A talk on GST by Shri Jayant Sinha, Minister of State, Civil Aviation At Tip Top Plaza, Thane. 14th July, 2017
GST call centers for support in every place
8 central and 9 state taxes have been merged into GST. Indirect taxes
GST is a destination tax
Tax credit chain structure is formed
Alignment of invoices, invoice matching will bring about transparency
Complete Digitization of Process
Comparable to Aadhar meant for individuals
Consolidation of supply chain. Will make the system more efficient
Optimization of logistics, of manufacturing and warehousing. Reduction in cost structures. Will make the country competitive
State check posts have been eliminated. From 10 to 30 % reduction in transport time
More than 300 crores invoices per month will be uploaded on the GST system. Big Data. No other comparable data volume in the world.
Policy making will improve with all this Big Data available.
Fool proof compliance will lead to improvements in tax collection. Tax to GDP ratio is presently 16-17%. China is at 21%.
Increase in tax collection will help improve infrastructure, education, Heath care, defence.
21 lac crores is the annual expenditure of Central goverment. Revenue is 15.5 lac crores. Expenses are higher than revenue.
With GST fiscal deficit will reduce.
Changes in constitutional structure carried out. It is a victory of Indian democracy. It couldn’t have been possible in other federal democracies such as US, Australia, Canada.
Similar to political integration that was carried out by Sardar Vallabhbhai Patel. GST has brought about economic integration.
Brought about a change in which business is conducted in the country.
Question & Answers
Input tax credit needs to be incorporated in the costing
Refund on tax credit will be refunded in 7 days, once filings start from September
HSN code is a global classification. In case there is a need for correction, HSN mapping will be dynamically updated.
Every GSTN account will be rated on compliance.
Ministry of finance has prepared an app for HSN code.
Goals give a sense of meaning and purpose to our life. Goal setting, along with careful planning provides a sense of direction to keep us focused on what we want and to work towards its achievement.
Our life has many facets – all of these can be classified in 6 major areas; personal, professional, spiritual, physical and mental, family and social, financial. For a meaningful and successful life, we should set goals in all of these areas.
Goals to me are SMART dreams. By SMART, we me Specific, Measurable, Achievable, Realistic and Time Bound. A goal has be specific, it has to be clearly defined. A goal has to be quantifiable – something that can be measured, it has to be achievable and attainable within a lifetime, it has to be realistic – something that can be experienced in reality. Above all, the goal is a dream with a deadline for achievement. It is time bound.
Written goals are the seedbeds of accomplishment. The important thing while setting goals is that you need to write them, because writing your goals forces you to crystallize and clarify your thinking. It is said that the human mind has more than 4,000 thoughts each days. Writing down the thoughts which matter, helps you focus on what is necessary and keeps you on course. Written goals form the basis of measuring progress. Written goals produce motivation. Written goals form the basis of an action plan. Above all, written goals stimulate visualization.
Often people set goals, but don’t achieve them. This is because they don’t take the action required to achieve to goals. The most important aspect of achieving your goals is taking action, with enthusiasm. Having set your goals, you need to create an action plan for their achievement.
Setting goals has changed my life and the lives of many around the world. It will change yours as well.
“Whatever you vividly imagine, ardently desire, sincerely believe, and enthusiastically act upon, must inevitably come to pass.” – Paul Meyer
Papa has been a caring father, an uncompromising mentor, a tough boss, and above all my strongest shield. My greatest learnings of life have been by observing him and his actions. If I had to describe Papa in three words, they would be perfectionist, hardworking, and intelligent.
Papa is a simple man, with little needs and no wants. He has a penchant for good things in life. A complete family person – with love for the parents, respect for elders, and affection the younger ones; super tough on the outside – very emotional from within.
A university gold medalist, Papa is amongst of the best mechanical design engineers, that one would ever come across. With his never-never-never give up attitude, a passion for excellence, patience, perseverance and an extremely creative engineering mindset, he earned the honor of working with the great scientist and former President of India, Dr A.P.J. Abdul Kalam for developments on the Indian missile technology. Papa has been at the forefront of our many prestigious executions for the Indian space program.
Well read, well informed, he carefully chooses words at all times, speaking with an aura, charisma, energy and passion. He has the remarkable ability to convince others with his calm and composed demeanour. It’s hard to win over him in a debate. At the same time, he is a keen observer, a good listener, a quick thinker, accepting the others point of view, whenever communicated with reason and logic. It’s very often that I have received compliments from our customers, professional associates, and friends about his pleasant and unforgettable personality.
Papa is a tough boss and an uncompromising mentor. It’s hard to get praise from him. It took a while for me to realize, that one has done good, when he does not ask questions, and, extra ordinarily well, if he says good. At work, the father-son relationship is limited to lunch time (though I do take some liberties every now and then).
To this day, Papa puts in more hours at work than I do. Inspite of the everyday long hours, and many a times working seven days a week, it’s rare to catch him with an expression of tiredness – you cannot make the difference if he is headed to work or returning back. And when he is back home each day, (by which the half of Mumbai is already preparing to sleep) he still has enough energy and patience in him to listen to the everyday experiences of Shourya and Maahir, and share with them many events and stories from his life.
“Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything – all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose.”- Steve Jobs
We are the master of our destiny. We are responsible for our own happiness. This famous inspirational poem charges us to accept responsibility for our lives no matter our circumstances.
William Ernest Henley (1849-1903), an English Poet, had one of his legs amputated at the age of 17. The poem which he wrote while healing from the amputation is a testimony to his refusal to let his handicap disrupt his life. He led a meaningful life as a poet and editor until he passed away at age 53.
While imprisoned on Robben Island Prison, where he was incarcerated for 27 years, Nelson Mandela (who later served as President of South Africa, and won the Nobel Peace Prize) recited the poem to himself and other prisoners as a way to bolster their spirits, and motivate them to press onward. He felt empowered by the message of self mastery.
“Leaders are readers, and readers are leaders,” echoed Vivek (in 2006), when I told him that I don’t read.
Today, not reading a book each day, matters as much as drinking water or having food. I read constantly, I read in the car, bus, train or the airplane, I read when I am waiting to meet a customer, I read when waiting at the airport, I read when others are watching TV, I read on vacations and business tours, I read before I sleep, I read while having my morning cup of tea, devouring new books and revisiting some that I have read before.
My book shelves at home and office keep over flowing, with the books that I continue to accumulate from book stores, from train stations, from airports, and from road side vendors. It’s hard for me not to stop by and oogle at books when I am around these places. Buying a book is a temptation I find hard to resist.
I read autobiographies, and biographies because I love to be in the company of great men and women who have inspired generations. I read business and management books so that I can implement the best practices at work. I love to read psychology and human behaviour, because I value people and beleive in building strong relationships. I read religion and study spirituality, to understand. I read because I like to lose myself in the book. I read because there’s always something new to learn. I read because the world is changing faster than I can imagine. I read because it inspires me to write.
Living a complete and balanced life depends on making good use of the knowledge that we accumulate. We are constantly and subconsciously guided by the information we consume.It is because of reading books, that I have been able to set and achieve goals that have made a positive difference in the multi-facated wheel of my life. It is the habit of reading that has transformed me, my life, my thoughts, my personality, my work, my relationships, my beliefs, my values and my choices.
Above all, I read because I wish and pray that Maahir and Shourya will read. My books will be the greatest wealth that my children will inherit.
The word “Guru” is derived from the root words “Gu”, which means darkness or ignorance, and “Ru”, which means light or knowledge The Guru is the one who guides us in our journey from darkness to light. The Guru is the experience of Truth (God).
I had always known about the ten Sikh Gurus, the first of whom was Guru Nanak, and the last Guru Gobind Singh. It was only recently, when I read the book “The Lives And Teachings of The Sikh Gurus”, by Harsh Dhillon, that I learned that there are not ten, but eleven Sikh Gurus, ten human and one eternal. The eleventh and eternal Guru of the Sikh religion is Sri Guru Granth Sahib.
I share this note on the eve of on Guru Nanak Jayanti, as an expression of the faith and belief in God that I have been blessed with after reading about the lives and teachings of the Sikh Gurus.
The story of the Sikh Gurus, is that of compassion, selfless service, valour and incomparable noble sacrifices. Each one of the ten human Gurus represents a divine attribute:
Ten-Sikh-Gurus
Guru Nanak – Humility
Guru Angad Dev- Obedience
Guru Amar Das — Equality
Guru Ram Das – Service
Guru Arjan Dev – Self-Sacrifice
Guru Hargobind – Justice
Guru Har Rai – Mercy
Guru Harkrishan – Purity
Guru Tegh Bahadur – Tranquillity
Guru Gobind Singh – Royal Courage
The history and the significance of the eleventh Guru, Sri Guru Granth Sahib is explained in the following text.
The first holy book of the Sikhs, now known as the Adi Granth, was complied on the behest of Guru Arjan Dev, the fifth Guru as an authentic collection of all the teachings and hymns composed by the first five Gurus. The hymns written in the Gurumukhi script, were composed for singing by the Sangat (religious gathering) and each Guru had indicated the Raag (musical tone) in which the composition was to be sung. The hymns in each Raag group were arranged in the chronological order of the Gurus. At the end of the book Guru Arjan Dev included the compositions of Hindu and Muslim saints such as Kabir, Ravidas, Namdev, Farid and others. The Granth was installed with great ceremony in the HarMandir Sahib, the holiest Sikh temple located in Amritsar. Later, Guru Gobind Singh, the tenth Guru, made the last addition to the Granth, including the 115 hymns written by Guru Tegh Bahadur.
Change of leadership always creates conflicts and disagreements. To avoid these wrangles and rivalries in the future, Guru Gobind Singh decided that after him there would be no Guru in flesh and blood. The tenth Guru announced, “Sabh Sikham kau hokum hai, Guru manyo Granth” (“We command all Sikhs to hold the Granth to be the Guru”). The holy book then became known as the Sri Guru Granth Sahib.
Sri Guru Granth Sahib
The Guru’s followers came to him to seek guidance in matters of religion and spirituality, and for advice regarding their day to day problems. All the teachings that the Sikhs needed would be got from the Granth which must be regarded as the permanent Guru; an unchangeable point on which they could focus their devotion and from which they could gain spiritual strength. For the day to day matters, the Sikhs could take help from the elected members of the community, known as the panth (panchayat). Guru Gobind Singh said, “Where there are five, there am I, where the five meet they are the holiest of the holy.”
For Sikhs, “Sri Guru Granth Sahib” is the living embodiment of the Guru, and is regarded with the utmost reverence and respect wherever it is found. The Sikhs bow to the Granth when they come into its presence. The sacred verses of Sri Guru Granth Sahib are called Gurbani. In all gurdwaras (place of religious worship of the Sikhs) and many Sikh homes, the Granth is read every day. No Sikh ceremony is regarded as complete unless it is performed in the presence of the Guru Granth Sahib. On a daily basis, Sikhs receive a hukam or divine order in the form of a hymn from the Guru Granth Sahib, either in a Gurdwara or at home. The hukam is the first hymn of the holy book from the left hand page when it is opened at random. Similarly, at the end of a service, after the ardas (Sikh prayer), the Adi Granth is opened at random and a portion is read. Many Sikhs do this daily, regarding the verses as words from God which they will find helpful during the day. This is called vak lao, taking advice.
On special occasions, the Granth Sahib is recited non-stop from cover to cover by a string of readers. This continuous reading of the Guru Granth Sahib is known as an akhand path. It is regarded as the highest and the noblest ceremony in the Sikh religion, and can be performed on any important occasion. It requires nearly 48 hours completing the continuous reading. A saptahak path is a daily reading of Guru Granth Sahib to be completed in seven days. It is sometimes undertaken in private homes as a mark of supplication on special occasions. A sehaj path is a reading of Guru Granth Sahib that can be completed at any length of period beyond seven days.
Guru Granth Sahib remains as a permanent unchangeable guide for all Sikhs as a living Guru or Teacher. It is a representation of the undaunted strength of the Sikh community. Guru Arjan Dev preferred a martyr’s death to saving his life through making alterations in the hymns as required by Emperor Jahangir. Anyone can open the pages of the Guru Granth Sahib and find strength and guidance through His Word: “The Guru is now always with me” (Guru Arjan, Raag Asa)
Written and Compiled by – Jayesh R. Tekchandaney, tekchandaney@gmail.com
Sources and Acknowledgements
“The Lives And Teachings of The Sikh Gurus”, by Harsh Dhillon
Introduction to Sikhism, http://fateh.sikhnet.com/s/SikhIntro
Sri Guru Granth Sahib, http://www.sikhismguide.org/granth.aspx
“There is but One God, The Supreme Truth; The Ultimate Reality, The Creator, Without fear, Without enemies, Timeless is His image, Without Birth, Self Created, By His grace revealed.”
Guru Nanak, the founder and the first Guru of the Sikh community taught people how they could live good, simple lives which would bring them closer to God. The following is the gist of Guru Nanak’s thoughts and teachings.
Teachings of Guru Nanak
God – God is the essence in all of Nanak’s teachings. Guru Nanak believed that there is only one God, and that God is without form; God is neither born and so cannot die; God is Truth, so to behave in an untruthful manner would be to go against God.
Religion – Guru Nanak believed that true religion is a way of life. He was against the rites and rituals. He believed that when we worship God, it is not necessary to deify pictures or statues, as God is without form.
Guru – Nanak stressed on the importance of the Guru in a common man’s life. The Guru would help the disciple to understand God and to love him; the disciple must obey the Guru and follow his teachings and instructions with complete and unquestioning faith.
Prayers – It is only through our good deeds and actions that we can come close to God. True prayers are good actions and good deeds to others.
Leading Life – Guru Nanak taught that it is essential for every man to perform the duties of a householder – earning a living, getting married, bringing up one’s children, taking care of the parents, contributing to the society. He believed that there was no real good in giving up the world and living an isolated life. Instead man must live in equanimity and purity amongst the impurities of the world. He summed up this way of life by saying that people should work honestly, pray sincerely and be charitable.
Equality of Humans – Nanak did not believe in the caste systems. The crux of his teaching is “Equality of Humans”, without distinction of religion or creed. Guru Nanak preached that all his followers must sit together, without consideration of their wealth, social status or their caste, and became one united sangat by praying together and taking part in kirtan. The langar, a free kitchen in which food is served to all those who come to seek the blessings of the Guru, is the most visible representation of equality of humans.
Guru Nanak said, “We must be firm in our faith, our hearts must be clean, we must not have any greed or pride. We must not be troubled by life or death. We must accept the will of God. We must be unselfish and kind to all.”
Written and Compiled by – Jayesh R. Tekchandaney, tekchandaney@gmail.com
Sources and Acknowledgements
“The Lives And Teachings of The Sikh Gurus”, by Harsh Dhillon
“If I have seen far, it is because I have stood on the shoulders of Giants”. God has been kind. I feel blessed to have been born in a wonderful and loving family; to have the best of education, and teachers who have touched moved and inspired; friends who have always stood by my side and encouraged; and colleagues who are supportive.
The one thing that has made a difference to my life, it is the habit of setting goals and an unwavering faith is Paul Meyer’s quote, “Whatever you vividly imagine, ardently desire sincerely believe and enthusiastically act up on must inevitably come to pass.”
“Whatever you vividly imagine, ardently desire sincerely believe and enthusiastically act up on must inevitably come to pass.”
Life was pretty much usual and routine, until one evening in the year 2006, when I met up with my childhood buddy, Vivek Savla. Vivek attended a program on Leadership and Management, and shared with me his learning. He asked me what my goals were. The first thing that came to my mind was about our manufacturing business, and I told him that my goal was to achieve a certain number in business, work hard, to be the best in the field. What else? he asked. I said I wanted to be happy, have a great life, have lots of money, take care of the family. He looked up to me and said, who doesn’t want that? That’s not a goal. That’s wishful thinking.
Honestly, I was lost, I really didn’t know nor did I understand what my goals were. Like me, many of us don’t realize the importance of goals. We don’t have goals because we don’t know how to set them. Often, it is the fear of failure that stops us from setting our goals.
Imagine watching a football game, with 2 teams and 22 players on the field playing the game – a football game with no goal posts. Imagine leading a life, where each day all that we do is get up in the morning, have breakfast, go to work, come home, watch television and go to sleep; wishing and hoping that tomorrow things will get better for us. But that seldom happens, and will not until we take control of our lives and our goals. It was that evening with Vivek, that I learned the greatest lesson of my life – “Set Goals”.
Goals give a sense of meaning and purpose to our life. Goal setting, along with careful planning provides a sense of direction to keep us focused on what we want and to work towards its achievement.
Our life has many facets – all of these can be classified in 6 major areas; personal, professional, spiritual, physical and mental, family and social, financial. For a meaningful and successful life, we should set goals in all of these areas.
For example, my personal goal is be a bestselling author, a motivational speaker, and coach. My professional goal is to take our company to a leadership position in the field of mixing equipment in India and across the world. My spiritual goal is to remain calm and My Goals – 2015 at all times; my physical goal to maintain health and fitness levels so that I can run the marathon at any given time;, my social goal is to touch, move and inspire all those who look up to me and to make a positive difference to their lives by sharing my blessings. To be honest, my reason for me sharing this with you today is to work towards achieving my personal and social goals.
Written goals are the seedbeds of accomplishment. The important thing while setting goals is that you need to write them, because writing your goals forces you to crystallize and clarify your thinking. It is said that the human mind has more than 60,000 thoughts each days. Writing down the thoughts which matter, helps you focus on what is necessary and keeps you on course. Written goals form the basis of measuring progress. Written goals produce motivation. Written goals form the basis of an action plan. Above all, written goals stimulate visualization.
Goals to me are SMART dreams. By SMART, we me Specific, Measurable, Achievable, Realistic and Time Bound. A goal has be specific, it has to be clearly defined. A goal has to be quantifiable – something that can be measured, it has to be achievable and attainable within a lifetime, it has to be realistic – something that can be experienced in reality. Above all, the goal is a dream with a deadline for achievement. It is time bound.
How then do you set goals and write them? When you begin to set goals, write down your dream list. A dream list will have everything that you wanted to have – a loving family, a big house, promotion at work, more money; a dream list will have everything you would like to do – grow you business to the next level, enjoy a vacation at your favorite destination. Just write down everything that you would like to have and do, as if there are no limitations at all.
Once you have written your dream list, you need to write them down as your SMART goals.
For example, my dream is to have a BMW car. But my SMART goal is “To drive my own BMW, 5 Series, White Color, by December 22, 2017”. Specific, Measurable, Achievable, Realistic and Time Bound.
I am often asked, “If it was so easy, why don’t most people achieve their goals?”
The answer to this question is explained in my favorite quote, by Paul Meyer, “Whatever you vividly imagine, ardently desire, sincerely believe and enthusiastically act up on must inevitably come to pass.”
The starting point of attainment of all goals is having an ardent desire. Your desire for the goal must be so intense that it will energize you to take action. It will give you the inner strength and drive to overcome any obstacle that lies between you and your goal.
The greatest obstacle that lies between you and your goals, is your lack of self belief. For achieving your goals, you need to believe in yourself and in your abilities. To overcome the negative thoughts and emotions that may crop in, you need to take complete responsibility for your situation. Once you accept total responsibility for your life, there are no limits on what you can be, do or have. Every step that your take with responsibility towards your goals builds your belief that you can set and achieve even bigger goals in the future.
Often people set goals, but don’t achieve them. This is because they don’t take the action required to achieve to goals. The most important aspect of achieving your goals is taking action, with enthusiasm. Having set your goals, you need to create an action plan for their achievement. You need to prioritize your goals, make a list of all tasks that have to be completed for accomplishing the goal, schedule time and set deadlines, create measures and standards to track progress, build the competency and skills required for achieving the goals, exercise self-discipline, identify obstacles and their possible solutions, identify people, groups and organizations who can help you in achieving your goals. Work hard to achieve your goals. There is no substitute to hard work. Action with Passion, Patience and Persistence is the key to achieving your goals.
My personal experience is that when you are absolutely clear about your goal, you do not even need to know where and how to achieve it. By simply deciding what you want, you will begin to get attracted towards your goal and your goal begins to move towards you.
Set Goals and take charge of your life. I’ll be happy to have achieved my goal through your’s.
God Bless
A young mother set her foot on the path of life. “Is this the long way?” she asked. God replied: “Yes, and the way is hard. And you will be old before you reach the end of it.But the end will be better than the beginning.”
The young mother was happy, but she would not believe that anything could be better than these years. So she played with her little children,gathered flowers for them along the way, bathed them in the natural streams as the sun shone on them. “Nothing will ever be lovelier than this,” she said to God.
Then as the dark stormy night came, her children shook with fear and cold. The mother drew them close and covered them with her mantle, and the children said, “Mother, we are not afraid for you are near, and no harm can come.”
And then morning came, and there was a huge mountain ahead. The children climbed and grew weary. The mother was weary too but at all times she encouraged her children,” A little patience and we will be on top.” So the children climbed, and when they reached the peak they said, “Mother, we would not have done it without you.”
The mother looked at the night sky and as she gazed the stars she thought, “This is a better day than the last, for my children have learned fortitude in the face of hardness. Yesterday I gave them courage. Today, I ‘ ve given them strength.”
And the next day, came angry clouds which darkened the earth. Clouds of war, hate and evil. The children groped and stumbled, and the mother said: “Look up. Lift your eyes to the light.” And the children looked and saw above the clouds an everlasting glory. It guided them beyond the darkness. And that night the Mother said,”This is the best day of all, for I have shown my children God.”
Days went by, weeks passed, and then months and years. The mother grew old, feeble and bent. By then, her children were tall and strong, and walked with courage. When the way was rough, they lifted her, for she was as light as a feather; and at last they came to a hill, and beyond they could see a shining road and golden gates flung wide.
The mother said,”I reached the end of my journey. And now I know the end is better than the beginning, for my children can walk alone, and their children after them.”
Her children said, “You will always walk with us, Mother, even when you have gone through the gates.”
They stood and watched her as she walked alone, and the gates closed after her. And they said: “We cannot see you, but you will always remain with us.”
Your Mother is always with you…. She’s the whisper of the leaves as you walk down the street; she’s the smell of bleach in your freshly laundered socks; she’s the cool hand on your brow when you’re unwell.
Your Mother lives inside your laughter. She’s crystallized in every teardrop. She’s the place you came from, your first home; She’s the map you follow with every step you take. She’s your first love and your first heartbreak.
Nothing can separate you from your mother. Not time, not space… not even God!
