C O N T E N T S Pg. X - GSIA · I N D E C O N T E N T S Pg. X BI-MONTHLY NEWS BULLETIN GOA STATE...
Transcript of C O N T E N T S Pg. X - GSIA · I N D E C O N T E N T S Pg. X BI-MONTHLY NEWS BULLETIN GOA STATE...
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BI-MONTHLY NEWS BULLETIN
GOA STATE INDUSTRIES ASSOCIATION(An Apex Association for Micro, Small & Medium Enterprises in Goa)
ISO 9001:2008 Certified
Office: 4TH FLOOR, GOA-IDC HOUSE, PATTO PLAZA, PANAJI, GOA – 403 001.
Ph.: +91-832-2438395 Fax: +91-832-2438210 E-mail : [email protected] Website: www.gsia.in
www.GSIA.in 01GSIA NEWS BULLETIN JULY - AUGUST 2012
Pg. 6 Pg. 6
Pg. 10
President's Message 04
Important Notifications & Circulars
17Important Notifications & Circulars
11Directory of Meetings for the Month of July - August
11Your Business Compliance Calendar
32
Benefits of ESI Scheme
GSIA's Annual General Meeting 05
GSIA's Annual Function 06
Seminar / Workshops / Training Programmes organised by GSIA 08
Udyog Yatra - 14th August 2012 to 05th October 2012 10
31Knowledge Management in Organizations
The Blessings of Being A Small Business
33
Seven Commandments of Business Growth for SMEs 35
How to get Service Tax Registration Number Online ? 37
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GSIA Executive Committee Members for 2010-2013
President : Mr. Shekhar Sardessai
Vice President : Dr. Sangam Kurade
Hon. Secretary : Mr. Sandeep Sardesai
Hon. Treasurer : Mr. Rajiv Nevgi
Imm. Past President : Mr. Atul P. Naik
Mr. Rajkumar Kamat
Mr. Sanat Raiturkar
Mr. Sameer Keny
Mr. Abhijeet Naik
Mr. Naresh Pai
Mr. Kiran Shirsat
Mr. Shivkumar Patil
Mr. Suharsh Usgaonkar
Mr. Rajesh Khaunte (Co-opted)
Mr. Parag Joshi(Co-opted)
Members :
GSIA Advisory Committee Members for 2010-2013
President :
Mr. Shekhar Sardessai
Imm. Past President :
Mr. Atul P. Naik
Past Presidents :
Mr. Atul Pai Kane
Mr. Sudin Naik
Mr. Keshav Kamat
GSIA Co-ordination Committee for 2010-2013
Entrepreneurship Development & Human Capital Committee
Chairman : Mr. Atul Pai Kane
Members : Mr. Vivek Kamat,DTEMr. Prabodh Kamat
Micro Industries Development Committee
Chairman : Mr. Rajkumar Kamat
Members : Mr. Sameer KenyMr. Suharsh Usgaonkar
Industrial Estate Coordination Committee
Chairman : Mr. Sandeep Sardesai
Members : Mr. Kiran ShirsatMr. Abhijeet NaikMr. Sameer KenyMr. Sanat Pai RaiturkarMr. Rajiv Nevgi
Taxation/Legal Committee
Chairman : Mr. Atul P. Naik
Members : Mr. Keshav Kamat Mr. Atul Pai KaneAdv. Y. S. Pai Bir
Environmental Protection Committee
Chairman : Mr. Keshav Kamat
Members : Mr. Naresh PaiMr. Suharsh Usgaonkar
Bio Technology Sector & Bio Incubator Committee
Chairman : Dr. Sangam Kurade
Members : Mr. Atul P. Naik Mr. Shekhar Sardessai
Communication & Publicity Committee
Chairman : Mr. Shekhar Sardessai
Members : Mr. Sandeep SardesaiMr. Sanat Pai RaiturkarDr. Sangam KuradeMr. Atul P. Naik
Policy & Strategy Committee
Chairman : Mr. Parag Joshi
Members : Mr. Sudin NaikMr. Atul Pai KaneMr. Keshav KamatMr. Atul P. Naik
ITI Development Committee
Chairman : Mr. Sudesh Rane
Members : Dr. Sangam KuradeMr. Rajkumar KamatMr. Shivkumar Patil
Training & Academic Programmes Committee
Chairman : Mr. Rajkumar Kamat
Members : Mr. Lalit SaraswatMr. Vikram Kamat
www.GSIA.in02 GSIA NEWS BULLETIN JULY - AUGUST 2012
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The views expressed in this Bulletin are not necessarily those of the Association. All information is provided with the usual waiver of responsibility as neither the GSIA nor its members, employees or service providers can accept liability for loss and damage resulting from omissions and inaccuracy relating to articles, information, data, telephone numbers, addresses, wording, spacing or positioning of any listings, representations and other material regardless of the cause.
GSIA'S Representation on Various Committees on the Government/Government Undertakings Etc. for the tenure 2010-2013
COMMITTEE REPRESENTATIVESr.
01. Goa Industrial Development Corporation (Goa IDC) Board. President
02. State Level Co-ordination Committee for State Investment Subsidy. President
03. Power Advisory Committee. President
04. Micro, Small & Medium Enterprises Facilitation Council. President
05. State Labour Advisory Board. President
06. Integrated Education Advisory Council, Goa University. President
07. Governing Board for Entrepreneurship and Business Development Center, Goa University. President
08. State Minimum Wages Advisory Board. President
09. State Planning Board/State Level Planning Committee. President
10. Goa State Pollution Control Board. President
11. Constitution of Skill Development Mission. President
12. Goa State Employment Subsidy Scheme for Bio Technology Units, 2009 President
13. Interest Subsidy Scheme for Bio Technology Units, 2009 President
14. Goa State Investment Subsidy Scheme for Bio Technology Units, 2009 President
15. Constitution of Sub-Committee to Skill Development Mission. Mr. Sandeep Sardesai
16. Advisory Committee of Bio Incubator Facility (ACBIF). President /Dr. Sangam Kurade
17. Committee for Assessment of Pollution from specific Sources. Mr. Keshav Kamat
18. State Level Steering Committee for Center of Excellence (COE) Scheme under World Bank. Dr. Sangam Kurade
19. Vocational Training Provider (VTP) Evaluation Committee(VEC) Mr. Sandeep Sardesai
for Skill Development Initiative Scheme.
20. State Board of Examination constituted by State Council for Vocational Training (SDCT). Mr. Sandeep Sardesai
21. Human Resource Development Foundation Society. Mr. Sudesh Rane
22. State Level Steering Committee for IMC's of ITI's. Dr. Sangam Kurade
23. Federation of Indian Micro and Small & Medium Enterprises (FISME). Mr. Atul P. Naik
24. Goa Handicrafts Rural Small Scale Industries Development Corporation (GHRSSIDC). Mr. Atul P. Naik
25. Rate Contract Committee under Preferential Purchase Scheme. Mr. Atul P. Naik
26. MSME Development Institute, Margao. Mr. Sandeep Sardesai
27. Commercial Tax Advisory Committee. Mr. Atul P. Naik
28. Public Grievance Committee for Customs & Central Excise. Mr. Atul P. Naik
29. Regional Advisory Committee (RAC) for Customs & Central Excise. Mr. Atul P. Naik
30. State Level of Inter-Institutional Committee (SLIIC). President
31. State Level Bankers Committee (SLBC) President
32. Goa Labour Welfare Board. Mr. Naresh Pai
33. Regional Board / Local (ESIC) Employees State Insurance Corporation. Mr. Sameer Keny
34. State Level Committee on Standardization & Quality System. Mr. Sameer Keny
35. Tool Room & Training Center. Mr. Sanjeev Trivedi
36. Federation of Association of Small Industries of India (FASII). Mr. Rajiv Nevgi
Federation of Indian Chambers of Commerce & Industry(FICCI).
37. Controller of Legal Metrology (Weights & Measures). Mr. Abhijit Naik
38. Regional Committee of Employees Provident Fund for the State of Goa (EPF). Mr. Sandeep Sardesai
39. College Development Council, Goa University. President
40. Task Force Committee on GST Mr. Atul P. Naik
www.GSIA.in 03GSIA NEWS BULLETIN JULY - AUGUST 2012
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he much awaited Regulations for
allotment of Industrial plots by TGIDC have been recently notified by the Government and,
perhaps, for the first time in the history
of GIDC, availability of industrial plots
in the Industrial Estates have been
made public on GIDC website and
through newspaper advertisements.
It was a long drawn battle fought by
GSIA to bring in transparency and fair
play in the allotment of industrial plots
by GIDC. Today, there is a sense of
accomplishment of having shown
courage and resilience in attempting to
change the way some of our
establishments function. This was
possible with full support from
Presidents of Industrial Estate
Associations, Industry Organizations
like GCCI, CII and all our members.
There was paralysis in decision making
for almost last two years in GIDC, but,
with reconstitution of new Board of
Directors under the Chairmanship of
Shri Manohar Parrikar, things are
moving in the right direction and we
are hopeful that GIDC will come back
to its past glory.
We were overwhelmed at the large
participation for our Annual General thFunction held on 29 June 2012. Our
regular venue fell short to
accommodate the large gathering and
we regret that many of our members
had to keep standing for the entire
function. We are happy that our Chief
Guest, Hon'ble Chief Minister Shri
Manohar Parrikar and Hon'ble Minister
for Industries Shri Mahadev Naik made
some important announcements at the
function and assured the industries in
Goa of New Industrial Policy,
PR
ES
ID
EN
T'S
ME
SS
AG
E improvement in infrastructure in the Industrial Estates and reforms in
GIDC.
The Industrial development in Goa has
been neglected far too much and for
far too long. The entrepreneur has
been left sulking for the last several
years and this has vitiated the overall
industrial and entrepreneurial climate
in Goa. While a progressive leadership
is most needed to change this
scenario, the SME's in Goa badly need
a booster dose of stimulus in the form
of policy, infrastructure, incentives, and
most importantly a friendly
administration to deliver this stimulus.
The change in the Government under
the leadership of Shri Manohar Parrikar
has brought in a breath of fresh air for
the industry. Being an entrepreneur
himself, he knows better the pulse of
Goan entrepreneurs. This very thought
has brought in a sense of excitement
within the industry in Goa.
We are all aware that Goa is a small
and eco-sensitive State with limited
resources, in particular, land
resources. Therefore, there is a need
for Goa to have a calibrated and
strategy-driven industrial growth which
does not disturb the socio-economic
and environmental balance. There is
only one way this can be achieved and
that is to focus on MSMEs which are
high-tech, non-polluting and which will
create value added jobs that can
absorb local talent and skills. We must
all recognize that the MSME sector is
undoubtedly a key to economic
transformation in emerging market
economies and hence has to be an
important component of the growth
process.
Festivals form a major part of the
cultural traditions of Goans and
Ganesh Chaturthi is one of the most
important festivals celebrated in Goa.
A festival of joy and gaiety dedicated
to the God of wisdom and knowledge.
Wish you all and your families a Very
Happy Ganesh Chaturthi.
Shekhar SardessaiPresidentGSIA
www.GSIA.in04 GSIA NEWS BULLETIN JULY - AUGUST 2012
The Industrial development in Goa has been neglected far too much and for far too long. The entrepreneur has been left sulking for the last several years and this has vitiated the overall industrial and entrepreneurialclimate in Goa.
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GSIA had its Annual General Meeting on 29/6/2012. Mr.
Shekhar Sardessai, President GSIA, convened the
meeting at 5.00 p.m. He welcomed all the members and
took up the agenda points for discussion. Mr. Rajkumar
Kamat- acting Hon. Secretary, GSIA, read the minutes of
the last AGM, the same were adopted as read and
confirmed. Mr. Rajiv Nevgi, Hon., Treasurer presented the
Audited Income and Expenditure Accounts which were
approved and passed by all the members. An
amendment to MoA and Rules and Regulations/Bye
Laws proposing to amend Annual Maintenance Fees was
also approved in the Meeting. Thereafter, Mr. Rajkumar
Kamat, acting Hon. Secretary presented the Annual
Report on the activities of GSIA.
GSIA's Annual General Meeting
(Left to right: Mr. Rajkumar Kamat-acting Hon. Secretary, Mr. Shekhar Sardessai –President, Mr. Rajiv Nevgi – Hon Treasurer & Dr. Sangam Kurade – Vice President)
(Members at the Meeting)
www.GSIA.in 05GSIA NEWS BULLETIN JULY - AUGUST 2012
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The Annual General Meeting of GSIA was followed by the
Annual Function at the same venue. Shri Manohar
Parrikar, Hon. Chief Minister of Goa was the Chief Guest.
Shri Mahadev Naik, Hon. Minister for Industries was the
Guest of Honour and Ms. Aisha De Sequeira – Managing
Director and Head Investment Banking, Morgan Stanley,
Mumbai, was the Keynote Speaker for the function.
Mr. Shekhar Sardessai, President GSIA welcomed all the
guests and members present for the function. In his
opening address, Mr. Sardessai recalled how his last two
years of Presidency were spent in challenging the
establishment in power. He added that Shri Manohar
Parrikar coming to power is like a breath of fresh air for
the industry. Since he himself is an entrepreneur, he
would be better placed to guide the cause of the Goan
entrepreneurs. He said the Industrial Development in Goa
has been neglected far too much and for far too long. He
said SMEs in Goa badly need a booster dose of the
stimulus in the form of policy, infrastructure, incentives
and most importantly a friendly administration to deliver
this stimulus.
GSIA's Annual Function
(Left to right: Shri. Rajkumar Kamat – acting Hon . Secretary, Shri. Shekhar Sardessai-President GSIA, Shri. Mahadev Naik – Hon. Minister for Industries, Shri Manohar Parrikar- Hon. Chief Minister, Ms. Aisha De Sequeira – MD & Head Investment Banking, Morgan Stanley , Mumbai & Dr. Sangam Kurade – Vice President GSIA)
(Mr. Shekhar Sardessai delivering his opening address)
Speaking on the occasion as the Chief Guest, the Chief
Minister, Mr. Manohar Parrikar, said, "it would need a will
of titanium or the strongest metal to straighten out things
at the IDC," adding, "however, the process of cleansing
was on and would begin to show results soon. Mr.
Parrikar asked the industry to get together and select
their priorities for growth into short term, mid-term and
long term. Adding short-term needs would be addressed
by mid-July, while medium-term requirements could be
targeted during the current fiscal year, with the final
deadline of March 2014 for resolving other issues. A new
Industrial Policy, improvement in infrastructure in the
Industrial Estates and reforms in Goa-IDC were some of
the assurances given to the Industry by the Chief Minister.
He assured GSIA full Government support.
(Hon. Chief Minister Shri Manohar Parrikar addressing the Annual Function)
Shri Mahadev Naik, Minister Industries speaking at the
function said that the Government would be setting up a
Council made up of industrialists and economists to
come out with a new industrial policy. He said after
taking up the Industries Portfolio, he has been visiting the
Industrial Estates where he found that most of the
Industrial Estates face problems relating to water, power,
transportation or civil works.
(Shri Mahadev Naik, Hon. Minister for Industries speaking at the function)
www.GSIA.in06 GSIA NEWS BULLETIN JULY - AUGUST 2012
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(Ms. Aisha De Sequeira, MD &Head Investment Banking Moragn Stanley, Mumbai , delivering Keynote Address)
Ms Aisha de Sequeira, Managing Director and Head
Investment Banking, Morgan Stanley, Mumbai who was
the Keynote Speaker spoke on India's position as an
emerging market. Touching on the country's strengths,
she said, "Its positives are that it is a thriving democracy
which makes investors wanting to participate in the
growth story. However, in the short term, the country is
due for volatility, especially, in the currency, in line with
global trends."
During the function GSIA had its News Bulletin released
with a brand new look and name "PRAGATI" Chief
Minster Shri Manohar Parrikar.
by
(GSIA's News bulletin released with a brand newlook and Name by the hands of Hon. CM)
Dr. Sangam Kurade , Vice President GSIA proposed the
vote of thanks. The Annual Function was attended by a
large number of entrepreneurs, Govt., officials, press and
media.
(Dr. Sangam Kurade-Vice President proposing Vote of thanks)
(Large number of participants for the function)
(Member voicing out his grievance during theQuestion and Answer session with CM)
(Mr. Atul Naik. Imm Past President, GSIA presentingmemento to Ms. Aisha De Sequeira)
www.GSIA.in 07GSIA NEWS BULLETIN JULY - AUGUST 2012
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Seminar/Workshops/Training Programmes organised by GSIAduring the months of July - August 2012
1. Seminar on Stress and Stress Management
nd2. ISO 9001:2008 2 Periodic Audit
The Auditors were briefed about the activities
conducted by GSIA during the year.
Auditors found that all the clauses of 9001:2008
version are effectively implemented and records are
well maintained and therefore declared Continuation
of GSIA's ISO 9001:2008 Certificate
GSIA organized a Seminar on “Stress and Stress Management”
for Micro, Small & Medium Industries on 20 July 2012 at GSIA
Conference Hall Panaji Goa.
The objective of this Programme was to help to know different
aspect of stress and how to manage it for better personal &
professional life.
The faculty for the seminar was Ms. Diana Charles, who is the
professional trainer and was a trainer with Wipro, Bangalore. She
is former Principal and Academic Director of Sunshine Worldwide
School.
(Mrs. Diana Charles briefing the participants during the Seminar)
ndThe 2 Periodic Audit for GSIA was conducted on
3/8/2012 by Lead Auditor Mr. N. V Nagesan & Mr.
Vidyadhar Durgekar of DNV, Bangalore. Mr. N. V
Nagesan addressed the opening meeting.
(Lead Auditor Mr. N V Nagesan & Mr. Vidyadhar Durgekar, DNV Bangalorend& GSIA Management team during the 2 Periodic Audit of ISO 9001:2008)
3. Seminar on Energy Conservation in Industry Sector
GSIA organized a Seminar on “Energy Conservation in Industry Sector” for Micro, Small & Medium Industries on 16 August 2012 at GSIA Conference Hall Panaji Goa.
This Programme was to help in creating awareness, identifying energy conservation potentials, sustainable development, reduce pollution and subsequently increasing the profit.
The faculty for the seminar was Mr. Shaju, the Joint Director of Petroleum Conservation Research Association (PCRA), Western Region.
(Participants for the Seminar)A Certificate of Participation was issued to each of theparticipant by PCRA
www.GSIA.in08 GSIA NEWS BULLETIN JULY - AUGUST 2012
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4. Meeting with Presidents of all Industrial Estate Associations
A Meeting of all the Presidents of Industrial Estate Associations
along with the Executive/Advisory Committee Members of GSIA
was organized by GSIA on 17-8-2012 at Hotel Salida Del Sol,
Panaji, Goa.
(Mr. Shekhar Sardessai, Dr Sangam Kurade,Mr. Atul P Naik & Mr. Parag Joshi addressing the meeting)
Mr. Shekhar Sardessai welcoming the participants said the purpose of this meeting was to discuss and deliberate as
to how GSIA and all the Industrial Estate Associations in Goa can establish a better and a formal connect so as to
evolve a common and bigger vision for the Industrial development in Goa. He said that creation of such a united front
would give a common and stronger voice to the Industries in Goa. Thereafter, Mr. Shekhar put the following two
subjects for open debate:
1. How to establish a connect between GSIA and the Industrial Estates to create a united front.
2. How to create a bigger vision under this united front.
After deliberations, the following in-principle decisions were taken at the meeting:
1. Presidents of all Industrial Estate Associations to be permanent invitees on the Executive Committee of GSIA.
2. Creation of a strong platform through a collaborative linkage between GSIA and all Industrial Estate Associations.
Interaction with Government on all major policy level issues will be done under this platform.
3. GSIA to facilitate creation of at least 2 Facilitation Centres – one in North Goa and the other in South Goa for the
convenience of the Industries.
The Presidents of the Industrial Estate Associations were requested to discuss the above in-principle decisions with
their committees/constituents so that a formal decision for launching this platform could be taken.
A follow up meeting was held on 23/8/2012 at the same venue
where all the Industrial Associations gave their approval for
implementing the decisions taken in the meeting on 17-8-2012.
(Representatives of various Industrial Estate Associationsacross Goa deliberating at the meeting )
www.GSIA.in 09GSIA NEWS BULLETIN JULY - AUGUST 2012
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th thUdyog Yatra - 14 August 2012 to 05 October 2012
The inaugural programme was held in Bicholim
Industrial Estate on 14/8/12 at 3.30 pm at IDC hall
Bicholim. Shri Naresh R Sawal, Bicholim MLA and Shri
Pramod Sawant , Pale MLA were the Guests of Honour
for the programme. The function was inaugurated by
lighting the traditional lamp.
(Udyog Yatra at Cuncolim Industrial Estate)
So far Programmes have been held as follows;
- Cuncolim Industrial Estate on 20/8/12 at Hotel Green World, Cuncolim.
- Canacona Industrial Estate on 17/8/12 at IDC Office, Canacona.
- Kakoda Industrial Estate on 22/8/12 at Audio Visual Room, Kakoda.
- Sanguem Industrial Estate on 24/8/2012 at Gurukul Hall, Sanguem.
- Bethora Industrial Estate on 27/8/2012 at IDC Hall, Bethora
- Madkaim Indstrial Estate on 29/8/2012 at the premises of M/s CNK Polymers Pvt. Ltd., Madkaim
- Sancoale Industrial Estate on 31/8/2012 at the conference hall of Centre for Innovation and Business Acceleration.
(Inauguration of the Udyog Yatra at Bicholim)
(Udyog Yatra at Bethrora Industrial Esate)
(Udyog yatra at Verna Industrial Estate)
(Uyog Yatra at Sancoale Industrial Estate)
www.GSIA.in10 GSIA NEWS BULLETIN JULY - AUGUST 2012
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Directory of Meetings
Important Correspondence
Letter Date SubjectAddressed to
11/7/2012 MD, GHRSSIDC Letter of Thanks for extending Rate Contract Order
11/7/2012 Deputy Director, Review of Implementation of MSMED Act, 2006MSME, New Delhi - GSIA Suggestions for MSMED Act 2006
30/7/2012 MD, GIDC NOCs for constructions to Industries and NOCs to financial institutions for mortgage
6/8/2012 MD, GIDC Delay in Processing Construction plans of M/s ShivSamarth Engineering at Kundaim Industrial Estate.
20/8/2012 MD, GIDC Delay in Plot Transfer application of M/s D. B. ElectricalsPvt. Ltd.
27/8/2012 MD, GHRSSIDC Preferential Purchase Scheme - Purchase of Productsmanufactured by local SSI Units through Rate Contract
Date Meeting Attended by
13/7/2012 Meeting of the Department related Parliamentarystanding Committee on Industry - Review of Implementation of MSMED Act 2006
2/8/2012 a) Meeting to finalize the regulations dealing Mr. Shekhar Sardessai - Presidentwith transfer/sub-lease of plots in the IndustrialEstates/Area set up by corporation
b) Meeting to finalize regulation dealing with Mr. Shekhar Sardessai - Presidentallotment of plots in Industrial Estates/Areas setup by GIDC
4/8/2012 329th Board Meeting of GIDC (Special Meeting) Mr. Shekhar Sardessai - President
10/8/2012 Meeting of Bio-incubator facility Mr. Shekhar Sardessai - President & Dr. Sangam Kurade - Vice President
Mr. Rajkumar Kamat - EC Member
www.GSIA.in 11GSIA NEWS BULLETIN JULY - AUGUST 2012
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Compliance Calendar- by CA Ashish Verlekar
September 2012
05th Service Tax Payment by Companies
07th TDS/TCS Payment
15th i) PF Payment
ii) Advance Tax Installment for all Assessees
20th VAT payment - Tax > 100000
21st ESIC Payment
30th VAT payment - Tax < 100000
30th Return of Income, and Wealth of Companies &
others covered under tax audit
August 2012
05th Service Tax Payment by Companies
07th TDS/TCS Payment
15th i) PF Payment
20th VAT payment - Tax > 100000
21st ESIC Payment
30th VAT payment - Tax < 100000
October 2012
05th Service Tax Payment by Companies/
Individuals/Proprietors/Partner-ship
07th TDS/TCS Payment
15th i) PF Payment
ii) TDS/TCS Quarterly Statement
20th VAT payment - Tax > 100000
21st ESIC Payment
25th Service Tax Return for April to September
30th VAT payment - Tax < 100000
30th VAT quarterly returns for July to September
November 2012
05th Service Tax Payment by Companies
07th TDS/TCS Payment
15th PF Payment
20th VAT payment - Tax > 100000
21st ESIC Payment
30th VAT payment - Tax < 100000
www.GSIA.in12 GSIA NEWS BULLETIN JULY - AUGUST 2012
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Important Notifications & Circulars
of section 8 of the Central Sales Tax Act, 1956 (Central
Act 74 of 1956).”.
4. Amendment of section 10. — In section 10 of the
principal Act,—
(i) for sub-section (2), the following sub- -section shall be
substituted, namely:—“(2) After adjustment under sub-section (1), the
excess input tax credit of a registered dealer, other than
those covered under sub-section (3), shall be carried
over as an input tax credit to the subsequent period: Provided that in case input tax credit at the end of the last
quarter of the year exceeds rupees two lakhs, the dealer
shall file an application in the prescribed form within three
months to carry forward input tax credit and the
Commissioner shall decide the same within three months
from the date of filing of such application and thereafter
the excess input tax credit, if any, shall be allowed to be
carried forward accordingly:
Provided further that if any assessment, is done for the
period then only the excess input tax credit as
determined in the said assessment shall be allowed to be
carried forward.”; (ii) in sub-section (4), the “Explanation” thereto shall be
omitted. 5. Amendment of section 24.—In section 24 of the
principal Act,— (i) for sub-section (1), the following sub- -section shall be
substituted, namely:—
“(1) Every registered dealer shall file a correct and
complete return in such form, in such manner, for such
period, by such date and to such authority, as may be
prescribed. In addition, the Commissioner may require
the registered dealers to furnish any data, for the purpose
of collecting statistics, relating to any matter dealt with in
connection to this Act.”;
(ii) after sub-section (3), the following sub- -section shall
be inserted, namely:—
“(4) Any return filed under sub-section (1), without proper
payment of tax as due, shall not be considered as a
return filed under the provisions of this Act and therefore
shall be liable for penalty.”. 6. Amendment of section 70.— In section 70 of the
principal Act,—
Official Gazette No 19
Series I
Dated 9/8/2012The Goa Value Added Tax
(Sixth Amendment) Bill, 2012
(Bill No. 23 of 2012)
A
BILL
further to amend the Goa Value Added TaxAct, 2005 (Goa Act 9 of 2005).
Be it enacted by the Legislative Assembly of Goa, in the
Sixty-third Year of the Republicof India, as follows:—
1. Short title and commencement.— (1) This Act may be
called the Goa Value Added Tax (Sixth Amendment) Act,
2012.
(2) It shall come into force at once except sections 3, 4(i)
which shall be deemed to have come into force on 1st
day of April, 2012 and section 4(ii) on 1st day of April,
2011.
2. Amendment of section 6.— In section 6 of the Goa
Value Added Tax Act, 2005 (Goa Act 9 of 2005)
(hereinafter referred to as the “principal Act”), in sub-
section (2), for the words “by Notification”, the expression
“by Notification in the Official Gazette, to take effect,
either prospectively or retrospectively, from the date as
may be mentioned therein”, shall be substituted.
3. Amendment of section 9.— In section 9 of the principal
Act,—
(i) in sub-section (2), for clause (viii), the following clause
shall be substituted, namely:—
“(viii) in respect of goods used in the manufacture or
processing of finished goods dispatched other than by
way of sales outside the State except in case of input tax
credit claimed against entry tax paid under sub-section
(6) of this section;”;
(ii) in sub-section (6), the following proviso shall be
inserted, namely:—
“Provided that in respect of finished products dispatched
by way other than sales, the input tax credit on goods
other than those covered by Schedule 'G' shall be to the
extent it exceeds the rate specified under sub-section (1)
www.GSIA.in 17GSIA NEWS BULLETIN JULY - AUGUST 2012
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(i) in sub-section (1), the following proviso shall be
inserted, namely:—
“Provided that except in case of oil marketing company,
the turnover of goods listed in Schedule 'D' and Schedule
'G' shall not be included in the gross turnover of sales
specified above.”;
(ii) for sub-section (3), the following sub- -section shall be
substituted, namely:—
“(3) If any dealer liable to get his accounts audited under
sub-section (1) fails to furnish a copy of such report
within the period prescribed, the Commissioner shall
impose on him, in addition to any tax payable, a penalty
of rupees one hundred per day for each day of delay,
subject to a maximum of rupees twenty-five thousand
cumulatively.”;
(iii) The sub-section (4) shall be omitted.
7. Amendment of section 75.— In section 75 of the
principal Act,—
(i) in sub-section (2), in clause (a), the following shall be
added at the end, namely:— “and file at the check post such declaration or
document as may be prescribed;”
(ii) in sub-section (5), the expression “or twenty per cent
of the value of goods, whichever is higher” shall be
omitted.
8. Insertion of new section 89A.— In the principal Act,
after section 89, the following section shall be inserted,
namely:—
“89A. Incentive Scheme to Industry.— (1)
Notwithstanding anything contained in this Act or the
Rules or notifications, issued there under, the
Government may frame Scheme under this Act to grant
some incentives to the Industrial units in the State.”;
(2) The Scheme framed by the Government under this
sub-section (1) shall, as soon as may be after it is
framed, be laid before the Legislative Assembly of Goa
while it is in session for a total period of not less than
fourteen days, which may be comprised in one session
or two or more successive sessions, and shall, unless
some later date is appointed, take effect from the date of
it's publication in the Official Gazette subject to such
modification or annulment as the Legislative Assembly of
Goa may, during the said period, agree to make, so
however, that any such modification or annulment shall
be without prejudice to the validity of anything previously
done thereunder.”
9. Repeal and Saving.— (1) The Goa Value Added Tax
(Amendment) Ordinance, 2012 (Ordinance No. 4 of
2012) is hereby repealed. (2) Notwithstanding such
repeal anything done or any action taken under the
principal Act, as amended by the said Ordinance, shall
be deemed to have been done or taken under the
principal Act, as amended by this Act.
Statement of Objects and Reasons
The Bill seeks to amend section 6 (2) of the Goa Value
Added Tax Act, 2005 (Goa Act 9 of 2005) (hereinafter
referred to as the “said Act”), so as to empower the
Government to issue notifications as specified therein,
either prospectively or retrospectively.
The Bill further seeks to substitute clause (viii) of sub-
section (2) of section 9 of the said Act, so as to make
clear the case about allowing input tax credit against
entry taxpaid under sub-section (6) thereof which is also
sought to be amended to provide the extent of input tax
credit in respect of finished products dispatched by way
other than sales.
The Bill also seeks to substitute sub-section (2) of section
10 of he said Act so as to allow to carry forward of excess
input tax credit at the end of the year in the manner and
subject to such conditions as provided therein; and
further to omit “Explanation” to sub-section (4) thereof so
as to do away with the provision relating to reversal and
to carry forward of input tax credit proportionate to the
closing stock at the end of the year.
The Bill also seeks to substitute sub-section (1) of section
24 of the said Act, so as to enable the Government to
prescribe different periods other than a quarter, for
different classes of dealers including annual return for
small dealers and further seeks to insert a new sub-
section (4) in said section 24 so as to make clear that a
return filed without proper payment of tax would not be
considered as a return filed as per the provisions of the
said Act and would be liable for penalty.
The Bill also seeks to insert a provision in sub-section (1)
of section 70 of the said Act so as to exclude the dealers
other than oil marketing companies, dealing in goods
listed in Schedule 'D' and 'G' to the said Act from getting
their accounts audited as per the provisions of section 70
of the said Act and further seeks to substitute sub-section
(3) of said section 70 so as to reduce the maximum
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penalty specified for non-compliance with the
requirements of sub-section (1) of section 70, from Rs.
1,00,000/- to Rs. 25,000/- and simultaneously omit sub-
section (4) of said section 70 to do away with the power
of the commissioner to remit the said penalty.The Bill also seeks to amend clause (a) of sub-section (2)
of section 75 of the said Act so as to make it mandatory
for the driver or person in charge of vehicle or carrier of
goods, to file at the Check Post such documents or
declaration as may be prescribed by the Government
and further seeks to amend sub-section (5) of said
section 75 so as to impose the penalty equal to twice the
amount of tax leviable under that sub-section.
The Bill seeks to insert a new section 89A in the said Act
so as to empower the Government to frame Scheme for
granting incentives to the industrial units in the State of
Goa.
The Bill also seeks to repeal the Goa Value Added Tax
(Amendment) Ordinance, 2012 (Ordinance No. 4 of
2012) promulgated by the Governor of Goa on 01-06-
2012.
This Bill seeks to achieve the above objects.
Financial MemorandumNo financial implications are involved in this Bill.
Memorandum Regarding Delegated Legislation Clause 4
of the Bill empowers the Government to prescribe by way
of rules the form of filing application.
Clause 5 of the Bill empowers the Government to
prescribe by way of rules, the form, manner and period of
filing return by a registered dealer and the date by which
and the authority to whom the same shall be filed.Clause 6 of the Bill empowers the Government to
prescribe by way of rules the period within which a copy
of report of audit to be submitted. Clause 7 of the Bill
empowers the Government to frame rules specifying the
declaration or document to be filed at the Check post.
Clause 8 of the Bill empowers the Government to frame
Scheme for granting incentives to the Industrial Units in
the State of Goa. These delegations are of normal
character.
Assembly Hall, SHRI MANOHAR PARRIKARPorvorim-Goa. Chief Minister/Finance Minister
31st July, 2012.
Assembly Hall, N. B. SUBHEDARPorvorim-Goa. Secretary to the Legislative
31st July, 2012. Assembly of Goa
Governor's Recommendation under Article 207 of
The Constitution of India
In pursuance of Article 207 of the Constitution of India, I,
Bharat Vir Wanchoo, the Governor of Goa hereby
recommend to the Legislative Assembly of Goa, the
introduction and consideration of the Goa Value Added
Tax (Sixth Amendment) Bill, 2012. Raj Bhavan, BHARAT
VIR WANCHOODate: 1-8-2012. Governor of Goa
ANNEXUREBill No. 23 of 2012
............................................................................................Extract of the Goa Value Added Tax Act, 2005
(Act 9 of 2005)............................................................................................
6. Reimbursement and Exemption of Tax.— (1) Tax
collected under this Act on purchases made by
specialized agencies of United Nations Organizations or
Diplomatic Mission/Consulates or Embassies of any
other country and their diplomats shall be reimbursed in
such manner and subject to such conditions as may be
prescribed.
(2) In respect of any goods not entitled for input tax credit
and covered by Schedule 'C' appended hereto
purchased within the State on payment of tax under this
Act, the Government may subject to such conditions as it
may impose, by Notification exempt subsequent sales
thereof from payment of output tax for such period as
may be notified.
(3) In respect of any goods other than capital goods and
such other goods as specified in Schedule 'G' appended
to this Act, or in sub-section (2) of section 9, used in the
manufacturing or processing of finished products
dispatched other than by way of sales, the Government
may, notwithstanding anything contained in section 9, by
notification, allow input tax credit in excess of the rate of
tax specified in sub-section (1) of section 8 of the Central
Sales Tax Act, 1956 (Central Act 74 of 1956) on such
goods purchased within the State subject to such terms
and conditions as may be specified in the notification.
(4) Notwithstanding anything contained in sub-section
(2), the Government may, in respect of any goods
covered by Schedule 'G' appended to this Act, by
notification, exempt the sales inter-se dealers thereof,
from levy and payment of output tax, when effected within
the State, on such conditions as may be specified
therein, and any such sales shall not be treated as
“subsequent sale” as provided, in sub-section (2).
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9. Input Tax Credit.— (1) Subject to such conditions and
restrictions as may be prescribed Input Tax Credit either
partially or wholly shall be allowed for the tax paid during
the tax period in respect of goods including capital
goods purchased and/or taken on hire or leased to him
within Goa, other than those specified in Schedule 'G'
and/or such other goods as may be notified from time to
time by the Government, provided, the goods purchased
are for resale in Goa or for sale in course of Inter State
Trade or in course of export outside the territory of India
or used by him as raw materials/capital goods in the
manufacture or processing of taxable goods in Goa or for
sale by transfer of right to use.
(2) No input tax credit under sub-section (1) shall be
claimed or be allowed to a registered dealer:—(i) in respect of goods purchased on payment of tax if
such goods are not sold because of theft or destruction
for any reason;
(ii) in respect of stock of goods remaining unsold at the
time of closure of business;
(iii) in respect of any taxable goods under the Act
purchased by him from another registered dealer for
resale but given away by way of free samples or gifts;
(iv) in respect of capital goods/industrial inputs and
packing materials, covered under Schedule 'B' of the Act,
if said goods are utilized for the purposes other than
those covered in the rescribed declaration;
(v) in respect of goods purchased from a dealer who has
opted for composition of tax under sub-section (1) of
section 7;
(vi) in respect of capital goods or capital assets:—(a) Purchased or paid prior to appointed day;(b) Capital expenditure incurred prior to the date of
registration under this Act;(c) Capital goods not connected with the business of the
dealer;(d) capital goods used in the manufacture of goods or
providing services which are not liable to tax under this
Act;(e) Capital goods used in generation of energy/power
including captive power;(f) Motor cars, its accessories and spare parts.
(vii) in respect of taxable goods sold within the State or in
the course of inter-State trade or commerce within the
meaning of section 3 of the Central Sales Tax Act, 1956
(Central Act 74 of 1956), exempted from payment of tax
under any specific notification issued under this Act or
under the said Central Sales Tax Act, 1956;
(viii) in respect of goods used in the manufacture or
processing of finished goods dispatched other than by
way of sales outside the State.
(ix) in respect of purchase of motor vehicle including car,
three wheeler and two wheeler under this Act or tax paid
under the Goa Tax on Entry of Goods Act, 2000 (Act 14 of
2000) on import of such motor vehicle before grant of
registration mark under the Motor Vehicles Act, 1988
(Central Act 58 of 1988), when such vehicle is resold as
true value vehicle or otherwise by a registered dealer
under this Act;
(x) In respect of raw material used in the manufacture of
ready mixed concrete;
(xi) In respect of naptha and furnace oil used either as
raw material or fuel by chemical fertilizer industry;
(xii) ice cream, alcoholic beverages including beer and
wine and non-alcoholic beverages including packed
juices, aerated water and soft drinks served in party,
factory or industrial canteens, clubs, or served by caterer,
for consumption at any place other than hotel/
/restaurant;
(xiii) Condemned vehicles.
(3) If goods purchased are intended for use specified
under sub-section (1) and are subsequently used fully or
partly, for purposes other than those specified under the
said sub-section, or loss of goods arising out of theft or
destruction forany reason or the stock of goods remaining unsold at the
time of closure of business, the input tax credit availed at
the time of such purchase shall be reduced from the tax
credit for the period during which the said utilization has
taken place provided that if part of the goods purchased
are utilized otherwise, the amount of reverse tax credit
shall be proportionately calculated.
(4) Input tax credit shall be allowed to the registered
dealer, subject to restrictions of sub- -section (2), in
respect of tax charged to him by a registered seller on
taxable sales of goods made to him for the purpose of
the business within three months prior to the date of his
registration provided that no input tax credit shall be
allowed in respect of goods which have been sold or
otherwise disposed of prior to the date of registration.
(5) (a) where a registered dealer has availed of the input
credit on any goods and the same goods are not used in
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the course of his business, input tax credit so availed
becomes repayable in the tax period following the date
on which these goods were put to such other use;
(b) Where such goods were wholly or mainly used or are
intended for use in sale of taxable goods prior to change
of use, tax shall be calculated on the prevailing market
value of such goods at the time of change of use.
(6) Any registered dealer who has paid entry tax under
the Goa Tax on Entry of Goods Act, 2000 (Goa Act 14 of
2000), either on raw material or on capital goods, other
than on goods covered by Schedule 'G' and/or sub-
section (2) of this section, brought by him into the local
area for use or consumption in the manufacture or
processing of goods within the State, shall be entitled for
input tax credit under sub-section (1) of this section.
(7) Balance unclaimed input tax credit of capital goods
shall not be allowed in case of closure of business.
(8) The registered dealer shall be eligible for input tax
credit on stock held on the appointed day, towards the
tax paid under the earlier law subject to such conditions
as may be prescribed. The period and the date from
which such input tax credit is to be apportioned shall be
as notified.
(9) The deduction of input tax credit on capital goods
under this section shall be allowed in two equal annual
installments after the close of the respective year as
under:(i) in case of existing units, upon installation of such
capital goods, and(ii) in case of new units, upon commencement of
commercial production.
10. Input Tax Credit Exceeding Tax Liability.—
(1) Subject to the provisions of sub-section (2), if the
input tax credit of a registered dealer, determined under
section 9 of this Act for a period exceeds the tax liability
for that period, the excess credit shall be set off against
any outstanding tax, penalty or interest under this Act or
earlier law or under the Goa Tax on Entry of Goods Act,
2000 (Act 14 of 2000) or under the Central Sales Tax Act,
1956 (Central Act 74 of 1956).
(2) After adjustment under sub-section (1), the excess
input tax credit of a registered dealer other than those
covered under sub-section (3) shall be carried over as an
input tax credit to the subsequent period upto the end of
the respective financial year and if there is any
unadjusted input tax credit thereof, the same shall be
refunded in the prescribed manner within three months,
from the date of filing of the last quarterly return of the
respective financial year or from the date of filing an
application by the dealer claiming such refund, whichever
is later.
(3) In case of exporter selling goods outside the territory
of India, the excess input tax credit, if any, admissible as
per provision of this Act, proportionate to the goods
exported and carried over at the end of any quarter shall
be refunded in the prescribed manner within 3 months
from the date of filing of application claiming the refund.
(4) Notwithstanding anything contained in sub- -section
(2), the Government may allow, carry forward of excess
input tax credit, if any, to such shorter period and grant
refund of unadjusted portion thereof in respect of such
goods to such registered dealer on such conditions and
at such proportion as may be specified by the
Notification in the Official Gazette.
Explanation. — (i) For the purposes of sub- -sections (1)
and (2) of this section, the input tax credit proportionate
to the closing stock (other than stock of processed
goods) at the end of financial year, shall be reversed and
such amount shall becarried forward to the succeeding financial year as input
tax credit corresponding to the opening stock. The term
“processed goods”, for the purposes of this sub-section,
means finished or semi-finished goods.
24. Returns and Payment of Tax, etc.— (1) Every
registered dealer shall file a correct and complete
quarterly return in such form, by such date and to such
authority, as may be prescribed. In addition to any data
required for proper quantification of tax, the
Commissioner may require the registered dealers to
furnish data for the purpose of collecting statistics
relating to any matter dealt with, by or in connection to
this Act.
(2) Without prejudice to the generality of the provisions
contained in sub-section (1), every registered dealer may
be required to furnish correct and complete returns in
such form for such period, by such dates, and to such
authority, as may be prescribed:
Provided that the Commissioner may, subject to such
terms and conditions as may be prescribed, exempt any
such dealer from furnishing such returns or permit any
such dealer to furnish them for such different periods.
(3) If any dealer having furnished a return under sub-
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section (1), discovers any omission or incorrect
statement therein, he may furnish a revised return at any
time before a notice for assessment is served on him in
respect of the period covered by the said return or before
the expiry of one year following the last date prescribed
for furnishing the said return, whichever is earlier.
70. Accounts to be audited in certain Cases.— (1) Every
dealer liable to pay tax shall, if his gross turnover of sales
exceeds rupees one crore in any year, or in any other
case, if the amount of input tax credit claimed by him in
any year exceeds rupees ten lacs, get his accounts in
respect of such year audited by an accountant by such
date and in such manner as may be prescribed and
furnish within the prescribed period the report of such
audit in the prescribed form duly verified and signed by
such accountant and setting forth such particulars and
certificates as may be prescribed.
(2) For the purposes of this section, “Accountant” means
a Chartered Accountant within the meaning of the
Chartered Accountants Act, 1949 (Central Act 38 of
1949).
(3) If any dealer liable to get his accounts audited under
sub-section (1) fails to furnish a copy of such report
within the period prescribed, the Commissioner shall,
impose on him, in addition to any tax payable, a penalty
of rupees one thousand plus rupees one hundred per
day during the first sixty days of default and rupees two
hundred fiftyper day thereafter, subject to a maximum of rupees one
lac cumulatively.
(4) Notwithstanding anything contained in sub- -section
(3), the Commissioner, upon an application from the
dealer and subject to such rules as may be prescribed,
remit the whole or any part of the penalty imposed on
such defaulting dealer.
75. Establishment of Check Posts for Inspection of
Goods in Transit.— (1) The Government may, with a view
to prevent or check avoidance or evasion of tax, by
notification in the Official Gazette, direct establishment of
the check post or barrier at such places as may be
specified in the notification and every officer who exercise
powers and discharges his duties at such check post by
way of inspection of documents produced and goods
being moved, shall be in-charge of such check post or
barrier.
(2) The driver or person in-charge of vehicle or carrier of
goods in movement shall:—
(a) carry with him the records of the goods including
“Challan”, bills of sale or dispatch memos and
prescribed declaration form or way bill duly filled in and
signed by the consignor of goods carried;
(b) stop the vehicle or carrier at every check post set up
under sub-section (1) or at any other place as desired by
an officer authorized by the Commissioner in this behalf;
(c) Produce all the documents relating to the goods
before the officer in charge of the check post or the
authorized officer;
(d) Give all the information in his possession relating to
the goods;
(e) Allow the inspection of the goods and search of the
vehicle by the officer in charge of the check post or any
authorized officer.
(3) Where any goods are in movement within the territory
of the State of Goa, an officer empowered by the
Government in this behalf may stop the vehicle or the
carrier or the person carrying such goods, for inspection,
at any place within his Jurisdiction and provisions of sub-
section (2) shall mutatis mutandis apply.
(4) Where any goods in movement are without
documents, or are not supported by documents as
referred to in sub-section (2), or documents produced
appear to be false or forged, the officer in charge of the
check post or the officer empowered under sub-section
(3), may—
(a) direct the driver or the person in charge of the vehicle
or carrier of the goods not to part with the goods in any
manner including by transporting or re-booking, till a
verification is done or an enquiry is made, which shall not
takemore than seven days;
(b) seize the goods for reasons to be recorded in writing
and shall give receipt of the goods seized to the person
from whose possession or control they are seized.
(5) The officer in charge of the check post or the officer
empowered under sub-section (3), after having given the
person in charge of the goods a reasonable opportunity
of being heard and after having held such enquiry as he
may deem fit, shall,impose, for possession or movement of goods, whether
seized or not, in violation of the provisions of clause (a) of
sub-section (2) or for submission of false or forged
documents, a penalty, equal to twice the amount of the
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tax leviable on such goods or twenty per cent of the value
of goods, whichever is higher.
(6) During the pendency of the proceeding under sub-
section (5) if any one prays for being impleaded as a
party to the case on the ground of involvement of his
interest therein, the said officer in charge of the check
post or the empowered officer, on being satisfied, may
permit him to be included as a party to the case; and
thereafter, all provisions of this section shall mutatis
mutandis apply to him.
(7) The officer in charge of the check post or the officer
empowered under sub-section (3) may release the goods
to the owner of the goods or to any person duly
authorized by such owner, on payment of the penalty
imposed under sub-section (5).
(8) Where the driver or person in charge of the vehicle or
the carrier is found guilty of violation of the provisions of
sub-section (2), the officer in charge of the check post or
the officer empowered under sub-section (3) may detain
such vehicle or carrier and after affording an opportunity
of being heard to such driver or person in charge of the
vehicle or the carrier, may impose a penalty on him as
provided under sub-section (5).
(9) Where a transporter, while transporting goods, is
found to be in collusion with dealer to avoid or evade tax,
the officer in charge of the check post or the officer
empowered under sub-section (3), shall detain the
vehicle or carrier of such transporterand after affording him an opportunity of being heard and
with prior approval in writing of the Commissioner may
confiscate such vehicle or carrier.
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Applications in the prescribed form are invited from 7th September 2012 for allotment ofindustrial plots in the following Industrial Estates
1. Tuem (Ph-II) - {No. of Plots (43)} area from 1000m2 to 3000m2 (at Rs. 1000/-* per m2) (* tentative to be finalized)
2. Pissurlem - {No. of Plots (18)} area from 800m2 to 5000m2 (at Rs.750/- per m2)
3. Kakoda (Ph-III) – {No. of Plots (09)} area from 800m2 to 2000m2 (at Rs.750/- per m2)
The prescribed application form, the terms and conditions of allotment and Goa Industrial
Development Corporation Allotment Regulations, 2012 will be available at GOA-IDC Corporate Office
at Patto-Plaza, Panaji Goa on payment of Rs. 500/- by cash/Demand Draft. The same may also be
seen and down-loaded from the Website: www.goaidc.com. The terms and conditions have to be
read with above Regulations by all interested entrepreneurs.
Applications received earlier in this office between the period 1st July, 2010 to 17th June 2012 prior to
notifying of the Regulations, 2012 shall also be considered along with the fresh applications subject to
those applicants agreeing to the above Regulations and on submitting an undertaking to that effect
before the last date as specified in the advertisement. The pending applications received prior to 1st
July 2010 will not be considered for allotment.
As regards to Tuem (Ph-II) land will be allotted 'AS IS WHERE IS BASIS'. However, Goa -IDC is
committed to provide the infrastructure at par with other developed Industrial Estates which may take
between six months to one year.
The last date of accepting the applications in the Corporate Office shall be 21st September 2012 during
the office hours. The applications received after the last date may, however, be considered during the
next round of allotments.
MANAGING DIRECTORGOA-IDC
No: GOA-IDC/IE/ALLOT/2012/(1)Date: 06/09/2012
N O T I C E
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Knowledge Managementin Organizations- Suharsh Usgaonkar (gsia's Executive Committee Member)
nowledge is a very powerful tool to run any
organization, may it be from the employers, Kemployees or hired people. In both the great epics of India, Ramayana &
Mahabharata, war ends not only with celebration of
victory of good over evil, but also with transmission of
knowledge. Rama requests Ravana who was a great
scholar to share his wisdom with him before he dies. So
also Bhishma spends hours discussing various topics
with victorious Pandavas, before he dies.
A business process known as `Knowledge
Management', was evolved, in order to effectively utilize
the knowledge potential of every member of the
organization.
Every CEO of an organization agrees that it is a valuable
business process where one needs to invest, frame
policies, implement systems to capture and transmit
knowledge in his organization. Well established internal
communication system helps achieving uniform level of
information about processes, amongst employees which
can be converted into knowledge by making them
understand the rationale behind these processes, so that
the employees can perform their duties, take decisions in
a wise manner.
Information is to know what, who, when, about any
product/process, person or event respectively. The
reason behind this information is known if we ask the
question what is the function of this product/process,
person or event. Thus we gain knowledge. The ability
how to use this knowledge is wisdom.
This process can be further strengthened by sharing of
knowledge within the organization. It is said that you have
to learn from the mistakes of others since you cannot live
that long to make them all yourselves. Likewise it is not
possible for one person to achieve wisdom with his own
experiences but can surely become wiser by gathering
experiences of people around him.
There are two types of people in any organization, some
are unwilling to share their knowledge knowing that it is
power, and the others who don't have means to do so,
like no one asks them for it, or there is no system where
they can make it available to others.
Intelligent people are those who have ability to gain
knowledge and apply the same along with their analytical
skills, manual skills, senses, and available resources to
find solution to a problem in a most efficient way.
The head of the organization, or any of its department
has to respect the fact that everyone in his organization,
even those who are not dear to him, are repositories of
wisdom, which includes knowledge of things that work
and also knowledge of things that do not work. He has to
make conscious efforts to tap these potentials and
effectively utilize the same to achieve desired goals of the
organization.
Apart from gaining knowledge from books and other
media, another simple method is talking to people, while
they are on the job, give them opportunities to explore
new ideas and even get feedback when they are leaving
the organization, by conducting exit interviews.
For any organization, documenting and archiving the key
business events, processes and results would be good
practice. There could be loss of information in handing
over the same from one employee to his successors
without recording and not defining the place where the
information is stored.
For example a machine in a manufacturing industry
breaks down, we waste a lot of time in diagnosing and
rectifying the problem. If we record this breakdown
history and store at its designated place, which is
available to the concerned people; when such
breakdown occurs again, one who has not attended this
problem earlier, also can fix the machine quickly by going
through the history.
Most of the organizations give stress on the finance
management with the help of internal and external
auditors, controllers and accountants to check every bill
and purchase order but not much importance is given to
manage their knowledge, although it is perceived that
wealth follows wisdom.
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tarting a small business is not
a small challenge. There are Sfew funding sources for getting started, and even if you
manage to get the finance, the
constraints of a low budget always
stand between you and your hope
for success. Then making a name in
the market is a Herculean task, and
again it is not less than a struggle to
attract strong talents. Tremendous
planning is required at every step,
and yet still after that a downfall can
happen very quickly.
But in contrast, there are a number
benefits. Unlike a big business,
you're quick to respond to problems
-- there is flexibility in making
decisions, and scope for easy
communication. Rules can be bent
and directions can be changed at
your will. You can make quick moves
to adapt to new market trends, and
adjust your policies as you see fit.
Speed and agility are the key
weapons of a small business.
Do you make the best of the
strengths you have as a small
business?
First of all, you're in a better position
to give your customers personalized
services -- you have that time and
opportunity to make the extra effort
to know the problems of your
customers -- exactly what they're
looking for, and their likes and
dislikes. Large businesses can't do
this due to their volume and nature of
business, but you can, and you
should. Letting your customers know
that you care about them -- their
wants, needs and preferences -- can
provide your business with more
loyal, happy customers, and help
you build a solid bottom line.
Being small can benefit another way
-- you can be extra-responsive to
customers, to changes in the market
-- you can ride the changes. In large
companies, it is very difficult to take
decisions fast due to their big size
and large-scale operation. In
addition, their decisions must go
through layers of bureaucracy before
they get approved. But as a small
business you need not worry about
such problems. At your small
business, decisions can be taken
fast, policies can be changed
The Blessings of Being A Small Business
Courtesy: SME Times
frequently, and experiments can be
undertaken as you wish.
Small businesses also have an
innovation advantage. It's easier for
them to be responsive, flexible and
open to experimentation, and this,
combined with their intimate
knowledge of their customers, offers
a great springboard for innovation.
Also, as a small business, you do not
have the pressure of strict deadlines
that large businesses usually have to
deal with. You can take your time
while trying to invent a new product
or solution.
Being an SME is not all that bad, but
a blessing in many ways. So why
should you lament the size of your
business? Embrace your smallness
and get away with the opportunities
that your big brothers can't. Just
don't let things happen by
themselves -- it requires unlocking
your inner strength as a small
business. And spare no effort in
taking advantage of everything that
your size has to offer.
www.GSIA.in32 GSIA NEWS BULLETIN JULY - AUGUST 2012
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roviding Social Security
Umbrella to India's PWorkforceThe Employee State Insurance Act
1948, is a social welfare legislation
enacted primarily with the objective
of providing certain benefits to the
employees. The act aims to attain
the goal of social economic justice
enshrined in the India's constitution,
and enjoins the State to make
effective social security provisions.
It's a comprehensive multi-
dimensional Social Security system
that encompasses health related
eventualities such as sickness,
maternity, temporary or permanent
disablement, Occupational disease
or death due to employment injury,
resulting in loss of wages or earning
capacity - total or partial. Social
security provision made in the Act
focused at upholding human dignity
in time of crisis through protection
from deprivation, destitution and
social degradation while enabling the
society the retention and continuity of
a socially useful and productive
manpower.
The ESI Act applies to any
premise/precincts, where 10 or more
persons are employed. The
employees drawing wages up to Rs.
15000/- a month are entitled to
health insurance cover under ESI
Act. Keeping pace with the process
of industrialization, the scheme
today, stands implemented at over
790 centres in 29 states and union
territories. The Act now applies to
over 4.06 lakhs factories and
establishment across the country,
benefiting about 1.55 crores family
units of workers. As of now, the total
beneficiary population stands at over
6.02 crores.
Ever since its inception in 1952, the
ESI Corporation has, so far, set up
150 hospitals, 42 hospital annexes,
32 model hospital, 1403/93
dispensaries/ISM Units. Primary and
outpatient medical services are
provided through a network of ESI
dispensaries and panel clinics,
where as 6536 Insurance Medical
Officers are working to reach out to
the beneficiaries. The ESI
Corporation has also set up five
occupational diseases centers for
early detection and treatment of
occupational diseases. For payment
of cash benefits, the corporation
operates through a network of over
629 branch offices and 180 Pay
Offices, functioning under the
supervision of 57 Regional/Sub
Regional and Divisional Offices.
thUpon it's founding on 24 February
1952. ESI Corporation offered its
services to the workers registered
under its scheme. This comprised a
bunch of five benefits, viz. Medical
Benefit, Sickness Benefit, Maternity
Benefit, Disablement Benefit and
Dependants Benefit.
Over the years, the EIC has taken
measures to enhance the ambit and
scope of its benefits for insured
employees. Extended sickness
benefit, a cash benefit for certain
specified long-term disease was
added as a category under sickness
benefit. Vocational training for
rehabilitation of disabled insured
persons was also introduced shortly
after. In 1966, payment for funeral
expenses for performing the last rites
of a deceased was also added.
Among the more recent initiatives
that have been added to the list of
benefits or entitlements, include the
introduction of the Unemployment
Allowance scheme, christened' Rajiv
Gandhi Shramik Kalyan Yojana' in
2005.
During the past one year, the ESIC
has taken additional new measures
to offer to its beneficiaries. The
Corporation has enhanced the
quantum of funeral expenses, rate of
confinement expenses.
Social Security Benefits
i) Medical Benefit: Primary,
Secondary and Tertiary medial care
with no cap on individual
expenditures is provided for self and
dependants. It is admissible from the
day one of entering insurable
employment. Whereas the primary,
out- patient, in-patient and super-
spatiality treatments are facilitated in
some of the ESI Hospitals and large
number of advanced empanelled
medical institutions on referral basis
ii) Medical Care for Retired IPs:
Full Medical Care for Self and
spouse on Superannuation subject
to having completed five years in
insurable employment immediately
before superannuation or in case of
having suffered permanent physical
disablement during the course of
insurable employment. The rate of
contribution for superannuated/
disabled insured persons is Rs. 120/-
Benefits of ESI Scheme
www.GSIA.in 33GSIA NEWS BULLETIN JULY - AUGUST 2012
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per annum payable lump sum at the
branch office for availing full medical
care for self and spouse.iii) Sickness Benefit (Cash):
Sickness benefit is payable to an
insured person in cash, in the event
of sickness resulting in absence from
work and duly certified by an
authorized Insurance Medical
Officer/Practitioner. About 70% of
average daily wages upto 91 days in
a year are paid. Full wages are to be
paid in the cases of
vasectomy/tubectomy/post-operative
complications.
iv) Extended Sickness Benefit
(Cash): Extended sickness benefit is
available to those who are suffering
from specified 34 diseases such as
tuberculosis and leprosy, etc.
Enhanced sickness benefit equal to
their daily wage is payable to those
who undergo sterilization operations
for family planning purposes. The
rate of benefit is compensation at the
Standard Sickness Benefit rate of not
less than 50% of daily wages for up
to 734 days (2 years).
v) Maternity Benefit (Cash): A
maternity benefit for 84 days is
payable to insured women during
pregnancy and delivery. Benefit for 1
additional month can be paid in case
of confinement, premature birth of
child, miscarriage or any other
complication. For claiming the
benefit insured woman should have
paid contribution for at least 70 days
in two consecutive contribution
periods. i.e. one year.
vi) Disablement Benefit (Cash):
A Disablement benefit is payable to
insured employees suffering from
physical disablement due to
employment injury or occupational
disease. The benefit is offered based
on loss of earning capacity and the
period of disability. An insured
Person should be an employee on
the date of the accident. There are
two kinds of disablement benefits i.e.
permanent and temporary.
vii) Dependants Benefit (Cash):
Dependants Benefits (family
Pension) becomes payable to
dependants of a deceased insured
person where death occurs due to
employment injury or an
occupational disease. A widow can
receive this benefit on a monthly
basis for life or till her re-marriage. A
son or daughter can receive this
benefit on monthly basis till 25 years
of age. Other dependants like
parents including a widowed mother
etc can also receive this benefit
under certain conditions, for life.
viii) Funeral Expenses: On death of
an insured person subject to a
maximum of Rs. 10000/- is payable
at the Branch office.
ix) Vocational Rehabilitation: In
case of disabled insured persons
under 45 years of age with 40
percent or more disablement.
Vocational training is now also being
made available to those insured
persons who are rendered
unemployed unwillingly, for ensuring
their re-employability. These
vocational trainings will be provided
through AVTIs.
x) Confinement Expenses: The
rate of confinement expenses for
confinement outside ESI Hospitals is
Rs. 2500/- per confinement.
Restricted to 2 confinements only.
xi) Free supply of physical aids and
appliances such as crutches,
wheelchairs, dentures, spectacles
and other physical aids.
xii) Unemployment allowance
(Rajiv Gandhi Shramik Kalyan
Yojana): Unemployment Allowance
is payable to those workers facing
involuntary unemployment due to
closure of factory/establishment,
retrenchment or permanent invalidity
arising out of non-employment injury.
Unemployment allowance is paid
upto 50% of the average daily
wages. This allowance is payable for
a maximum period of 12 months
either in one spell or in different
spells of not less than one month's
duration. The insured Person's
eligibility condition has now been
relaxed to three years from earlier
five years, for being able to avail the
Unemployment Allowance
Other BenefitsIncentive Scheme for Employers
The employer's share of contribution
is paid by Government for 3 years for
providing employment to persons
with disabilities drawing monthly
wages upto Rs. 25000/-
Courtesy : ESI Samachar
www.GSIA.in34 GSIA NEWS BULLETIN JULY - AUGUST 2012
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Seven Commandments of BusinessGrowth for SMEs
ost entrepreneurs are curious of finding
success mantras for their businesses. While Mthere are many who learn on the job, there are others who like to learn from others examples.
Emerging entrepreneurs who are still in the starting-up or
scaling-up phases of their business can learn from the
following commandments of raising a successful
enterprise.
1 Don't waste your time going after the
business which does not align with your
business vision
Many growing enterprises fall into the catch of quickly
creating cash flow by serving everything that comes their
way. Well, this is not a smart move as it generally takes
you off your path.
2 The boss usually decides! Do you know the
boss?
Business development efforts keep going on and on and
the sales cycle keeps getting longer if you are not
focusing on the right person who has the power of
decision making. This ensures lesser cost of sales for
SMEs. Hence go network with the right people.
3 Listen, Listen and Listen
When your prospective customer speaks, let him.
Listening will do a world of good to you and your
business than speaking and trying to justify or explain
who you are. SMEs do have to talk about themselves
initially as they may not be world class brands, but then
you must have a well defined 20 second sharp and
precise pitch which clearly states what you want to
deliver, what is your USP and what do you bring onto the
table and why should your prospect buy you than from
your competition.
4 The client's objective is more important than
yours
From the point of listening emerges this fact. Your
services are not meant to be 'sold'. They are meant to
suffice your client's business objectives. This stands
particularly true for companies which are into marketing
services. Not everyone needs an apple and you must
know that 'An Apple a day keeps the Doctor away' is only
another sentence which someone once said.
5 A powerful, genuine recommendation is more
effective than 500 people on your friends list
In business one powerful recommendation about you
and your work is far more stronger than those 500 odd
friends you have on Linkedin or facebook, which may or
may not serve much purpose.
6 There's nothing worse than an unhappy client
Do we need say more on this?
7 If you get the business, it's up to you to see
that it's well-handledExecution is the key. Its the ultimate key. There is nothing
more candid one can get on this. If your delivery fails,
even if you are the best salesman out there, you will still
lose the business, client and the trust and may be your
brand in the market tomorrow.
These are experiences derived from different businesses
and may not be as exhaustive.
Courtesy: Indiamart.com
www.GSIA.in 35GSIA NEWS BULLETIN JULY - AUGUST 2012
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According to Section 69, every person liable to make
payment of service tax or any other person notified by the
Central Govertmentt through a notification is required to
get the registration under the service tax act
On Line Registration
On line registration has been mandatory for all kind of
assesses w.e.f. 30-09-2009 Vide commissioner of service
tax Trade Notice no. 14/ST/2009 dated 17-09-2009 Under
the software called Automation of Central Excise And
Service Tax (ACES) regarding registration a user has to
first register with ACES . This registration is not a
statutory registration as described in Act or Rules made
there under the Service Tax Act
(a) New Assessee-
1) The user first log on to www.aces.gov.in
2) Choose the service tax button appearing on the left
side of the web page Click the button New Users
Click here to Register with ACES in the log in
Screen That appears after clicking Service Tax
Button
3) Fills in and submit the form Registration with ACES
by furnishing a self chosen User ID and e-mail ID
.Once chosen it cannot be changed
4) The system will check the availability the chosen
User ID & Then generate the password & sent to e-
mail mentioned in the form
5) The User then re-login & move with statutory
registration with Service Tax by Filling Form ST -1 by
clicking the Reg link & change the Password
Immediately.
The system will generate the registration number
after that request go to AC/DC
6) After that Assessee may be required to submit
certain documents for verification after due
processing a message will be sent to assessee &
the signed copy or R C can be sent by post or can
be collect by assessee.
Existing Assessee
The existing assessee are not required to get fresh
registration. They will have to only registration with ACES
in following way
1) ACES application will automatically send the mail to
the e-mail ID already available in the existing data base.
Indicating A TPIN number and password .this mail
contain a link to the website2) The assessee clicks on link and is taken to ACES
Application3) The assessee after providing the required information
including the password as provided in e-mail a new user
ID & new password Submit the form.
NON ASSESSEE
This type of registration is provided in ACES to any
individual, firm or company which require to transact with
the department of central excise & service tax in non
assessee capacity(1) Merchant exporter (2) co-noticee (3) refund applicant
(4)persons who has failed to get registration under the
law against whom the department has started
proceedings (5)person who are required to make any
payment under the Service Tax & Central Excise RulesWhen such person seeks registration under the non
assessee category they have to follow the same steps as
in case of new assessee provided they have to choose
and fill in the non assessee form. In case the Asseessee
is taking registration for claiming refund or rebate it is
mandatory to furnish his/her valid PAN DOCUMENT
REQUIRED FOR ADDRESS PROOF & IDENTITY IN CASE
OF REGISTRATION & CENTRALISED REGISTRATION
REGISTRATION
1 Copy of PAN Card
2 Residence addresses of proprietor / partners
3 Memorandum of association or partnership deed
4 Power of attorney/board resolution in respect of
authorized signatory, his name and address detail
5 Proof of address of premises for which single or
centralized registration taken. A copy of telephone
bill, electricity bill, rent agreement in name of prop &
partnership firm or document issued by any central
or state government
PROCEDURE FOR REGISTRATION
The assessee is required to submit the form ST-1 after
providing basic information such as Name, Address,
Constitution and PAN. The registration is to be allowed
How to Get Service Tax RegistrationNumber Online?
www.GSIA.in 37GSIA NEWS BULLETIN JULY - AUGUST 2012
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within 7 days of acknowledgement of registration
application .however if the assessee does not get
registration within such period of 7 days it is deemed to
have been granted
AMENDMENT IN REGISTRATION CERTIFICATE
If there is any change in any information as provided in
ST 1 at the time of obtaining registration or assessee
intends to provide any additional information to the
department. The assessee shall intimate the same in
writing to the jurisdictional assistant commissioner or
deputy commissioner of central excise as the case may
be within a period of 30 days of such change Rule 4(5A)
SURRENDER OF REGISTRATION CERTIFICATE
Every registered assessee, who ceases to provide the
taxable service for which he is registered shall surrender
his registration certificate immediately to the
superintendent of central excise RULE 4(7)
SERVICE DESK
In case of any difficulty in accessing or using the ACES
Application assessee can take the help of ACES Service
Desk by sending e-mail to aces.servicedesk@
icegate.gov.in or calling up national toll free number1800
425 4251
Courtesy: Tax Guru
www.GSIA.in38 GSIA NEWS BULLETIN JULY - AUGUST 2012
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