Tag: GCCI

Business

GCCI Hosts Seminar on Landmark GST 2.0 Reforms in Presence of Goa CM Dr. Pramod Sawant

Tanisha Cardozo

The Goa Chamber of Commerce & Industry (GCCI) organized a landmark seminar on the newly announced GST 2.0 Reforms on 8th September 2025 at the Surendrababu Timblo Convention Hall in Panaji, Goa. The event was held in the backdrop of major tax reform decisions taken during the GST Council meeting on 3rd September 2025. Hon’ble Chief Minister of Goa, Dr. Pramod Sawant, was the Chief Guest for the seminar, while Shri Sarpreet Singh Gill, IAS, Commissioner of SGST Goa, graced the occasion as the Guest of Honour.

In her welcome address, GCCI President Mrs. Pratima Dhond termed the reforms as a momentous step for India’s indirect tax landscape. She highlighted the shift to a simplified two-slab GST structure of 5% and 18%, with a special 40% slab for luxury and sin goods. These changes, she noted, would stabilise tax administration, encourage compliance, and reduce litigation. The rollout of the long-awaited GST Appellate Tribunal was also cited as a significant step toward improving trust and ease of doing business.

Mrs. Dhond emphasized the wide-ranging benefits of the reforms: reduced compliance burdens for MSMEs, lower tax on essential goods for households, affordability in healthcare and insurance, and sectoral relief for farmers and artisans. She praised the government’s balanced approach to revenue while promoting inclusive economic growth.

GCCI’s Honorary Secretary, CA Rohan Bhandare, opened the session by underlining the historic nature of the reforms. He noted the symbolic significance of 3rd September 2025—not only as the day GST 2.0 was announced but also GCCI’s 118th Foundation Day. He acknowledged that many of the reforms aligned with GCCI’s long-standing recommendations, while urging adequate support during the transition given the tight implementation timeline.

Guest of Honour Shri Sarpreet Singh Gill, IAS, highlighted the contribution of Goa’s Chief Minister in building consensus at the GST Council. He praised Dr. Sawant for his proactive leadership in both GST and VAT reform deliberations.

In his keynote address, Chief Minister Dr. Pramod Sawant outlined the core decisions under GST 2.0. These included 90% upfront refunds for exports and inverted duty structures, simplified registration processes for small and e-commerce businesses, and the establishment of the GST Appellate Tribunal (GSTAT). He stressed that these reforms were designed to support MSMEs, exporters, and sectors like tourism and agriculture, which are crucial to Goa’s economy.

Dr. Sawant encouraged businesses and professionals to proactively transition to the new framework by updating systems, revising contracts, and aligning with compliance requirements. He reaffirmed the Goa government’s commitment to supporting industry through the transition and congratulated GCCI for its role in policy advocacy and thought leadership.

To commemorate the dual milestone of GCCI’s Foundation Day and GST 2.0, a special brochure titled “A Historic Convergence on 3rd September 2025” was unveiled by the Chief Minister.

The seminar concluded with a technical session. CA Gaurav Kenkre presented an overview of GST 2.0 proposals, followed by a panel discussion featuring Mr. Vishant Gaunekar, Additional Commissioner SGST Goa, and CA Gaurav Kenkre, moderated by CA Yatish Pai Vernekar, Co-chair of the Taxation & Financial Services Committee. The panel addressed emerging compliance issues, passing on rate reduction benefits, transitioning to the non-ITC regime, and key action points for industry.

An engaging Q&A session followed, allowing participants to gain deeper insights. The Vote of Thanks was delivered by CA Atindra Prabhu Bhatikar, with the event coordinated by Shri Kiran Ballikar, Director, GCCI.

This seminar marked a pivotal moment for Goa’s trade and business community, as it aligns with national reforms and reaffirms GCCI’s 118-year legacy of driving growth and advocacy.

Finance

GCCI Applauds Historic GST Reforms Aimed at Economic Growth and Social Inclusion

Tanisha Cardozo

The Goa Chamber of Commerce & Industry (GCCI), under the leadership of its President Ms. Pratima Dhond, has expressed strong support for the sweeping Goods and Services Tax (GST) reforms announced at the 56th GST Council Meeting. These reforms, hailed as one of the most progressive steps in India’s tax history, aim to simplify the indirect tax structure while promoting inclusive economic growth.

The introduction of a simplified two-slab GST structure — with rates of 5% and 18% — accompanied by a special 40% slab for luxury and sin goods, is expected to bring stability and clarity to the tax regime. GCCI believes this will lead to improved compliance, reduced litigation, and heightened investor and consumer confidence.

Among the most lauded aspects of the reform is the complete removal of GST on all individual life and health insurance policies — a move expected to increase affordability, boost insurance penetration, and strengthen the country’s financial safety net. GCCI considers this a landmark development towards financial inclusion and social security.

In the healthcare sector, the exemption of GST on 33 lifesaving drugs, and reduced rates on others including medical equipment, is expected to reduce the cost burden on citizens and enhance accessibility.

MSMEs, which form the backbone of India’s economy, stand to benefit significantly from reduced compliance burdens and lower tax costs. This boost to competitiveness could further energize employment and innovation in the sector.

The reforms also provide considerable relief to farmers and workers in labor-intensive industries. Reduced GST on tractors, farming equipment, textiles, leather goods, marble, and handicrafts is aimed at reviving rural and artisanal economies.

For households and the common man, daily-use products like soaps, hair oil, milk products, tea, coffee, namkeens, and bicycles now fall under the 5% or NIL tax bracket, improving affordability and encouraging consumption. This is expected to increase demand for discretionary and aspirational products including consumer durables, automobiles, and home appliances — potentially adding 20 to 50 basis points to GDP growth.

The operationalisation of the long-awaited GST Appellate Tribunal is expected to reduce legal disputes and foster ease of doing business. GCCI noted that the reforms address both industry concerns and public needs, maintaining a thoughtful balance. While the government may incur a revenue loss estimated between ₹0.7 to ₹1.8 trillion annually, this is offset by the continued application of the 40% GST rate on luxury and sin goods such as pan masala, aerated drinks, and tobacco.

GCCI President Ms. Dhond summed up the mood, stating, “This across-the-board reform is not only pro-business and pro-consumer, but also pro-society. By making insurance and healthcare affordable, while boosting consumption and competitiveness, the GST reforms will go a long way in strengthening India’s economic growth and socio-economic fabric of our nation.”

These reforms mark a turning point in India’s economic journey — blending fiscal prudence with inclusive growth.

Business

GCCI Celebrates 117 Years of Shaping Goa’s Economic Landscape

Tanisha Cardozo

The Goa Chamber of Commerce & Industry (GCCI), established on 3rd September 1908, proudly celebrates 117 years of unwavering service to Goa’s economy. As one of India’s oldest regional chambers, GCCI has been a constant in the state’s transformation—from the Portuguese colonial period to post-liberation development. Over more than a century, it has consistently advocated for pro-business policies, strengthened Goa’s industrial base, and nurtured its social fabric.

Under the leadership of its first-ever woman President, Mrs. Pratima Dhond, the Chamber steps into its 118th year with renewed energy and direction. Throughout its journey, GCCI has been a dynamic bridge between businesses and government, influencing policy, infrastructure, and institutional development. Its contributions span diverse sectors including trade, tourism, shipping, mining, manufacturing, IT, and sustainability.

Central to GCCI’s mission is support for micro, small, and medium enterprises (MSMEs)—the bedrock of Goa’s economy. Through mentoring, training workshops, and strategic partnerships with institutions like GIM and EDC, the Chamber has built a thriving entrepreneurial ecosystem. Its Women’s Wing continues to empower women-led enterprises through signature events such as Asturi and Business Diva. Initiatives like the ‘Leaders@GCCI’ series have brought national thinkers to the state, encouraging dialogue that connects local challenges to global trends.

GCCI is also deeply invested in sustainable business practices and has played a proactive role in aligning academic programs with industry needs. A notable initiative is the launch of the B.Com (Retail) course at S S Dempo College, enabled by GCCI’s Retail Committee, highlighting its commitment to skill development.

Among its milestone contributions, GCCI’s involvement in formulating the Goa IT Policy and supporting infrastructure like the Manohar International Airport at Mopa has been pivotal. Through MoUs with international chambers, GCCI continues to foster global business linkages and knowledge exchange.

As it moves forward, GCCI remains committed to driving inclusive and sustainable growth. With a focus on women-led enterprises, innovation, and strategic collaboration, the Chamber reaffirms its role as a key driver of Goa’s progress and a symbol of enduring leadership.

Awards

GCCI & KDNMT Announce Pride of Goa Awards 2025

allycaralgoa

The Goa Chamber of Commerce & Industry (GCCI) in collaboration with the Kashinath Damodar Naik Memorial Trust (KDNMT) has announced the recipients of the Pride of Goa Awards 2025. Instituted to celebrate Goans who have made significant contributions to business and industry, the awards honour both legacy and innovation in leadership.

For 2025, two distinguished personalities have been selected:

  • Lifetime Achievement Award: Ms. Anju Timblo, Managing Director & CEO of Fomento Resorts and Hotels Pvt. Ltd. A trailblazer in Goa’s hospitality sector, Ms. Timblo has led iconic establishments like Taj Cidade de Goa Heritage and Taj Cidade de Goa Horizon. Her contributions extend to education, culture, and community development through initiatives such as the Fomento Education and Charitable Societies.
  • Entrepreneur Award: Mr. Sachin Lawande, President & CEO of Visteon Corporation. Hailing from Taleigao, Mr. Lawande is among the few Goans to achieve global recognition in the corporate world. Under his leadership, Visteon has transformed automotive technology, driving innovations in hybrid and electric powertrains while partnering with leading automakers worldwide.

The Pride of Goa Awards Ceremony is scheduled for December 2025 at Gomant Vidya Niketan, Margao, with eminent journalist Mr. Vikram Doctor as the keynote speaker.

The awards, instituted in memory of Late Kashinath Damodar Naik—a renowned businessman, historian, and philanthropist—seek to spotlight the achievements of Goans who embody excellence and inspire future generations.

👉 Stay connected with Allycaral for more updates on the Pride of Goa Awards 2025.

Events in Goa

LeadHERShip 2025: Empowering Goa’s Women to Lead, Inspire, and Achieve

Tanisha Cardozo

On a rainy Tuesday evening, the Surendrababu Timblo Convention Hall in Panjim was filled with determination and drive as the Women’s Wing of the Goa Chamber of Commerce & Industry (GCCI) hosted LeadHERShip 2025.

This inspirational event, held on August 18, 2025, was not just a seminar—it was a powerful platform dedicated to empowering women to rise as leaders, mentors, and entrepreneurs in the Goan community and beyond.

Welcoming attendees to the program, Ms. Sandra Fernandes, Chairperson of the GCCI Women’s Wing, described LeadHERShip as more than a leadership initiative—it’s a movement. Applauding the audience for showing up despite the monsoon rains, she highlighted the collective commitment to advancing women’s roles in business, leadership, and society.

The event’s Chief Guest, Ms. Pratima Dhond, President of GCCI, emphasized the importance of women exploring leadership and entrepreneurship as viable, fulfilling career paths—encouraging them to look beyond conventional government roles and envision a future of impact and innovation.

The program featured engaging and practical sessions led by industry professionals and mentors:

  • “How to Start a Business” – Mr. Tushar Sawant from FiiRE offered practical insights into launching a startup in today’s market.
  • “Entrepreneurship & Its Benefits” – Delivered by Ms. Pallavi Salgaocar, Mentor of the GCCI Women’s Wing, this session inspired attendees with stories of successful women entrepreneurs and the long-term impact of self-driven ventures.
  • Mock Interview Session – Led by Ms. Simran Dhond, this interactive session helped participants improve their job-readiness and interview skills.
  • Mentorship Insights – Ms. Gouri Joshi guided attendees on the value of mentorship, both as mentors and mentees, in personal and professional growth.

The event ran smoothly thanks to the dedication of the Women’s Wing Committee and the GCCI team. It was beautifully compered by Ms. Nandita Dayal, with speaker introductions by Ms. Swatee Rane, Ms. Adbrona Valadares, and Ms. Clare De Souza.

Ms. Poonam Ajgaonkar, Co-Chairperson of the Women’s Wing, delivered a heartfelt vote of thanks, while the entire event was coordinated efficiently by Ms. Melane Rodrigues, Assistant Director, GCCI.

LeadHERShip 2025 wasn’t just a day of talks—it was a celebration of women’s ambition, resilience, and leadership. It gave attendees the tools, motivation, and community support needed to take their next steps—whether into entrepreneurship, leadership, or mentorship.

As Goa continues to shape a more inclusive and dynamic business ecosystem, events like LeadHERShip play a critical role in bridging the gap between aspiration and action.