VK Garg, Advisor on Financial Resources to CM Punjab and Chairman Punjab

In this episode, Ashutosh Garg engages in an insightful conversation with an esteemed IRS officer, V. K Garg, Advisor on Financial Resources to the CM of Punjab. V. K Garg is an alumnus of IIM-A and a published author.

V.K Garg shares the three key milestones in his life. He tells why he chose to serve the government and people instead of seeking fortune in the corporate sector.

Garg shares his ideas for improving tax collection in India. The IRS officer who has brought about some notable reforms discusses the role of politicians in enforcement. He clarifies the efforts that go into building a union budget.

Later in the episode, he shares the stories of his path-breaking reforms in customs. He shares his experiences working as the advisor to the CM of Punjab. Before concluding, he shares his learning from his biggest mistake in life. He tells where he draws inspiration from.

VK Garg, Advisor on Financial Resources to CM Punjab and Chairman Punjab



My life has been one of experimentation: just doing something for fun and pleasure. I was lucky to also make a decent livelihood in the process. Some of my anecdotal experiences are as follows:
Formal education: B.Com. (Gold Medalist), MBA (IIM Ahmedabad) and LLB
Professional experience: > 40 years
A. 360 degree exposure to indirect taxes:
 Both Central (GST, Central Excise, Customs, FEMA, Narcotics) and State taxes (VAT, State Excise on Alcohol, Vehicle, Electricity Duty, Mandi fee etc.)
 National and international tax regimes
B. Working in diverse organizations:
 Central Govt. (30 years) and State Govt.(> 3 years and continuing)
 Central PSU (NTPC) and State PSU (Punjab MARKFED)
 Largest Corporate (RIL) and Small (own entrepreneurial venture: Just Taxes)
C. In all major roles of a tax professional:
 Law/policy-maker
 Tax administrator
 Adjudicator
 Advocate and consultant to businesses
 Teacher (at National Academy of Customs, Central Excise and Narcotics heading its Centre of Excellence)
 Author (Co-authored two books)
 Tax-payer

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