120 participants from Vadodara and nearby areas participated in 1st of its kind conclave
Globally, the role of the Chief Financial Officer (CFO) has transformed over the past decade and now their roles are expanded beyond the finance function to identify areas for growth and operational excellence across all business domains. This requires a range of Skills from the foundation and basics of the finance function to a strategic level focusing on the outside world.
Based on such scenario Confederation of Indian Industry (CII) along with KPMG organise a CFO conclave to discuss the life, challenges and their expectations in future. Taxation and GST is also discussed in the conclave where some points are put before the government.
“Intially after the implementation of GST people find it tough to pay their taxes but later on goverment improved the service and even reduce the rates of some commodities. However there is more to do like bring petroleum products under GST, simplified the process more and also minimise the taxes in various things,” said Santosh Dalvi Partner Indirect Tax KPMG.
The objective of the conclave is to address the changing economic & regulatory environment and the impact created on business of both domestic and international tends. It will provide a helping hand for innovation of business models, regulatory aspects and best practices in the industry. This platform will ensure to facilitate exchange of ideas and opinions among CFOs and Financial Heads.
“Around 120 participants from Baroda and nearly GIDC situated inside the periphery of 50 to 60kms take part in the conclave. Various topics related to the CFO’s is discussed in the conclave including their future, cyber security and business valuations were also focused on in the event. The conclave is first of it’s kind in Vadodara and we will spread the outcome of the sessions to our partners as learning strategies and opinions for the CFO’s,” said Rajan Vasa Office Managing partner Gujarat region head KPMG