GST comment-Godrej Appliances, AGAMA SAR RETAIL PRIVATE LIMITED

Posted by: at 6/30/2017 12:27:00 am

Comments from Mr. Kamal Nandi, Business Head and EVP, Godrej Appliances on GST. 


GST comment-Godrej Appliances, AGAMA SAR RETAIL PRIVATE LIMITED


“We welcome GST as a reform for the industry. Home appliances have become a necessity now with evolving consumer lifestyle and a lower tax slab would have made appliances more affordable in a low penetrated market. With 28% GST, we expect the consumer price (market operating price- MOP) of home appliances to marginally go up by 1-2% post implementation of GST. This could have an impact on demand in the short run. However, normal monsoon, boosting agricultural economy and hike in allowances to government employees will propel demand during the forthcoming festive season.”


Mr. Kamal Nandi
Business Head & Executive Vice President
Godrej Appliances

Mr. Kamal Nandi, is the Business Head & Executive Vice President of Godrej Appliances, a 2750 Cr. flagship division of Godrej & Boyce Mfg.Co.Ltd.

He joined the company in 1997 with a Regional responsibility, and was promoted as a General Manager for West in 2001. In 2003 he took over additional responsibility of Eastern Region. In 2004, he was made the Head of Sales for the Appliance division. In 2005 he was promoted as Vice President –Sales, with responsibility of domestic & international markets. In 2006 he was given the additional responsibility of New Product Development & Marketing. In 2010 he became the Executive Vice President for Sales, Marketing & New Product Development. Last year, he has been promoted as the Business Head & Executive Vice President for Godrej Appliances.

Mr Nandi is an eminent industry spokesperson; he is the Chairman of Home Appliance Industry Council of CEAMA (Consumer Electronics and Appliance Manufacturers Association) and a Member of RAMA (Refrigeration & Air-conditioners Manufacturers Association). He Heads the Godrej & Boyce Marketing Council and is a member of the Strategic Marketing Team for the Group.

Having completed his Bachelor’s Degree in Mechanical Engineering and his MMS(Marketing) from Welingkar Institute, Mr. Nandi started his career with Crompton Greaves as Marketing Executive in the year 1990, and later in 1994 moved on to join IFB Bosch as Regional Manager (West),  prior to joining Godrej.


Impact of GST on Start-Up firms : AGAMA SAR RETAIL PRIVATE LIMITED (company which owns GemsRatna.com)


By Mr. Rajbir Bhardwaj - Member & Spokesperson of Directors' Board, AGAMA SAR RETAIL PRIVATE LIMITED (company which owns GemsRatna.com - A new online precious & semi-precious gemstones shop) based in New Delhi.

We are looking on GST with a slightly different perspective. Some of the corporate firms and even individual tax payers seems to be taken aback by the upcoming GST. However, in our opinion, introduction of GST in the Indian economy must bring positive changes towards a stronger and vital economy structure and trade environment for the business world.

Some of the key aspects where we think, GST can bring positive changes are:

Easier Tax Documentation: As an organization, we spend a lot of money towards the book keeping, journals, and account invoicing every year. This is mainly because every organization need people and software which can easily manage different accounts according to the different prevailing tax structure of various states in India. With GST, we would have a clear idea of the tax slabs for different categories of goods and services which gives us more authority & transparency in the system where equal taxes would be levied in same category of products regardless of the state in which they are being sold or purchased.

Quicker Procurement: Earlier, as a business, we used to analyze different market tax rates to check how expensive or economical the purchase would be but with GST, the tax rate would be same whether we purchase the goods from Rajasthan or from Odisha. This would ease our time and cost related to procurement market search.

Transparency for Consumers: Earlier, if customers wanted to buy something online, they would probably check the tax slab of the state in which the firm has been registered in order to find out which seller would be more economic for them. But after introduction of GST in India, customers would pay the same amount of tax regardless of which market, city or state they have purchased the item(s).

Better Trade Environment: With equal and mandatory tax system in place, the Government is likely to acquire enough funds needed to create a better trade environment in the country. It can build more roads, railways, express trade corridors, city bypass roads, etc to save cost and time involved in the transportation of goods and services from one place to another.

We are aware that these are speculations and the actual impact would be visible only after getting in use to the new GST system. Let us hope this change is for a good.


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