• Twitter
  • Facebook
  • Google+
  • LinkedIn

Institute Lecture by Mr Arun Goyal

               Institute Lecture on "Challenges of implementing GST in Indian Federation"
          The Indian Institute of Technology Bombay organized it’s  Institute Lecture on April 13


                                    Title: Challenges of implementing GST in Indian Federation  

                                                                 Speaker:Mr Arun Goyal

                                     Special Secretary in the Goods and Services Tax (GST) Council

                                                                 Project Monitoring
                                                    Group (PMG) in Prime Minister’s Office

Abstract:
The launch of the Goods and Services Tax (GST) from 1st July, 2017 was a landmark event in the economic history of India as it brought about a paradigm shift in the indirect tax regime of the country. What has been achieved in a short span of nine months is indeed transformative and disruptive. There is a general unanimity amongst all economists and stakeholders that introduction of GST has been a success despite some initial hiccups. These were expected for such a disruptive reform affecting every business and citizen of the country in one way or the other. Some of the key gains from GST implementation include emergence of united India through the underlying notion of One Nation - One Tax - One Market; roll out of GST incorporating bold concepts of dual GST and Integrated GST; shift to totally new IT enabled indirect tax regime; emergence of GST Council a unique institution in the true spirit of cooperative federalism and doing away with inter-State commercial tax barriers. As the new tax regime stabilizes, one can expect larger tax base, buoyancy in GST revenues and boost to exports, Foreign Direct Investment and ‘Make in India’ programme.

Some of the key challenges for further smoothening the new tax regime include making IT system more robust and user friendly; plugging loopholes and ensuring better compliance; smooth roll out of e-way bill system; addressing concerns of exporters and introducing e-wallet system; further rationalization of rates of goods and services and making GST regime simple and taxpayer friendly.

About the Speaker:
Shri Arun Goyal is an IAS officer of 1985 batch. He graduated in electrical engineering from Delhi College of Engineering in 1980 and completed his PGDM (MBA) from Indian Institute of Management, Ahmadabad in 1982. He subsequently also obtained post graduate degree in Economics from Himachal Pradesh University and a post graduate Degree in Development Management from Glasgow Caledonian University, Glasgow, UK.
He is presently posted as Special Secretary in the Goods and Services Tax (GST) Council since its inception in September 2016. The Council is a constitutional body, which is mandated to make recommendations on all GST related policy issues.
In addition, he is also heading Project Monitoring Group (PMG) in Prime Minister’s Office, which
aims at debottlenecking & expediting implementation of stalled & other mega projects.  During the last 32 years in the Government, he has held many challenging and important assignments in the Government of India, State Governments and UT administrations particularly in the areas of finance, power, commerce and industry.
Some of the important positions held by him include Minister (Economic and Commercial) in Embassy of India, Tokyo; Head of Financial Intelligence Unit-India in the Ministry of Finance; Chief Electoral Officer of Delhi; Secretary to Lt. Governor and Secretary (Finance) in Andaman & Nicobar Administration and Deputy Secretary in Ministry of Commerce.
He is a regular speaker at various forums including academic institutions, apex chambers of
commerce and trade bodies and also writing for newspapers, journals and trade magazines. He is a keen traveller, a passionate bridge player and an occasional golfer.