THE OFFICE OF AIMA CENTRE FOR MANAGEMENT EDUCATION AT ANDHRA ASSOCIATION BUILDING, 24-25 INSTITUTIONAL AREA, LODHI ROAD, NEW DELHI HAS RELOCATED TO AIMA’S NEW PREMISES AT 15, LINK ROAD, LAJPAT NAGAR, PART-III, NEW DELHI W.E.F 6TH NOVEMBER 2017                   The office of AIMA Centre for Management Services at Management House, 14 Institutional Area, Lodi Road, New Delhi - 110003 has relocated to AIMA’s new premises at 15, Link Road, Lajpat Nagar, Part-III, New Delhi w.e.f. 13th November 2017

Management News

Macro Impact

Goods and Services Tax (GST) will be a landmark change in the Indian tax structure after Independence. It is expected that it will simplify and harmonise the indirect tax regime in the country as it will do away with the multiplicity of taxes at the State and Central levels which has resulted in a complex indirect tax structure. Though MSMEs welcome and are looking forward to its roll-out, the GST regime has both positive and negative implications.

Under GST, credit will be available all along the chain; presently, it is available only in excise. MSMEs generally tend to operate in the same State; or else, they will have to comply with not only tax requirements in that State, but also that of the other States—CST and then tax deposit. The burden of filling multiple forms will add to their burden.

MSMEs will now be able to reach out to the whole country in the sense that they will find it as easy or difficult to sell their products across the States as in the State they operate from. There will not be much difference in compliance; only IGST component will be added wherein MSMEs will be able to sell their products seamlessly and also avail themselves of credit. This ‘one nation, one market’ approach will ease the restrictions vis-à-vis operations and the tax quantum will also be almost the same...... Page 28 and 29