The X-Fin, finance association of Xavier Institute of Management, Bhubaneswar (XIMB) in partnership with the World Trade Centre, organised the 4th Annual Budget conclave on Wednesday here.
The speakers included Chairman, Indirect Tax Committee, Utkal Chamber of Commerce and Industry, Odisha CA Tarun Agarwala, discussing on the general analysis along with implications on taxes, IES, Dean KIIT School of Management Prof (Dr) Satya Narayan Misra, discussing on the implications on the Indian Economy, and partner, SAPSJ and Associates also Member, ICAI-ERIC CMA Shiba Prasad Padhi, discussing on the implications of the Goods and Service Tax regime with respect to the cost. The discussion was moderated by scribe Dilip Satapathy.
Assistant Director, World Trade Centre, Bhubaneswar, Nimeshika Natarajan gave the welcome note. Satapathy spoke about the interim budget breaking conventions.
Agarwala spoke about intricacies of taxation and how the budget has affected taxes. Prof Mishra said that GST is the greatest fiscal reform the country has seen till now.
Padhi mentioned how the budget plans for a collection of Rs 27 lakh crore from which approximately Rs 17 lakh crore comes from just taxes.
An interactive question and answer session followed. The vote of thanks was delivered by CA Kajal Agarwal.