Tuesday, August 16th, 2022 03:07:15

“GST, a problem for private security industry”

Updated: November 27, 2018 12:21 pm

Central Association of Private Security Industry (CAPSI) and Association of Private Detectives and Investigators organised two day 13th Annual Security Skills and Leadership Summit at PHD Chamber of Commerce and Industry (PHDCCI) on 15th of  November 2018, where Uday India was the media partner. Former Home Minister Shivraj Patil was the chief guest at the event hosted by Chairman of CAPSI & APDI, Kunwar Vikram Singh.  Various eminent dignitaries across the India  including A R Kohli,  Former Governor of Mizoram; Former Union Minister, Sharad Yadav and  Shahnawaz Hussain attended the conference. The two day conference was organised with the aim to discuss welfare and development issues related to the private security industry and the role of MSME in this sector.

Raising concern over GST in private security sector, Chairman of CAPSI, Kunwar Vikram Singh said that GST is a beautiful concept, but it has created problems for the majority of private security agencies in the country. This sector is facing severe problem.  Security companies are liable to pay 18 per cent of GST on 20th of every month, but usually, it is the trend in the industry that their clients clear invoices after 60-90 days. This is unthinkable. Around 8 to 9 million people across the nation are employed in the private security industry (PSI) of India. The livelihood of this large people is under the risk as the industry is mainly run by small and medium security agencies, which work on very low margins and often struggle with cash-flow problems. He further added that 1044 security agencies have stopped their operation due to GST and unfortunately most of these companies were owned by retired security personnel.

While addressing the gathering Singh added that on behalf of CAPSI, he has written seven to eight letters to PMO in last 3-4 yrs and he has also been assured by Prime Minister Office to resolve the problem being faced by security industry as soon as possible. Singh said that CAPSI is demanding separate directorship in the government to deal with security industry because it is a huge sector.

The highlight of the first day was the felicitation of Vishambher Singh who laid down his life in the course of discharging his duties and thwarting the evil designs of dacoits who attacked the cash van in his charge with the intent to steal approx. Rs.4.5 crores cash. In recognition to the valiant act of Vishambher Singh, CAPSI conferred on him the CAPSI BRAVERY AWARD (SurakshaShauryaPuraskar), and a compensation of Rs. 1. 5 lacs.  The award was received by the family of Late Vishambher Singh amidst thunderous applause from the audience present.

To promote the second generation of security professionals with education, training and placement support, CAPSI announced providing BBA in Security Management for the children of Security Supervisors. This 3 years course is being designed in collaboration with Noida International University (NIU) and the course is schedule to commence with effect from the academic session July 2019. Arrangements are also being made to finance the education of bright students with special scholarships from SSSDC. To further support their costs of education, Nationalized banks are being approached to provide soft loans which are payable in 20 years.

In this two day session, There were discussions and decision-making sessions which covered crucial topics of  GST imposition – “Survival of MSME of Security Sector” A National Challenge; Directorate of Private Security – A Game Changer; Certified Security Professionals- Excellence in Job Performance; MOU between ICISSM (International Council of Security & Safety Management) & CAPSI; CPII – Partnership between Insurance Investigators & Insurers in mitigation of Frauds and Star Rating of Private Security Agencies -A Joint initiative with Quality Council of India.

By Uday India Bureau

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