October 2018

Recently a Corporate Connect session was held at our Globsyn Knowledge Campus on Goods and Service Tax (GST) where Ms. Shivani Shah, CA, and owner of Shivani Firm and Associates had an interactive session with the MBA students of Globsyn Business School.The nuances of the topic discussed in the session are written below:India’s biggest indirect tax reform in the form of Goods and Services Tax (GST) was introduced in India from 1 July 2017. The idea of GST was mooted long back in the year 2006-2007 which took concrete shape by being passed in the Parliament on August 8, 2016. The benefits of GST are as follows:Easy for Tax payer and assessee To avoid double taxation- cascading effect has been eradicated by this Uniformity of tax Concept of CST is no more presentGST has replaced most of

The students of Globsyn Business School's Post Graduate Programme in International Business (PGPIB) recently visited Lincoln University, Malaysia as part of their International Business curriculum.Day of Arrival: 19th August, 2018 (Sunday) We reached our respective hostels in the morning. At around 5 pm local time, all of us went to KL tower complex for city tour. Day 1: August 20, 2018 (Monday)1st Half:A brief description of the Lincoln University and a corporate presentation was shown to us, followed by Dr. Amiya Bhowmick's session, the Vice Chancellor and CEO of Lincoln University College. He highlighted on the following points:Identifying oneself as more than an ordinary person, like an Entrepreneur or a CEO Listening to things carefully Understanding things and trying to implement ideas that might help and contribute to the society Trying to enhance the soft skills which contribute to almost 80% of

Indian Mythology in Modern Business Management is evident in today's business transactions across the world. What is business? Is it not an exchange of valuable things? A sort of ‘barter system’ practiced from ancient days of yore? In the ancient times, Indians used to do Yagnas (rituals) to please Devtas (Gods). In his book titled ‘Business Sutra’, famed story teller and interpreter of ancient Indian scriptures, Devdutt Pattanaik tries to relate myths and rituals to modern-day business practices. “The yajaman initiates this ritual, makes offerings into agni (fire burning in the altar), exclaiming, 'svaha' (this of me I offer), hoping to please his chosen deity or devta, who will then hopefully give him whatever he desires, exclaiming 'tathastu' (so it shall be)”. In today’s modern day management scenario, a corporate or an entrepreneur business venture can be interpreted as an ‘agni-kunth’ where the founder invests his money, time and energies. These tangible

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