DEPARTMENT OF COMMERCE

On 20th September 2024, the Department of Commerce at DAV P.G. College organized a guest lecture,  the guest for the program was Prof. Ashutosh Mohan from the Institute of Management Studies, Banaras Hindu University, Varanasi. Prof. Mohan delivered an insightful talk on the theme “Career Opportunities for Commerce Students.” During the session, he explored various career paths that commerce students can pursue in their professional journey. He also provided valuable insights into emerging fields like artificial intelligence and cloud computing, highlighting their growing relevance in the commerce sector. The discussion was engaging and beneficial for both students and faculty members. Prof. V.N. Dubey, Head of the Department of Commerce, along with Dr. Rahul, Dr. Sanjay Sah, Dr. Shruti Aggarwal, and other faculty members, were present at the event.

A workshop on Digital Marketing was organised on 28-29 November, 2023 by Department of Commerce and Risk and Insurance Management, DAV PG College in collaboration with Digital Vidyapeeth. The Guest of Honour was Mr. Paritosh Tripathi AKA Digital. Mr. Paritosh is the founder of Digital Vidyapeeth and also heads the DigiPerform at Varanasi (A Digital Marketing Training Institute). He has over 13 years of experience in the field of IT & Digital Marketing. Previously, he has worked with companies like Google, Hindustan Times, Jetking and few more. Head of Department Dr. V.N, Dubey formally welcomed the guest by presenting a bouquet. Dr. Sonal Kapoor introduced the guest and invited him for further deliberations. Mr. Tripathi explained about the various concepts of Digital Marketing and elaborated various terms such as Affiliate Marketing, Remarketing, Social Media (Facebook, You Tube , Instagram Advertising), SEO, Website Development, Web designing, Graphic Designing, Domain Flipping, etc. He further focused on the difference between digital and traditional marketing and also highlighted on the various career opportunities available in Digital Marketing. Around 150 students attended the workshop. Mr. Paritosh Tripathi also explained how there has been drastic change in methods of marketing with time. Not only the business has become digital but everything sphere of life like education, health and banking has also become digital. Commerce students will have to prepare themselves to adapt to the times. According to today’s situation, skill development is very important. With the help of it the students will be recognizing new opportunities for employment and give priority to savings. Digital Marketing also results in phenomenonal increase in profit. Vote of thanks was given by Dr.Shruti Agrawal.

The objective of the com quest was to provide a new dimension and platform for the students to showcase their talents to become more innovative and curious learners and enable them to compete in the modern business and to pace with the modern world. It will enhance the innovative and managerial skills of students and make them aware of how to apply theoretical aspects to real life situation.   Commerce education plays a very important role in the changingbusiness world. It enables the students to face the market situation, to adapt themselves to the present circumstances.

National workshop on GST &Income Tax was organized by Department of Commerce (14-21 February,2023), DAV P.G College Varanasi in Collaboration with Institute of Charted Accountant of India, Varanasi Branch of CIRC. The Workshop was organized to provide practical training to the students regarding GST & Income Tax and to strengthen the knowledge of academician, scholars and businessman etc.

Department of Commerce, DAV PG College organized an Industrial visit on 2nd March, 2023 for the final year students of B. Com (Hons.) to three prominent Industries, namely: PARLE – G, Bisleri and RAS Polytex Pvt Ltd. The basic objective behind conducting such type of academic visits is to let the students understand actual industrial application and how it facilitates the development of remote rural economy.

Other important information related to the Industrial Visit is as follows:

• Total participants (Students) : 56
• All participating students were from B. Com (Hons.) final year
• Total participants (faculty members) : 10
• Industrial Visit Coordinator : Dr. Anand Singh
• Head of the Department : Dr. V. N. Dubey

Department of Commerce, DAV P.G College, had organized an Academic discussion program on the topic Union Budget 2022-23 on 3 Feb 2022. Dr. Anand Singh, the coordinator of the program welcomed all the faculty members of the department of commerce. The discussion on Budget 2022-23 was initiated by Dr. P Kamal stated that middle class people had a lot of expectations from this budget but there are no changes in the tax slab. The discussion was further continued by Dr. O.N Dubey. He stated that the budget has given due consideration to infrastructure, which is a good sign but the budget is mainly focused on the corporate sector only. Dr. S. K. Sharma said that due consideration should be given to unemployment as well but nothing is mentioned in the budget. Similarly, all the faculty members put forth their views on the said topic. Dr. P. Kamal (HOD, Commerce) gave concluding remarks. Dr. Anand Singh extended the vote of thanks.

The Goods & Services Tax (GST) launched on 1^st July, 2017 has more or less impacted every major and minor business sector in the Country. GST is comprehensive tax levy on production point to consumption point. It was hoped that implementation of Goods & services Tax (GST) will transform India’s Tax regime, making the system more transparent and put in order. Small and Medium Enterprises are the backbone / primary growth operators of our economy. In India, approximately three / four million small and medium enterprises have been operating business. GST is, as usual, applicable to almost every retail supply, affecting the cost for the end consumers.  Also it is a leading employment generating sector. Further, it enhances the tax-payer base by bringing them under its ambit as earlier most of the retailers usually escape the tax liability due to the absence of any mechanism by which their actual purchase and sale can be monitored. Still, there is a debate going on against the practice of different slabs of indirect taxes on different goods and services under GST, in public, intellectual and political groups in India. In this respect, rare grass root level studies have made regarding pros and cons of the implementation of GST in India. The present study is an effort to find out the perception of small retailer’s of Varanasi about the impact of GST on their business. In the survey work the students of B. Com (Hons.) 3^rd year of DAV PG College (Session 2022-23) have worked as ‘Investigators’ while the Faculty Members of Department of Commerce have supervised the entire work. The Research Scholars also assisted the Faculty Members in supervising the survey work. The survey work has been completed with the financial assistance provided by the College. During the survey, most of the respondents were of the view that implementation of GST has brings many benefits for the retailers like: lower taxes, provision of input tax credit, reduced complications as they can file the returns online, new promotional strategies, ideal for start-ups etc. After conducting this survey it can be concluded in the end that implication of GST by abolishing all other indirect taxes is a good initiative by the government, However, there are few grievances of the taxpayers which the GST council, as well as the Central Government, needs to immediately address. Only if the below points are taken into account with an iron hand can GST be the success it was promised to be on the mid-night of 1^st July, 2017.

1. Rationalisation with one or two tax slabs
2. Simplified procedures for filing returns
3. 100% FDI in single brand retail

In conclusion, we can say about the impact of GST on retail sector that GST has laid the path for a more organised and transparent retail sector. The loopholes are the technical glitches of GSTN Network and taxpayer’s non-compliance. The GST council can surely overcome these issues and ensure proper compliance by taking measures like educating people through social network websites as well as NGO’s. For a tax system like GST to work, government and people must be responsible and compliant. In this present era of globalisation there is a need for systematic tax system and GST will not only bring transparency but also would promote economic situation of the country. Earlier every state had its own tax rates which created a lot of confusion and complicated process and also there was increase in price of the goods. By replacing the old tax system with the new tax system will generate reduction in complexity and reduction in prices of goods. The implementation of GST in retail shops affects our everyday lives in different ways. The impact of GST on retail sector is going to be positive from taxation and operation point of view. During the implementation stage of GST, the retailers faced some complexities because they were not fully aware about GST. Sometimes consumers feel higher price for goods and services after the implementation of GST. But in certain circumstances, they will also get benefits from GST. They were relieved from earlier overall tax burden. It’s very difficult to say that whether the impact of GST is good or bad, but one thing is very clear that its implementation in retail shops helps our society work in more efficient and cost-effective manner. The fundamental of ‘ONE NATION, ONE TAX’ was created with an intention to easy tax filing, ease of doing business in other states, reduction in the prices of goods, relieving the burden of logistic overhead from small enterprises. On the contrary, it has increased the technology dependency of every enterprise, as every transaction is made online. It will take some time for the people to get used to the new taxation regime, only then will the nation start to see the fruits of ‘ONE NATION, ONE TAX’ – the GST. This is the best change which has brought a lot of change to the economy.

The Department of Commerce and RPC, DAV PG College Varanasi organised IV^th National Workshop on Statistical Techniques for Data Analysis Using Software Tools SPSS & R from June 20 to June 30, 2022. In total 54 participants attended the workshop belonging to different universities and colleges. Everyday four sessions were conducted.

The workshop began with lightening of Lamp and garlanding the idol of Maa Saraswati on June 20, 2022. The Chief Guest was Prof. Athar Ali Khan, Department of Statistics, AMU and  the special guest of honour was Sri Ajit Singh Yadav, manager DAV P.G. College. The welcome address was given by Prof. Pradeep Kamal. Dr. Rahul gave the theme presentation and vote of thanks was given by Prof. Madhu Sisodia.

The workshop intends to provide the concept of popular statistical tools like descriptive measures, regression, and inferences, etc. It also aims to provide the introduction of  two common softwares SPSS and R.

The final year students of B. Com (Hons.) & M. Com of Department of Commerce, DAV PG College visited PARAG Dairy Cooperative and Bisleri on 19th April, 2022. Dr. S. D. Singh, Principal is of the view that the students of Commerce must have Industrial Exposure / Practical Exposure besides their regular academic classes. Such visits will let our students know about the real situation of Industries in the present context. During the visit, students interacted with Mr. Sinha, M.D of PARAG cooperative and discussed the progress made by the cooperative after it was handed over to NDDB (National Dairy Development Board). Mr. Sinha was very hopeful that the Dairy would be in profits within a period of 3-4 years. He also appealed to the students to consume the products of PARAG to help the local farmers of Varanasi District as they are the real owners of this Cooperative.

The students also visited Bisleri Company Branch at Industrial Area, Ramnagar and learned about the procedure of packing Bisleri water bottles. Mr. Prabhakar Rai, owner of the Unit was very cooperative and encouraged the students to come in this field by stating that there is a tremendous scope in entrepreneurship. Dr. P. Kamal, Head, Department of Commerce lead the Industrial Visit. All the faculty members of the Department of Commerce with 48 students of B. Com (Hons.) And M. Com was present during the visit.

The students of M.Com I Sem and M.Com IV Sem organized a get-together party on 20/4/2022. The coordinators of the programme were Dr. V. N Dubey (Asso. Prof, Deptt. Of Commerce) and Mrs. Sakshi Choudhary (Asst. Prof, Deptt. Of Commerce). The students welcomed the faculty members and gave various performances such as song, dance, poetry recitation, etc. The students were very enthusiastic as they were all meeting after the long COVID break.

A national webinar was organized by Department of Commerce on the topic Budget 2022: Expectations and Possibilities on 28 January, 2022. This programme was organized under the banner of SPARS and VOC. 19 students from different universities and colleges participated in it and presented their views. The eminent judges for the programme were Dr. Amit Manglani (Assistant Professor, Guru Ghasidas Vishwavidyalaya, Bilaspur), Dr. Awadhesh Kumar Tiwari (Assistant Professor, CMP Degree College, affiliated to Allahabad Central University) and      Dr. Munshiram Assistant Professor, NEHU, Meghalaya, A Central University). Anand Pranav of DAV PG College stood the first position in the competition and stated that 2.5% of the budgeted fund should be allocated to health sector and focus should be given to MSME sector so that more employment opportunities are given. Dr. Anand Singh, the coordinator of the programme, conducted the proceedings and vote of thanks was presented by Dr. Taru Singh.