v.k project file final.pdf
- 1. i Page Anmol Industries Limited, Greater Noida, Uttar Pradesh (2013060) India (Delivering Excellence. Since 1994) A Training Report Submitted in fulfillment of the requirements of the degree of Master of Business Administration By VINEET KUMAR SAROJ University Roll No: 21110105041 Supervised by Dr. Pawan Kumar Chand Associate Professor Department of Management Studies April, 2023 Department of Management Studies Sardar Patel University (A State Government University) Mandi, Himachal Pradesh -175001, India
- 2. ii Page ACKNOWLEDGEMENT “It is not possible to prepare a project report without the assistance and guidance of some people and this project. This one is not an exception”. On the very outset of this project, I would like to express my sincere thanks and heartfelt obligations towards all the personages who’ve helped me in this endeavor. I am ineffably indebted to Mr. RAKESH MEHRA, HR Head of Anmol Industries Limited Company, for conscientious guidance and encouragement to accomplish this assignment. I am extremely thankful and pay my gratitude to my faculty DR. VIKRANT JAISAWAL SIR, for his valuable guidance, motivation and support on completion of this project. I extend my gratitude towards my mentor DR. PAWAN KUMAR CHAND for the constant guidance throughout this project and otherwise. Last but not least, I would like to pay high regards to my parents, brother, my friends and the omnipresent God for giving me strength in all the critical situations and supporting me spiritually throughout my life. VINEET KUMAR SAROJ 4 t h Sem Roll No. 21110105041
- 3. iii Page DECLARATION I hereby, VINEET KUMAR SAROJ Roll No. 21110105041 declare that I have done the On-the-Job report of the Topic “CORPORATE TAXATION AT ANMOL INDUSTIRES LIMITED GRATER NOIDA.U.P.” Which is submitted in partial fulfillment of the requirement for the degree of Master of Business Administration of SARDAR PATEL UNIVERSITY MANDI H.P and the data that is included in it is pure. The assistance and help that received during the course of this investigation has been duly acknowledged. It is further, declared that it has an Original Piece of Work and it is worthy of the consideration for the degree of M.B.A. (Signature) NAME: VINEET KUMAR SAROJ MBA (Final Year) University Roll. No 21110105041 Department of Management Studies Sardar Patel University, Mandi Himachal Pradesh-175001 India
- 4. iv Page CERTIFICATE BY THE SUPERVISOR This is to certify that VINEET KUMAR SAROJ, a student in MBA Final year, University Roll. No. 21110105041 is a regular student in the Department of Management Studies, MBA program at Sardar Patel University, Mandi, Himachal Pradesh in the academic years 2022 to 2023. He has prepared the training report under my supervision to fulfill the degree of Master in Business Administration award. The content of this report has not been submitted to any other university to award any other degree or diploma. (Signature) Dr. Pawan Kumar Chand Associate Professor Department of Management Studies Sardar Patel University, Mandi Himachal Pradesh-175001, India.
- 6. vi Page TABLE OF CONTENTS S.NO. TITLE PAGE NO. AKNOWLEDGEMENT II DECLARATION III CERTIFICATE BY THE SUPERVISOR IV CERTIFICATE V TABLE OF CONTENT VI LIST OF ABBRIVIATION VII 1 Company profile 1-5 2 Training Schedule 6-7 3 Method of learning 8-9 4 My learning 10-19 5 Bibliography 20-21
- 7. vii Page LIST OF ABBREVIATIONS GST - Goods and Services Taxes CIN - Company Identification Number BOD - Board of Directors SAP - System Application and Product MT - Morden Trade GT - General Trade E-way bill - Electronic way bill TDS- - Tax deduction at source ITR - Income Tax return ITR-V- Income Tax Return Verification CIT - Corporate Income Tax CCT - Chlorine Contact Tank EPA - Environment Protection Agency MPS - Main Pumping Station FAL - Facultative Aerated lagoons AMT - Alternative minimum tax APA - Advance pricing agreement CGT - Capital gain tax
- 9. 1 Page COMPANY PROFILE Anmol Industries Limited Anmol Industries limited is packaged food company food company, majority focusing on biscuits, cake and cookies. We have a strong presence in northern and Eastern India and are currently making progressive efforts to establish footprints in the Southern and Western parts as well. Since 1994, we have successfully leveraged our established brand presence, strategic supply chain, diversified product portfolio and consequent value proposition for consumers to reach maximum households. Additionally, our strategically located manufacturing facilities, experienced promoters and senior management team have made relentless efforts to establish Anmol as an iconic brand across India. currently making progressive efforts to establish footprints in the Southern and Western parts as well. Since 1994, we have successfully leveraged our established brand presence, strategic supply chain, diversified product portfolio and consequent value proposition for consumers to reach maximum households. Additionally, our strategically located manufacturing facilities, experienced promoters and senior management team have made relentless efforts to establish Anmol as an iconic brand across India. MISSION Striving towards becoming the best in the food segment, we aim to relentlessly of distinctive flavorist our progressive consumers. Moving fast on the path to fulfilling aspirations with global approach, we also aim to deliver the best returns to the society, consumers, and our stakeholders. VISION We seek to evolve as the top Biscuit Brand in India. We strive to reach deeper into the hearts of our loyal consumers, establishing a mutually enriching relation with each one of them. Always been dedicated to providing the best to the consumer, we aim to reach for the sky believe that it is where the limit lies.
- 10. 2 Page Company Structure: This is second plant in India. And first in Kolkata. (A view of the Noida Anmol Biscuits plant) (An exterior view of the plant's office building) Overview of Plant 1. Location 38-A & F, Udyog Vihar, Near Bus Stand., Greater Noida, Uttar Pradesh, 201306, India 2. Site Area Approx. 78,000 sq.m 3. Production Capacity 294,544 MTPA 4. CIN (CIN) U15412WB2009PLC139597
- 11. 3 Page Chart Founder -Baijnath Choudhary BOD(Board of directors )- Dilip Kumar Choudhary Director Gobind Ra Choudhary Managing Director Dilip Kumar Choudhary Vice Chairman and whole-time director Biswanath Choudhary Chairman and whole time Director Bimal Kumar Choudhary MD Sumit Malhotra Independent Director Mamta Banani Independent Director Sunil Kumar Agrawal Independent Director Debanjan Mandal Independent Director Ankit Choudhary Director International trade and Morden Trade Aman Choudhary Vice president sale and business development Organizational Hierarchy In Noida plant.
- 12. 4 Page Famous brans offered by Anmol Industries Lovey Dovey Lemon Cake Jam Fills Cake Dream Lite Biscuits
- 13. 5 Page Fruit Mazaa Biscuits Marie Plus Biscuits
- 15. 7 Page TRANING SCHEDULE I did my two months compulsory training in a FMCG company which is deals with Biscuits and cakes. I got opportunity to join my internship in Noida plant Udyog Bihar. Training started on 16-01-2023 onwards. The work period was 10 A:M to 4 P:M. All Saturday are works days and no holidays are allowed in the company. At 10;30 am I am scheduled to report in front of our training coordinator at the office. Duration Content First weak (Jan 16-22) Training about company Profile and products, Interaction with staff, Plant Visit. Second weak (22- Basic Excel, Advance Excel VLOOKUP, Shortcut keys, Excel Formulas. Third Weak Introduction about Indian Taxation system along with GST, Income tax, corporate tax, E- way bill. Fourth Weak Introduction of GST portal, Filing of various GST return, GSTR1, GSTR3B. Fifth weak Preparation of Annual GSTR1 and GSTR3B Report. Sixth Weak Warehouse Audit and Engineering dpt Audit with CA. Seventh Weak Concept of Various schemes. Eighth weak Financial modelling, Valuation of Firm, What if analysis, Scenario Analysis.
- 17. 9 Page Method of learning The method of leaning which was mostly used by my guide and other concern people was Instructional method of learning. Instructional methods consist of principles and methods used by teachers to enhance and relate the training to learners. It is defined by the process that you use to instruct people on a particular topic. Each instructional method has its use. Instructional methods are kinds of instructional ways or activities used to guide the facilitation of learning in each phase of the instructional process. There can be hundreds of variations in it. Do you know what the four types of instructional methods are? The four types are information processing, behavioural, social interaction, and personal. Within each model, several strategies can be used. Strategies determine the approach a teacher may take to achieve learning objectives. The purpose of such methods is that it is an important aspect of teaching and learning to determine the activities of teachers and students. Appropriate instructional methods influence many motivational variables of learners such as a tendency to think critically. These methods can be used in a lesson plan in the following ways: lectures, cooperative learning, brainstorming, role- playing, videotapes, slides, direct teaching. The four main instructional skills are critical thinking, communicating, and collaborating. These skills help students learn, and so they are vital to success in school and beyond. Critical thinking is focused, careful analysis of something to better understand. Instructional methods are deliberate, planned and outcomes-oriented pedagogical approaches that are structured to facilitate student learning success. Beyond delivering content, instructional methods are an approach to fostering engagement. Instructional methods encompass a wide array of techniques that aid active learning and include ways we can enhance student engagement. The best methods help the student connect course content to students' prior knowledge and extends and refines students' knowledge through authentic tasks, such as complex problem solving, critical discourse, and civic activism.
- 19. 11 Page LEARNINGS Weak.1 A journey of a thousand miles must start with a single step. With this thought on the first day, I met with HR manager of the company and Accounts manager and with their teams of they explained me about the rules and regulation of the company. During the first week I understood work culture and entire work environment of the company and I got comfortable in very firstweek.
- 20. 12 Page Week.2 As we know the excel has become necessity of corporate world every business are uses excel to maintain their finances and other activities. So, during the 2nd weak of my internship as per scheduled time of internship I learnt basic to advance excel VLOOKUP, FILTER, COUNIF, Contioning formatting and so on. Data Filtering (ctrl+shift+s) by using this ) by using this short cut key we can apply filer on large data.
- 21. 13 Page Week.3 During 3rd week of my internship, I was explained by guide concept of GST, Income tax, and Indian taxation system, along with this he explained me a totally new term that is E-Way bill. Which is generated by seller on the time of movement of goods with exceeding amount of 50000. It is applicable only those which comes under GST. I learnt how to generate E-way bill through the SAP module during the 3rd week of my internship. (Login Window of E-way bill) Keeping Monthly record on excel of E-WAY BILL
- 22. 14 Page Week.4 During the 4th week of my internship, I learnt how to file various GST Returns like GSTR1, GSTR3B and Income Tax Return. GSTR1. GSTR-1 is a monthly/quarterly return that summarizes all sales (outward supplies) of taxpayer. You must make sure that a valid GSTIN is filled while entering sales invoice details. The due dates for GSTR-1 are based on your aggregate turnover. Businesses with sales of up to Rs.5 crore have an option to file quarterly returns under the QRMP scheme and are due by the 13th of the month following the relevant quarter. Whereas, those taxpayers who do not opt for the QRMP scheme or have a total turnover above Rs.5 crore must file the return every month on or before the 11th of the next month INTERFACE OF ONLINE GSTR1 FILING
- 23. 15 Page Week.5 During the 4th week of my internship, I learnt how to fill various GST Returns like GSTR1, GSTR3B along with filing of these returns I also learnt prepare annual report of these on excel sheet for audit. Annual report of GSTR 1 . Annual Report of GSTR3B
- 24. 16 Page Week.6 6TH Week of my internship ware schedules with CA sir auditing of various depart it was great experience for me. I visited warehouse of the factory and done inspection of various department. It was totally practical exposure for me CA sir make me understand how to do operational audit. A Click during warehouse audit.
- 25. 17 Page Week.7 Every company launch various types of schemes in order to promote their monthly sale. So that being a management trainee it becomes vital to understand those schemes. So, during the 7th week of my internship, they make me understand about the various schemes which is launched by management to their sales team. SANCTION NOTE.NO.43
- 26. 18 Page Week.8 As per last week of my training ware scheduled with CA sir for practical exposure of financial modelling, Valuation of Firm, What if analysis, Scenario Analysis. During this week I understood all these terms and also did practical on what if analysis and scenario analysis with the help of proper guidance. 1.Scenario analysis –(It is used while change multiple input multiple times) Short cut key for scenario manager ALT+A+W+S Use PMT formula for finding annual or monthly installment of payment. 2.Financial modeling – I also did financial modeling on car manufacturing company that is Maruti Suzuki.
- 27. 19 Page Along with these skills I also learnt. Punctuality o Every employee has to be punctual and adhere to the office timings and duringwalk. Positive Attitude Towards Work o No matter how hard the task at hand would be, one should maintain a positiveattitude as it would help in finishing the work in efficient manner. Confidence o Through this OJT, I became confident in dealing with the projects. Team work o I learned how to work in a team, the amount coordination and cooperation thatgoes into working in a team. Planning o I got to learn the importance of planning as I had to planned every walk visit andin time report to the team members. To learn about how to act in an appropriate way that conserves effort, by remainingaware of possible risks and by respecting the surroundings. To adapt oneself to evolving conditions, the abilities of the party, changes of route andknowing when to turn back if conditions deteriorate. Learn about technical skills, social skills and respect for the environment and the culturalheritage Had a chance to meet new people at every walk. To learn about how to always be polite and friendly towards clients. To learn about sharing my knowledge in a professional and informative manner.