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 INDUSTRIES ASSOCIATION (An Apex Association for Micro, Small & Medium Enterprises

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XC O N T E N T S Pg.

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

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

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


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


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.

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)


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)


(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)


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


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 )


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)


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


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



15th i) PF Payment


21st ESIC Payment


October 2012

05th Service Tax Payment by Companies/

Individuals/Proprietors/Partner-ship


15th i) PF Payment

ii) TDS/TCS Quarterly Statement


21st ESIC Payment

25th Service Tax Return for April to September


30th VAT quarterly returns for July to September

November 2012



15th PF Payment


21st ESIC Payment



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)


(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


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).


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


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-


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


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.


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


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.


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.


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,

outpatient, 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


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


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


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?


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


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Documents

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 INDUSTRIES ASSOCIATION (An Apex Association for Micro, Small & Medium Enterprises