MIND TREE
management and purchasing
for better implementation of the
new taxation system.
Naresh Kumar, Senior
Production Manager,
Kashvi Design, Noida
For us, GST is positive and I
can’t say that it is negative
in any way. GST will be
playing a negative role for
the organizations who are not
working ethically. I personally
feel that GST had made our
life much easier. Rather than
serving so many taxes on
different slabs, we will be able
to finish it up with one proper
taxation system.
Prabhu Damodaran,
Convener, Indian
Texpreneurs Federation
(ITF), Coimbatore
Our recent initiative “First day,
First Invoice” is getting quite a
good response. The idea behind
the initiative is to create some
positive sentiments in the
industry, because many of our
co-industrialists were depressed
and feel negative too about
the GST. So, we tried to convey
the message that it is not a very
big thing and we can easily
implement this. I’m sure that
after first 15 days, things will
automatically come on track.
Anuj Mundhra,
Managing Director,
Nandani Creation &
Desi Fusion India, Jaipur
GST will be, in its entirety,
good for the industry. May
NEXT MINDTREE QUESTION
be, it will lead to hike in
prices for some time but
surely it will be for a limited
period. In long-term,
prices will come down
due to single tax
system. The procedure
of industrial activities will
improve since now they
have to deal with one
department only rather
than struggling with various
departments such as VAT,
excise and service tax
departments. Due to the
introduction of GST, the
overall cost will increase for all
under the garment industry.
POST YOUR COMMENTS
Buyers claim that in today’s business environment, it is important to have
transparent collaborations and partnerships between buying offices and
suppliers to grow… Do you agree with this view, and have you seen such
upfront approach from your buyers?
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