GST Migration Masterclass (Bangalore)

The Lok Sabha on 29th March 2017 passed the Central GST Bill, the Integrated GST Bill, the GST Compensation Bill, and the Union Territory GST Bills following a  nine-hour debate. The fifth legislation, the State GST Bill, will need to be passed by the Assemblies of each of the States and the Union Territories with legislature. The passage of the Bills marks a big step forward in India’s plans to rollout GST from July 1 2017. The GST Council had earlier finalised a four-tier GST tax structure of 5 per cent, 12 per cent, 18 per cent and 28 per cent. GST is just not a tax reform, it`s a much larger change with its impact on every function of a business and every sector of the economy. With the government committed to introducing GST from July 2017, its implementation in India will require a great level of coordination from all corners of business. It will also require a lot of change in the supply chain management, costing analysis invoicing methodology as well as your accounting software & documentation. It is a “cross functional” issue that can affect the entire business structure and hence require input from all key business units. So in order to adapt to the changing scenario we need to prepare well in advance.

Gearing up for changes in process, training of personal and redesigning the IT systems for being GST compliant is the need of the hour. GST implementation in India will require a great level of coordination from all corners of business. It will also require a lot of change in the supply chain management, costing analysis, invoicing methodology as well as your accounting software & documentation. It is a “cross functional” issue that can affect the entire business structure and hence require input from all key business units. So in order to adapt to the changing scenario we need to prepare well in advance.

To address this larger need of the hour, CorpKonnect is organizing a 2 Day GST Migration – An Implementation Perspective Masterclass which would throw valuable insights on what changes you need to do in your existing system and processes to comply with GST and what would be it’s impact on your business.

 

Objectives of the Masterclass:

  • Understand the basic mechanism of GST
  • Better preparedness for implementation to minimize risk
  • To build practical knowledge and analysis of GST obligations
  • Understanding the technology infrastructure required in GST implementation
  • Smoothening your transition to GST from the existing system


Who should Attend

  • CFOs, Director Finance and other Senior Finance Professionals
  • Tax Heads and Senior Tax Professionals
  • Indirect Tax professionals such as VP, AVP, Sr. Managers and Managers
  • Tax Lawyers
  • Practising Chartered Accountants
  • Supply Chain Professionals, Legal Professionals and all those stake holders who get affected by GST

 

Technical Session 1: Introduction to GST

  • The GST model in India
  • Meaning of Goods and Services
  • Meaning and scope of supply
  • Point of Taxation
  • Times of Supply Rules


Technical Session 2: Input Tax Credit

  • Taking input tax credit
  • Taking input tax credit in respect of inputs sent for job work
  • Distribution of credit by Input Service Distributor
  • Recovery of credit distributed in excess
  • Transfer of input tax credit

Transitory Issues and Way forward


Technical Session 3: IGST Model for Inter State Supply

  • Principles of Determination of place supply in Inter State Supply
  • Levy and collection of IGST
  • Place of supply of goods
  • Place of supply of services

Technical Session 4

  • Audit & Assessment
  • Appeals & Revision
  • Advance Ruling


Technical Session 5: GST Procedural Aspects

  • Registrations – Migration Experience
  • Returns
  • Refund
  • Late Fees for delay in filing GST Returns
  • Points of caution while  filing GST Returns

TDS Issues

 

Technical Session 6: Valuation Mechanism


Technical Session 7: GST Impact Study

  • Financial Impact
  • Impact on Pricing, Costing and Margins
  • Sales & Marketing:
  • Impact on Support Functions - HR and Legal Functions
  • Impact of IT and Supply Chain

GST Migration – Transitional Journey


Technical Session 8: GST IT/ERP Implementation

ERP / IT systems upgrade

  • System Change Roadmap
  • Preparation before Change
  • Upgrade Methodology and Impact
  • Master data transition
  • Upgrade Execution
  • Business process redefinition

Implementation and Going Live

Post Implementation Reviews


Technical Session 9: GST Supply Chain Preparedness

  • Impact on Supply Chain
  • Key considerations for Changes in Supply Chain Network
  • Supply Chain Reengineering for GST

Case Study


Kunal Wadhwa
Partner
PwC India

Kunal Wadhwa is a Partner in PwC’s Tax and Regulatory Services team.  He is based in Bangalore and specializes in indirect taxes.

Kunal joined PwC in January 2014 and has over 14 years of experience in advising on various indirect tax laws in India in service tax, VAT, trade compliance, regulatory advisory and representation services. 

He has extensive experience in advising clients on the indirect tax implications and risks involved in the establishment of manufacturing, distribution networks and services operations. He has also advised companies in restructuring with respect to their manufacturing activities, including the establishment of SEZ units, assisting various start up companies in various indirect tax laws and availing of indirect tax benefits and so forth.

He is a regular speaker at seminars in India and a contributor to media publications. He has been a member of the Economic Affairs Committee of the Confederation of Indian Industry Bangalore Chapter and the convenor of Indirect Tax Committee of ASSOCHAM.

Kunal holds a graduate degree in commerce and is also a member of the Institute of Chartered Accountants of India.


Praveen William
Partner
KPMG in India

Praveen has over 18 years of experience in Industry and around 11+ years in the field of Indirect Tax Consulting. He has been assisting variety of Clients on Indirect Tax advisory and compliance related matters, including structuring of business processes in areas of Service Tax, Value Added Tax, among other Indirect Taxes. He has 18 years of experience in handling Indirect Tax matters for a multinational manufacturing company in India (Kirloskar Copeland Ltd).  He has an extensive experience in Indirect Tax Consulting on Compliance & Advisory matters of MNC’s from various industry segments.

He has assisted Clients in conducting Cost Benefit Analysis to decide the type of Unit, setting up of the Units, streamlining their internal processes and ongoing Compliances.  Before joining KPMG in April 2011, he had been with the other Big 4 Firm from April 2005 to March 2011.

He has Extensive experience in formulating strategies and plans for optimizing tax benefits through effective structuring of the Supply Chain, handling & ensuring timely compliances and adherence to procedural requirements of Indirect Tax laws of 20 odd States across India. 

He has been actively involved in making presentations to various Clients and at Forums. He has led and completed Impact Assessment assignments across Industry sectors.  He has written articles on various i mpact areas of GST and has spoken at Seminars conducted by various leading Chambers of Commerce and Industry Sectors.


P M Prabhakaran
Partner
Lakshmikumaran & Sridharan

Mr. P M Prabhakaran, and Advocate by profession, is an experienced Tax practitioner with an overall experience of over 26 years in the Auditing, Accounting & Legal Fields. He specializes in the areas of Service Tax and Value Added Tax and now practicing and working closely with the developments in the area of GST.

Before entering into private practice, Prabhakaran has served for 16 years in various positions in the Revenue Audit wing of the Indian Audit & Accounts Department and also worked as Deputy Director in Employees Sate Insurance Corporation for a small stint.

He is now working as a Partner and the Leader of the Consulting Team at the Bangalore office of  Lakshmi Kumaran & Sridharan. He has hands on experience in advise and providing tax compliance support under Indirect Tax laws to large MNCs, Indian Conglomerates, PSUs, Banking & financial Institutions etc.


N V Raman
Partner
BDO India LLP

Raman completed Masters in Law from National University of Singapore, holds a Bachelor’s degree in Law from Bangalore University and a Graduate degree in Economics from University of Madras.

His experience includes all facets of Central Excise, Service Tax, Customs and VAT including implications of cross border tax. He has hands-on experience in availing exemption emerging out of Treaty arrangements with other countries.

Raman expertise in Special Economic Zones & Technology Parks/Export Oriented Undertakings related matters right from Advisory to implementation of setting-up.

Raman has also handled various areas of work related to sectors such as Telecom, Energy, Pharmaceuticals, Entertainment, supply chain logistics, Manufacturing and Services by providing innovative but rigorous tax planning ideas


Deepak V Rao
Partner
Acer Tax And Corporate Services LLP

Deepak Rao is a veteran in the field of indirect taxation with more than 20 years of experience in Industry and Big 4 consulting. He has spent close to 10 years with the global consumer goods giant Procter & Gamble and another 10 years with the leading Big 4 consulting firms, PricewaterhouseCoopers (PwC) and Ernst & Young (EY) before joining Acer Tax & Corporate Services LLP in the year 2016.

He over the years has advised numerous multi-national and Indian companies on a wide variety of matters covering VAT, Service Tax, Excise and Customs. Deepak has rich experience in dealing with compliance, advisory and litigation matters across the indirect tax spectrum and has advised clients on critical and complex indirect tax matters. He is specialized in supply-chain related advisory and structuring and has worked with various industries / sectors including IT / ITES, Manufacturing, Real-Estate, Retail, Automobile, E-Commerce, SME`s etc.

He holds a Bachelor Degree in Law (LLB) from the University of Karnataka and a degree in Cost and Management Accountant (CMA) from The Institute of Cost & Management Accountants of India (ICMAI


Vijay Kumar Ch
Associate Director (IT/ERP Consulting)
KPMG In India

Vijay Kumar Ch is an Associate Director at KPMG in India. He is is Chartered Accountant and CISA Certified with experience over 12 years. He carries rich blend of experiences in Finance, IT and Audit

He has been part of various IT transformation projects in India and abroad. He worked with multiple large multinationals and successfully delivered various consulting projects. He is currently assisting various clients in South India on their IT systems readiness for GST. He is a subject matter expert on SAP, GST, GRC, IdM, Security and SOX.


Advocate K S Naveen Kumar
Renowned Indirect Tax Lawyer

Mr Naveen Kumar is a lawyer specializing in Central Excise, Customs and Service Tax matters. Completed B.Com from Guru Nanak College,Mumbai, LL.B from SJRC,Bangalore and ML from Annamalai University,TN

Practising as a lawyer since the year 2001 and worked in the chamber of an eminent lawyer for more than a decade before starting his independent practice. Specializes in central indirect taxes litigation and has appeared before various Tribunals, Courts and legal forums.

He is the Vice Chairman-Indirect Taxes of Central Taxes and Banking Committee of Federation of Karnataka Chambers of Commerce and Industry (FKCCI). He has presented several papers on Indirect Taxes and other topics across the country in many seminars, workshops, study circles organized by reputed organizations/institutions including the ICAI, FKCCI, CII, IIM-B, Assocham, Central Board of Excise and Customs.

He is a Curriculum graduate of Landmark Education , Visiting faculty of Bharatiya Vidya Bhavan, Institute of Chartered Accountants of India and National Law School of India University. He has addressed officers of the Central Excise, Customs and Service Tax Department and Government undertakings on topics relating to law and indirect taxes.


Badrinath N R
Partner
Singhvi, Dev & Unni Chartered Accountants

Badrinath specializes in Indirect Taxation. He is also a Cost Accountant. His area of expertise spans over Central & State levies which include Central Excise, Customs, Service Tax, Commercial Taxes and Foreign Trade. He is very closely associated with the subject specialization and has addressed the officers at Central Board of Excise and Customs, members of the ICAI and Institute of Internal Auditors. He is a member of the Indirect Taxation Committee of Bangalore Chamber of Industry and Commerce and is also member of the GST committee of the ICAI (Southern Region). He has been a faculty for Indirect Taxation at MATS School of Business and IT and Entrepreneurship and is a co-author for the book titled ‘GST Backgrounder’ published by the Institute of Chartered Accountants of India


The Pride Hotel
93, Richmond Road, Langford Gardens, Bengaluru
080 - 43484348
Get Direction

Registration Fees: INR 16,000 + 15% Service Tax per Delegate

Avail 10% early bird discount on 2 or more registrations till 14th April 2017


Note: The fees would include Course Material, Participation Certificate and Lunch & Refreshments at the Hotel


Modes of Payment and Registration

Online Registrations through Credit/Debit CardClick Here

For Offline registration through Cheque/DD/ and NEFT: Please contact the below mentioned:


Biplab SenGupta
Mob No: 8130826342
Email: training@corpkonnect.com