Vol 3 | Issue 3 | July 2016

FROM THE EDITOR’S DESK
This issue of Samvaad focuses on the various aspects of Goods and
Services Tax (GST) and its implementation in India. The GST is the biggest
indirect tax reform in India since 1947 and aims to transform India into a
uniform market by subsuming all the indirect taxes and by breaking the
current fiscal barrier between states. A uniform GST across the country
will remove the cascading effect of various taxes and improve the ease of
doing business by creating a seamless national market. It will result into less
paperwork and hopefully will translate into a lower tax burden by removing
distortions from the system. With the bill being discussed in the parliament since 2009, and with the
great momentum built over the years, it is high time that all parties arrive at a consensus to pass the
bill. Any further delay in GST’s implementation may impact India’s industrial growth and send wrong
signals to global investors keen to invest in world’s fastest growing major economy.
Adding to the momentum of research activities at IBS Gurgaon, the last quarter (April-June)
was a time for faculty members to focus on their research work, share their progress, learn from
each other and get inspired. A series of faculty research seminars were organised where 12 faculty
members took the initiative to present their research findings with the faculty group at IBS Gurgaon.
It was an opportunity to feel proud of the expertise and competencies of institute’s highly diverse
and experienced pool of committed faculty members.
Convocation Ceremony for the Class of 2016 saw eminent guests from the industry sparing
time to address and motivate our young leaders to step into the corporate world with confidence
and determination. The knowledge and skills acquired by them at IBS during the last two years will
certainly be instrumental in shaping their careers.
IBS Gurgaon welcomed the new class of 2018 with much enthusiasm and cheerfulness.
Orientation and induction classes were held to bring all students on a common learning platform.
It was encouraging to see students coming in large numbers to attend the very first session on the
campus. Their eagerness and quest for learning was obvious during the orientation classes and I
am sure will continue during the regular classes as we constantly endeavour to provide intellectual
stimulation through discussions, debates and experiential activities.
I am happy that this issue of Samvaad brings out the debate surrounding GST and includes
carefully selected faculty and student articles on the theme along with regular columns of Campus
Buzz, Faculty Forum, Interaction With, Celebrity Watch, Alumni Success Story and Book Review. I
invite all readers to explore the contents and share with us ways and means to enhance the impact
of Samvaad.
Happy Reading!
Dr. Shalini Khandelwal | Associate Dean (Research), IBS Gurgaon
E-mail : shalinik@ibsindia.org
“Little else is requisite to carry a state to the highest degree of opulence from
the lowest barbarism but peace, easy taxes, and a tolerable administration of
justice: all the rest being brought about by the natural course of things.”
Adam Smith
2 SAMVAAD | Vol. 3 | Issue 3 | JULY 2016