkula chapter, also spoke on the occasion. Ashish Sehgal, AGM, Godrej, shared his views on creating lean and green SCM. Dr AK Saihjpal, vice-president, IIMM, Chandigarh, added that the SCM being important function so Industry should prepare for GST migration without delay and IIMM will support the business houses in same.

Members of the institute were awarded with various awards in supply chain management. Life Time Achievement award in the SCM was given to AN Chaudhry.