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Samiksha 2006 Panel Discussion on "VAT & Its Implications on Indian Inc." Held at NITIE, Mumbai Samiksha 2006 - an event organized by PGDIE students of NITIE saw industry stalwarts from various streams getting head to head in Panel Discussion on "VAT and its implications on Indian Inc." Samiksha takes the atmosphere of learning beyond the binds of curriculum and keeps students updated with latest trends in industry to prepare the budding managers for challenges of evolving business conditions. The attempt is to attune the institute to become more responsive to and focused on dynamic nature of industry requirements. The program was held on 24th February 2006 and was inaugurated by Dean Academics, Prof. D, S, Hegde, who emphasized that the present system of taxation was complex and posed several hurdles to the development of the manufacturing sector in India due to the multiple taxation scenarios. He said that VAT would ensure a bigger cake of GDP for tomorrow's India. Mr. Arif Siddiqui, Business Head - Logistics, AFL, highlighted the implications of VAT on logistics distribution system. He expounded on the implications of VAT on the physical supply and distribution systems of an organization. He said that VAT will lead to far reaching changes in almost all organizations since remodeling supply chains, an area PGDIE, NITIE students are most interested in, will become indispensable. He went on to say that goods and services can be classified into two categories, those demanding responsiveness or efficiency. Based on whether our products belong to the "responsive/speed" or "efficiency/cost" category, we need to design our supply chains. The focus will now shift from sub optimal CFAs to logistics and responsiveness and efficiencies of supply and distribution. He predicted reduction in distribution system layer and evaluation of new logistics models in the post-VAT scenario. His statement, "It is heart warming to see such a large student community interest in understanding the nuts and bolts of this not so simple facet of taxation," testifies the impact NITIE made to the eminent personalities.
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