Project Report

(Submitted for the Degree of B.com Honours in Accounting & Finance Under the University
of Calcutta)

Title of the project

GOODS AND SERVICE TAX(GST)

Submitted by

Name of the Candidate: Raunak kumar Beraliya

Registration No. : 017-1111-2404-17
CU Roll No. : 171017-21-1208
Name of the college: The Bhawanipur Education Society College
College UID: 0103173271

Supervised by

Name of the Supervisor: Rajesh kumar shaw

Name of the college: The Bhawanipur Education Society College

Month & year of Submission

June, 2020

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 ACKNOWLEDGEMENT

I extend my sincere gratitude to Sir Rajesh Kumar Shaw, my project guide, for the
successful completion of the project. This project has given me more confidence
about the subject and various concepts of packaging. My sincerest gratitude also
extends to the family, who has taken keen interest in my project from time to time,
and encouraged me to perform the best of my ability. Last but not the least: I would
like thank everyone for their support which helped me present the project in clear and
logical exposition. Work on this project has proved to be an enlightening experience
for me.

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 Index
Unite Chapter Page-
No.
1 Introduction, Meaning and Purpose of GST 4

2 Present and Proposed Scheme of Indirect Taxation 7

3 GST Models – Internationally 9

4 GST –Benefits and Challenges 11

5 Road to GST – Milestones 12

6 Salient features of GST 14

7 Valuation of Goods and services 16

8 Present Status of GST: India. 18

a) Applicability
b) GST Council
c) Administration
d) How GST Operate
e) Registration process under GST
f) Payment of Tax
g) Impact of GST on various Sectors

9 Conclusion & Recommendations. 27

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 Chapter-1
Introduction ,Meaning and Purpose of GST

Introduction of GST

The reference of GST was first made in the Indian Budget in 2006-07 by the then
Finance Minister Mr. P. Chidambaram as a single centralized Indirect tax. The GST
Constitution (One Hundred and Twenty Second Amendment) Bill, 2014 was
introduced on December 19, 2014 and passed on May 6, 2015 in the Lok Sabha and
yet to be passed in the Rajya Sabha.
The Bill seeks to amend the Constitution to introduce Goods and Services tax vide
proposed new article 246A. This article gives power to legislature of every state and
Parliament to make laws with respect to goods and services tax where the supplies
of goods or of services take place. Recently, Union Minister Mr. ArunJaitley said that
GST could be implemented as early as in 2016.
The introduction of such a tax in Indian Economy is a concrete step of Government of
India as one of the biggest taxation reforms and is all set to integrate State economies
and boost overall growth. It will also help in increasing the GDP of the country by 1-
1.5%. Such a tax system has already been implemented worldwide around 160
countries (France being First in 1954) and India is catching up with the global trends.

Meaning and purpose of GST

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Clause 366(12A) of the Constitution Bill defines GST as “goods and services tax”
means any tax on supply of goods, or services or both except taxes on the supply of
the alcoholic liquor for human consumption. Further the clause 366(26A) of the Bill
defines “Services” means anything other than Goods. Thus it can be said that GST is
a comprehensive tax levy on manufacture, sale and consumption of goods and
services at a national level. The proposed tax will be levied on all transactions
involving supply of goods and services, except those which are kept out of its purview.

TAXES THAT WON’T BE SUBSUMED IN GST:

There will be no term like trader or provider of Service any more. Everything will get
covered under the term “Supply”. Except these taxes.

All indirect taxes will get subsumed under GST… 1) Customs duty 2) Excise duty on
Tobacco products 2)specific cess 3)taxes on liquor 4)Electricity Cess 5)Property tax
6)Toll tax (7) Stamp Duty.

Single Umbrella Tax Rate:

GST shall replace a number of indirect taxes being levied by Union and State
Governments.

Removing Cascading Effect:

GST is intended to remove “Tax on Tax Effect” and provide for common national
market for Goods and Services.

INPUT UTILIZATION:
Cross utilization of CGST and SGST credit not permitted except under IGST.

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OBJECTIVE OF THE PROJECT:

• The objective of this study is to analyse the impact of introducing comprehensive

goods and services tax (GST) on India’s Economic growth.

• Also to study the GST as the preferred tax structure for India.

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 Chapter-2
Present and Proposed Scheme of Indirect
Taxation

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8|Page
 Chapter-3
GST Models – Internationally
Goods & Services Tax (GST) is implemented by about 160 countries in the world.
Francebeing the first country to implement GST in 1954.
There are various models of GST followed across the World. They are stated with
salient features associated therein:

GST Model Main Features Applicable in

Countries
National GST Tax levied by Centre with Australia, China
provisions for revenue sharing
with Provinces/States
State GST Tax levied by Provinces/States USA

Non-concurrent GST on Goods levied by State

Dual GST &
on Services levied by Centre
Concurrent Tax levied by Centre & State on Brazil & Canada
Dual both Goods & Services ―India‘s Proposed
GST Model‖
Quebec Model Separate legislation for
Federal/ Provinces – Tax
collection, Administration,
Enforcements, etc. by
Provinces

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A statistical analysis of countries implemented GST
with rates of taxes:

[ Source: "Countries implementing VAT or GST"]

Chapter-4
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 GST –Benefits and Challenges

Benefits to Assesses
• Reduction in multiplicity of taxes.
• Mitigation of cascading/ double taxation.
• More efficient neutralization of taxes especially for exports.
• Development of common national market.
• Simpler tax regime -
o Fewer rates and exemptions.
o Conceptual clarity (Goods vs. Services).

Benefits to Exchequer/Govt.
• Simpler Tax system.
• Broadening of Tax base.
• Improved compliance & revenue collections (tax booster).
• Efficient use of resources.
Challenges in GST- Lesson from Present System
• Legacy issues which will use resources
• Non Harmonization of Tax rates
• Lack of automation
• Lack of Procedural Manuals
• Lack of Skilled officials
• Double Registration- Handling old Registration
• Poor Quality of tax Returns
• No System for 100% Scrutiny of Tax Returns and Tax Audit
• Lack of Cross Verifications with other tax administrations
• Lack of mechanism to control Evasion
• Lack of mechanism to control Evasion

Chapter-5

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 Road to GST – Milestones

• 2006, announcement of the intent to introduce GST by 01.04.2010

• November 2009 – First Discussion Paper (FDP) released by EC on which
Comments were provided by Government of India.
• June 2010- Three sub-working Groups constituted by Government of India on:
o Business Process related issues.
o Drafting of Central GST and model State GST legislations.
o Basic design of IT systems required for GST in general and IGST in particular.
• March 2011 - Constitution (115th Amendment) Bill introduced in Parliament
• November 2012 – Committee on GST Design constituted by EC
• February 2013 - Three Committees constituted by EC
o Dual Control, Thresholds and Exemptions in GST regime
o RNRs for SGST & CGST and Place of Supply Rules
o IGST and GST on Imports
• March 2013- GSTN Incorporated as Section 25 Company
• June 2013- Committee constituted by EC to draft model GST Law
• August 2013- Standing Committee on Finance submitted Report
• April 2014- Committee constituted by EC to examine business processes under
GST
• December 2014- 122nd Constitutional Amendment bill introduced in Parliament
• May 2015 - 122nd Constitutional Amendment bill passed by Lok Sabha and
referred to Select Committee of Rajya Sabha

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Now it is required to be passed in the Rajya Sabha by the 2/3rd of the members
present and voting. Then the bill needs to be passed in at least 15 states legislatures
by a way of simple majority. Then it will be sent to the President for his approval. Then
the legislature bill will be put in the parliament and state legislatures and after its
approval there, it will become a law. Its expected roll out in 2016.

Chapter-6

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 Salient features of GST

Subsuming of Central Taxes:

It is provided that GST shall subsume various Central indirect taxes and levies such
as Central Excise Duty, Additional Excise Duties, Excise Duty levied under the
Medicinal and Toilet Preparations (Excise Duties) Act, 1955, Service Tax, Additional
Customs Duty commonly as Countervailing Duty, Special Additional Duty of Customs,
and Central Surcharges and Cesses so far as they relate to the supply of goods and
services.

Subsuming of State and Other Taxes:

It is provided that GST shall also subsume Taxes such as State Value Added
Tax/Sales Tax, Entertainment Tax (other than the tax levied by the local bodies),
Central Sales Tax (levied by the Centre and collected by the States),Octroi and Entry
tax, Purchase Tax, Luxury tax, Taxes on lottery, betting and gambling; and State
cesses and surcharges in so far as they relate to supply of goods and services.

Dispensing with the concept of ‘declared goods of

special importance’:
Clause 286(3) of the Bill has been omitted in the Bill in order to dispense with such
concept. Earlier, this clause empowered the Parliament to restrict and provide such
condition with respect to any state laws which sought to levy tax on sale and purchase
of such goods declared as of special importance and/or a tax on sale or purchase
concerning transactions of works contract, hire-purchase, and transfer of right to use
any goods as specified in Article 366(29A) (b), (c), (d).

Integrated Goods and Services Tax (IGST):

Clause 269A of the Bill provides for levy of Goods and Services Tax on supplies in
the course of inter-State trade or commerce. Such Tax shall be levied and collected
by Government of India and thereafter shall be apportioned between the Union and
the States in the manner as may be provided by Parliament by law on the
recommendations of the Goods and Services Tax Council. Import of goods or services
would be treated as inter-state supplies and thus it would be subject to IGST in
addition to applicable custom duties. Exports would be zero rated.

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Distribution of GST:
Clause 270(1A) of the Bill provides that the goods and services tax levied and
collected by the Government of India, except the tax apportioned with the States
under clause 269A (1) shall also be distributed between the Union and the States in
the manner provided in clause 269A(2).

No Surcharge levy on GST:

Clause 271 of the Bill which empowers the Parliament to increase any duties or taxes
by surcharge for the purpose of Union has been amended in the bill by providing an
exception to Goods and Services tax under Clause 246A.

Chapter-7

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 Valuation of Goods and services
The issue of valuation of Goods and Services shall be of prime importance under the
proposed GST era.
The valuation of goods and services needs to be made when :
❖ when made for a consideration
❖ when made without any consideration

Valuation of goods and services for a consideration

At present there are number of valuation dispute where clearance are made to the
related party, therefore, there are specific rule in Central Excise Act levy excise duty
on the price at which goods are sold to the related party. Similarly sec 4A has been
inserted & number of products has been included for determination of valuation of
such goods & excise duty is payable on MRP less abetment %. Therefore evasion of
Excise duty through valuation mechanism is curtailed. However in GST, tax are going
to be collected at each value addition stage/supply chain, there will not be any need
for valuation rules related to related party transactions & similarly MRP will continue
as per The Legal Metrology Act.

Valuation of goods and services for a consideration shall

have the following factors to be considered:

❖ When Consideration is not Sole Consideration for 'supply'.

❖ When free Goods or Services are supplied.
❖ Related Party Transactions.

Valuation of goods and services without a

consideration

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Valuation of goods and services without any consideration shall arise in the following
circumstances.

❖ Captive Consumption.
❖ Stock Transfer.
❖ Consignment Sale.
❖ Goods sold but not supplied / cleared from factory.
❖ Depot Sales.
❖ Job Work.
❖ Repairs / Testing / Calibration.
❖ Loan Transactions.
❖ Free Gifts / Sample.
❖ Free of Cost Supplies (Goods / Services), Engineering, Development, Art
Work, Design Work, Dies, Tools, Drawing, by Customer / Own Unit.
❖ Intangibles.

Chapter-8

Present Status of GST: India

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 Applicability:

The Central Government has finally agreed to many demands of various states
during the most successful meeting held so far on 15th December , 2014. This
is claimed to be a win deal and passing of first hurdle in rolling out the long
awaited goods and service tax (GST) in India from April, 2016 .Now, the
probability of introducing the amended bill in winters parliamentary session
cannot be ruled out.

GST will ultimately create a unified market by ending up the multiple levies of taxes
by the Centre and the States.Consequently, it will lower the costs for business and
more revenue for the government.The states were afraid of loss of flexibility but it is
said that this meeting has cleared many such fears .Broad agreement has been
arrived between the Centre and various States.

For initial years , petroleum products will be outside the regime of GST. It is pertinent
to note that many states get half of their taxes from such products only and for long it
has had been a major concern for the states .

GST Council:
A new Article 279A is proposed for the creation of a Goods & Services Tax Council
which will be a joint forum of the Centre and the States. This Council would function
under the Chairmanship of the Union Finance Minister.2/3rd Representatives will be
that of State & 1/3rd of the Centre. All decisions will require 75% of the votes. Thus,
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practically, any decision in GST Council cannot be taken without consent of Union
Government. It will have statutory powers only in following situations:

(a) When petroleum products should be brought in the GST net

(b) Distribution of revenue of IGST and CGST among Union and States

(c) Continuation of 1% tax on supply of goods inter-state

(d) Compensation to States for loss of revenue for period up to five years.

The Council will make recommendations to the Union and the States on important
issues like tax rates, exemptions, threshold limits, dispute resolution modalities etc.

Thus in nutshell, we can say Excise and Service Tax will be known as CGST. CST
will be known as IGST. In case of imports from outside India, in place of CVD and
SAD, IGST will be charged.

Administration:

Classes of officers under the Integrated Goods and Services Tax Act, 2016

(1) There shall be the following classes of officers under the Integrated Goods and
Services Tax Act, 2016 namely;

(a) Principal Chief Commissioners of IGST or Principal Directors General of IGST,

(b) Chief Commissioners of IGST or Directors General of IGST,

(c) Principal Commissioners of IGST or Principal Additional Directors General of

IGST,
(d) Commissioners of IGST or Additional Directors General of IGST,
(e) Commissioner of IGST (Appeals)

(f) Additional Commissioners of IGST or Additional Directors of IGST,

(g) Joint Commissioners of IGST or Joint Directors of IGST,

(h) Deputy Commissioners of IGST or Deputy Directors of IGST,

(i) Assistant Commissioners of IGST or Assistant Directors of IGST, and

such other class of officers as may be appointed for the purposes of this Act. 15.

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Appointment of officers under the Integrated Goods and Services Tax Act,
2016

(1) The Board may appoint such persons as it may think fit to be officers under the
Integrated Goods and Services Tax Act, 2016.

(2) Without prejudice to the provisions of sub-section (1), the Board may authorize a
Principal Chief Commissioner/Chief Commissioner of Central Goods and Services
Tax or a Principal Commissioner/Commissioner of Central Goods and Services Tax
or an Additional/Joint or Deputy/Assistant Commissioner of Central Goods and
Service Tax to appoint officers of Integrated Goods and Services Tax below the rank
of Assistant Commissioner of Integrated Goods and Services Tax Act, 2016. Page
127 of 128 GST EC SUB-COMMITTEE-I REPORT ON MODEL GST LAW [Note. It is
the view of the States that certain powers under the IGST Act such as i) audit, ii)
enforcement and iii) inspection should also be exercised by the officials of the State
Government. Likewise, the powers under the SGST Act relating to the above subjects
should be exercised by the officials of the Central Government.]

How GST operate

Case 1: Sale in one state, resale in the same state

In the example illustrated below, goods are moving from Mumbai to Pune. Since it is
a sale within a state, CGST and SGST will be levied. The collection goes to the Central
Government and the State Government as pointed out in the diagram. Then the goods
are resold from Pune to Nagpur. This is again a sale within a state, so CGST and
SGST will be levied. Sale price is increased so tax liability will also increase. In the
case of resale, the credit of input CGST and input SGST (Rs. 8) is claimed as shown;
and the remaining taxes go to the respective governments.

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Case 2: Sale in one state, resale in another state

In this case, goods are moving from Indore to Bhopal. Since it is a sale within a
state, CGST and SGST will be levied. The collection goes to the Central
Government and the State Government as pointed out in the diagram. Later the
goods are resold from Bhopal to Lucknow (outside the state). Therefore, IGST will
be levied. Whole IGST goestothecentralgovernment.

Against IGST, both the input taxes are taken as credit. But we see that SGST never
went to the central government, still the credit is claimed. This is the crux of GST.
Since this amounts to a loss to the Central Government, the state government
compensates the central government by transferring the credit to the central
government.

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Case 3: Sale outside the state, resale in that state

In this case, goods are moving from Delhi to Jaipur. Since it is an interstate sale, IGST
will be levied. The collection goes to the Central Government. Later the goods are
resold from Jaipur to Jodhpur (within the state). Therefore, CGST and SGST will be
levied.

Against CGST and SGST, 50% of the IGST, that is Rs. 8 is taken as a credit. But we
see that IGST never went to the state government, still the credit is claimed against
SGST. Since this amounts to a loss to the State Government,
the Central government compensates theState government by transferring the credit
to the State government.

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Registration under GST:
Under GST registration, it is likely to be linked with the existing PAN.The new business
identification number was likely to be the 10-digit alphanumeric PAN, in addition to
two digits for state code and one or two check numbers for disallowing fake numbers.
The total number of digits in the new number was likely to be 13-14.

Payment of Tax:
(1) Every deposit made towards tax, interest, penalty, fee or any other amount by a
taxable person by any of the prescribed modes shall be credited to the electronic cash
ledger of such person to be maintained in the manner as may be prescribed.
(2) The input tax credit as self-assessed in the return of a taxable person shall be
credited to his electronic credit ledger to be maintained in the manner as may be
prescribed.
(3) The tax, interest, penalty, fee or any other amount payable under the provisions
of this Act or the rules made there under shall be paid to the IGST account of the
Central Government by debiting the electronic cash or credit ledger under this Act in
such manner and subject to such conditions and limitations and within such time as
may be prescribed:
Provided that after fully utilizing the balance in the electronic [cash or] credit ledger
under this Act, the balance available in the credit ledger under the CGST Act may be
utilized to pay the tax under this Act:
Provided further that after fully utilizing the balance in the electronic [cash or] credit
ledgers under this Act and inthe credit ledger under the CGST Act, the balance
available in the credit ledger under the SGST Act may be utilized to pay the tax under
this Act.

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Impact of GST on various Sectors:
Sectors Covered
• Auto

• Engineering, Capital Goods & Power Equipment

• Roads

• Pharmaceuticals

• Real Estate

Auto – Positive
GST is expected to result in a reduction in the cost of conducting business by
removing the cascading effect of taxes especially for automotive distributors, which
attracts high rates of CENVAT duties as well as VAT at State level, in addition to other
levies such as National Calamity Contingent Duty (NCCD), Auto cess, entry taxes,
octroi, registration charges and road taxes. Automobile exports are also likely to
benefit, as embedded taxes in India’s export prices will be eliminated. Under the GST
regime, with no embedded tax costs on inter-state movement of goods (CST or entry
taxes) and a shift in the point of taxation to the consumer ultimately, businesses shall
have greater flexibility to re-design their supply chains and thus, optimize logistics
costs. Since their vendors are also likely to benefit from the transition, companies
could negotiate with their vendors to pass on those benefits in terms of input prices.
However, there are various aspects which need to be resolved in order for the auto
industry to be geared for the GST regime. Some prime issues being treatment of
ongoing area based exemption schemes (from Central Excise perspective) and the
State level incentives in form of subsidy or deferment, continuation of end use based
exemptions (e.g. for vehicles used as taxis or ambulances) and the continuation of
export incentives linked to indirect taxes.
Engineering, Capital Goods & Power Equipment – Positive
Introduction of GST is expected to improve the prospects of engineering, capital
goods and power equipment (ECPE) sector by simplifying the tax structure. The
complexity in this sector is that companies are involved simultaneously in
manufacturing of goods and rendering of services. For example a company engaged
in manufacturing of transmission towers also does EPC of entire transmission lines
which not only involve manufacturing of transmission towers but supply of bought out
items and rending of services. The EPC players pay service tax at present while the
manufacturers pay excise duty. However, in general, a comprehensive tax like GST
which would combine the state and central taxes in a single structure and where tax
credit would be available at each stage of production and final sale so that double
taxation could be avoided. This would bring in more cost competitiveness to the
domestic players. In this sector indirect tax range is much wider as compared to the

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other sectors where the product range is limited. Hence, depending upon the products
manufactured by the company and services rendered, basket of goods provided in
the EPC contract, it goes upto around 30% and any GST below this could improve
the cost competitiveness of players in this sector.

Roads – Neutral
There are no major implications of GST on toll and annuity based road projects.
Further, road construction sector is currently exempt from the preview of excise and
service tax. However, EPC contractors are currently paying indirect taxes (mainly on
key inputs and service tax to be paid to transporters) at average rate of 9-11% net of
credit availed. The same is expected to continue under GST. However, processes are
expected to be streamlined with implementation of single point tax system which can
result in lower cost for the compliance. Moreover, extent of liberalization in credit
available under GST against various input used for the civil construction is crucial for
the EPC contractors.
Pharmaceuticals – Positive
The biggest advantage to the industry would be that of reduction in transaction cost,
with an immediate impact coming from the discontinuance of CST. The multistage
taxation along with the inability to take full benefit of the CENVAT credit /refund has
been an issue for the industry. With central GST expected to be a single rate for goods
and services, going forward credit accumulation may not be an area of concern.
Furthermore, if the legislation provides for carrying forward of the unutilised credit this
would be an additional boost to the industry. Furthermore, the pharmaceutical sector
currently enjoys various location based tax holidays on its manufacturing activities.
Under the proposed structure of GST, such area based exemption will be done away
with. However, taking into account past precedents suitable work around/refund
process would be constituted to ensure that any existing hubs do not get impacted
and continue to get the agreed benefits. GST would bring everything on a single and
same platform for all. It would bring more transparency in the system. However, GST
is not likely to impact financial or operational performance of the companies in a
notable manner.

Real Estate – Positive

Implementation of GST will result in reduction in property prices. At present, the
developers pay various noncreditable taxes like excise duty, customs duty, CST, entry
tax, etc. on the procurement side, and the buyers pay service tax and VAT on
purchase of residential units when booked prior to their completion. The proposed
GST will replace these multiple taxes with a single tax and will also ensure smooth
flow of credits through the chain. Hence, it is expected that GST will reduce the
construction cost incurred by the developers and thereby help in reducing the current
level of property prices. However, high GST rates will offset any possible gains on
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incremental credits. GST will also result in improved inflow of foreign funds in the real
estate sector, as implementation of GST will improve the investor sentiments.

Hotels – Neutral
The GST, once implemented, is expected to rationalise indirect tax structure and
usher in seamless tax credit. However, the impact for the hotel sector is more likely
to be neutral depending on the final GST rate. Since hotels/restaurants are mainly
subject to service tax, VAT (state subject), luxury tax (state subject), the impact of
GST would depend on the tax levied by various states. If the GST rate gets capped
at 18%, the impact is likely to be neutral as presently service tax payable by hotels is
around 8.7% and luxury tax at around 8-12% (depending on the state and type of
service). Restaurants have to pay service tax at around 5.6% and VAT at around
12%-14.5%.

Chapter-9
Conclusion & Recommendations
Conclusion:
All the shortcomings of the present taxation regime lead us to develop a new system
of Taxation for the ease of doing business and for the seamless flow of credit across
the whole supply chain. If we have been following some system that is now obsolete
for years, it does not means that we need to continue with it in the fore coming years
as well there is a criticism today that the proposed model of GST is fractured due to
the compromises. But the compromised model in any case would be better than no
model at all. Also the bitter truth is that a compromise often becomes necessary in
Federal democracies. The dual model will be like a joint venture between centre and
the 29+ states. In order to make this joint venture successful, one has to take all the
states on the board with the compromise this entails. Some states might lose revenue
after introduction of GST but you cannot hold entire country hostage because of one
or two such states. One should keep in mind that an ideally perfect GST has never
been practised in any federal democracy. Every expert was once a beginner. No full
proof can be developed in a single stroke. Over the years things may come out to be
very positive and it’s quite possible that the estimate of 1-2% rise in GDP might be
too low.

Recommendations:
Some suggestions for better administrative machinery to handle the implementation
of Goods and Services Tax Act in India are:

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• Standardization of systems and procedures.
• Uniform dispute settlement machinery. • Adequate training for both tax payers and
tax enforcers.
• Re-organization of administrative machinery for GST implementation.
• Building information technology backbone – the single most important initiative for
GST implementation.
• Uniform Implementation of GST should be ensured across all states (unlike the
staggered implementation of VAT) as many issues might arise in case of transactions
between states who comply with GST and states who are not complying with GST.

Bibliography
• Internet

• http://caknowledge.in/why-gst-for-india-challenges-for-success-in-

india/#ixzz3y9nbEmp9

• https://en.wikipedia.org/wiki/Goods_and_Services_Tax_Bill

• www.idtc.icai.org

• http://icmai.in/icmai/Taxation/GST-Recent-News.php

• Www. Taxman.com

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Annexure – IA

Supervisor’s Certificate

This is to certify that Mr Raunak kumar Beraliya a student of

B.com Honours in Accounting & Finance of The Bhawanipur Education
Society College under the University of Calcutta has worked under my
supervision and guidance for his/her project work and prepared a project
report with the title “Is attractive packaging really a necessity or
eyewash?” A study on packaging of some selected companies which he
is submitting, is his genuine and original work to the best of my
knowledge.

Signature:
Name: Rajesh Kumar shaw
Designation: Professor
Name of the college: The Bhawanipur Education Society
College.

Place:
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Date:

Annexure -IB

Student’s Declaration

I hereby declare that the project work with the title “Is attractive packaging
really a necessity or eyewash?” A study on packaging of some selected companies
submitted by me for the partial fulfilment of the degree of B.com. Honours in
Accounting & Finance in Business under the university of Calcutta is my original
work and has not been submitted earlier to any other university/institution for the
fulfilment of the requirement for any course of study. I also declare that no chapter of
this manuscript in whole or in part has been incorporated in this report from any
earlier work done by others or by me. However, extracts of any literature which has
been used for this report has been duly acknowledged providing details of such
literature in the references.

Signature:
Name: Raunak kumar Beraliya
Address: Kolkata.
Registration No. : 017-1111-2404-17

Place:
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Date:

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