A Study that show how GST influence a Tyre manufacturing Concern in Different Way

1. 1
Submitted By
Virendra Singh Solanki
A SUMMER TRAINING REPORT
ON
IMPACT OF GST ON TYRE MANUFACTURING CONCERN
AT
SUBMITTED IN THE FULLFILLMENT OF THE REQUIREMENT
THE AWARDED OF THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATIONS
2017 - 2019
Submitted To
Jigyasa Soni

2. 2

3. 3
• JK Tyre & Industries Ltd is an Automotive Tyre, Tubes and
flaps manufacturing company.
• The company is the undisputed market leader in Truck/Bus
Radials in India.
• Having 138 selling locations, 4,000 strong dealer network
served by six plants in India.
• It is having three plants in JK Tornel, Mexico.

4. http://www.jktyre.com/investorpresentation.aspx
• It has state-of-the-art modern production facilities in all 9
plants, total production capacity is over 20 million tyres p.a.
• Year 2016-17 was eventful on account of a healthy growth of
about 10% in total income to Rs. 8,383 crore.
• JK Tyre has also enhanced its global reach by taking over
Tornel, a renowned Mexican company.

5. AnshumanSinghania
Whole-time Director
V.K. Misra
TechnicalDirector
A.K. Kinra
FinanceDirector
Vikram Malhotra
MarketingDirector
Sanjiv Saxena
VP- CorporateAccounts
A.K. Makkar
Manufacturing
Director
Dr.R.Mukhopadhyay
Director(R&D)
Kumar Joshi
Executive Director – JKTORNEL
Arun K. Bajoria
Director & President –
InternationalOperations
Ashish Pandey
VP- Materials
Management Team

6. Objectives of the study:-
The main objective of carrying out this project is to know and gain practical
knowledge and to know the organizations working culture.
The present study is aimed to cover the following objectives:-
To know the Finance Working area of “Jk Tyre Industries Pvt. Ltd.”
Impact of Good and Service Tax on working condition of Industries.
To understand the process of Finance Department of the Organization.
To gain the practical knowledge of After GST financial Process.

7. http://www.jktyre.com/investorpresentation.aspx
I. TVS
II. Bridgestone
III. Birla Tyre
IV. Balkrishna
V. CEAT
VI. Apollo
VII. MRF Tyre

8. Research Methodology
Study of the whole concept is based on sources available on
primary data along with secondary data on official sites.
 For effective study we go through with the sample size of
department employees.
Basic data interpretation applicable for the analysis purpose.

9. Which Tax Structure would you find easy to understand?
a. Previous Tax Structure
b. GST Tax Structure
60%
40%
Previous Tax Structure GST Tax Structure
Tax Structure easy to understand

10. In your opinion training and development of employees is needed
for GST in organization?
a. Yes
b. No
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
YES NO
86%
14%
AxisTitle
opinion of employees ?

11. How frequently shall training programmes be conducted in your
organization For GST?
a. Once in a month,
b. Once in a week ,
c. On regular basis .
once in a
month
15%
once in a week
25%
on regular basis
60%
Other
60%
Time period of training programs ?

12. What will be the important factor in the GST tax structure for the
company?
a. Input tax credit
b. IGST
c. CGST
d. SGST
40%
15%
25%
20%
Input tax Credit
IGST
CGST
SGST

13. In your opinion how you deal with the Change by GST in business?
a. Awareness and induction training
b. Online Sources available at time
70%
30%
Awareness and induction training
Online Sources available at time

14. In your opinion to which process affect the most by GST
implementation?
a. Revenue generation ( Sales )
b. Purchase order process
c. Other process
60%
30%
10%
Revenue generation ( Sales )
Purchase order process
Other process

15. According to you how the Gst impact the organizational day-to-day
activities?
a. Positive Impact
b. Negative Impact
0%
50%
100%
Positive Impact
Negative Impact
AxisTitle
Positive Impact Negative Impact
80% 20%
GST Impact

16. In your opinion is there any change by GST in the purchasing
strategy of the organization?
a. Yes
b. No
90%
10%
YES NO

17. In your opinion Which working environment is familiar for the
employees?
a. Pre- GST
b. Post - GST
70%
30%
Working Environment Familiarity
Pre-GST
Post-GST

18. Does there is enough guidance and support by management while
GST in new for employees?
a. Yes
b. No
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
YES NO
90%
10%
YES
No

19. CONCLUSION
 GST impact the whole nation and the Indian economy so tyre industry
also a part of Indian economy so the influence also on the tyre
manufacturing organization like JK Tyre Industries. Training related to
GST also not available as consultant so management has to play the role
of leader which helps employees to understand the concept behind GST
and the impact of GST.
 To conclude, Tyre manufacturing organization is highly dependent on the
raw material required for the manufacturing of tyre is “Rubber”. GST
also influence the pricing of the rubber and it not supply from the local
market. Rubber is purchased by interstate market which also had norms
regarding to GST.