Thane Small Scale Industries Association (TSSIA) and Chamber of Small Industry Associations (COSIA), in association with Lakshmikumaran & Sridharan Attorneys (LKS), organised a seminar on “GST – Next Gen Reform: Navigating the new era of Rate Rationalization, GSTAT and beyond” on 16th September 2025 at Thane.
The programme began with a Welcome Address by Mr. C. S. Shetty, EC Member of TSSIA, followed by an Opening Address by Mrs. Sujata Soparkar, Immediate Past President of TSSIA.
The highlight of the event was the presence of Mr. Sanjay Kelkar, Hon’ble MLA of Thane, as the Chief Guest. He addressed the gathering on the significance of the latest GST reforms and shared his views on the impact of the upcoming changes for trade and industry.
The technical sessions were conducted by Mr. Nirav Karia (Partner, LKS) and Mr. Jayesh Talreja (Associate Partner, LKS). They explained in detail the key aspects of the recent GST rate rationalization effective from 22nd September 2025, the operationalisation of GSTAT, and landmark judicial decisions shaping the GST framework.
Key topics discussed included:
- Pricing & MRP strategy, discounts, promotional schemes and dealer margins
- Passing of GST benefits to customers – mandatory or optional?
- Stock compliance, margin changes and credit notes
- Supply chain optimisation, inverted duty structures and accumulated ITC
- Business reorganisation and litigation strategy
- Sector-specific impact on FMCG, textiles, footwear, pharma, auto, healthcare and other industries
The seminar witnessed active participation from industry members. Attendees appreciated the practical takeaways provided for tax planning, risk mitigation, and preparedness for the upcoming GST changes.
