PACT’s general Meeting in Patiala

A meeting of PACT was held in Patiala which was very well hosted by PACE. The meeting was chaired by Sanjeev Walia, President of PACT and representatives from member associations from Ludhiana, Jalandhar, Bathinda, Amritsar, Chandigarh, Hoshiarpur and Sangrur participated.  D S Walia welcomed all the dignitaries to begin the proceedings. There are many issues which partners are facing now days, so to sort out them this meeting is arranged.

Following are the issues which were discussed:

Logistics issue

Rahul Garg from Sangrur explained about the logistics issue being faced by the Dealers all over the state. Gurpreet Singh from Ludhiana, D S Walia from Patiala and other members also contributed their inputs as per their experience. After a detailed discussion it was decided to have PACT Memorandum of Understanding to be signed with the main Logistics players operating in the state so that the interest of the dealers may be safeguarded and a policy may be followed for reimbursement in the event of default, breakage, loss or non delivery of the material due to any reason whatsoever.

A Logistics committee was formed for framing a policy on this having following members- Gurpreet Singh from Premier Ludhiana will head while Rahul Garg from Sangrur, D S Walia from Patiala and Gurpreet Singh Jagdev will be the other members of the committee and the MOU will be finalized under the guidance of Sanjiv Walia and Gurpreet Singh Sunny, Chairman of PACT.

Profitability

A point was raised by some members to ensure proper profitability of dealers as otherwise also due to sluggish business; the dealers were facing pressure to survive. The dealers were advised to operate on CDC. It was also decided to ask companies not to resort to pressure billing from their side which results in further discounting on selling prices.

GST

As India is gearing up for the major taxation transformation towards GST, an open session was held to clear the doubts on GST implementation in IT trade and its after effects. Sulalit Gupta from Chandigarh answered various queries and he asked all the dealers to be well aware about the new taxation system while moving from traditional tax regime to GST. Many Do’s and Don’ts were also discussed.

It was decided to hold a big seminar in Ludhiana in association with the sales tax department to educate the IT dealers of Punjab and Chandigarh.

The meeting ended with food served by the hosts.  Inder Mohan Bhaskar, Sr Vice President thanked the hosts for the nice arrangements for the meeting.