GST Migration Masterclass (Gurgaon)

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

Puneet Bansal
Managing Partner
Nitya Tax Associates

Puneet Bansal is the Managing Partner of Nitya Tax Associates. For the last 16 years, Puneet has advised leading Multinational and Indian companies in setting up operations in India, structuring business models & supply chains, optimizing tax exposures, contract review and undertaking compliance with Indirect tax laws. Puneet has a rich experience in litigation and has successfully represented clients` interests before various judiciaries pan India. He is a regular speaker in seminars/ workshops across India on diverse indirect tax issues.

Puneet specializes in laws relating to excise duty, service tax, customs duty including foreign trade policy and free trade agreements, value added tax (VAT), special economic zones (SEZ) and State Governments` incentive schemes.

Prior to NITYA Tax Associates, Puneet was a partner with BMR & Associates LLP and Lakshmikumaran & Sridharan in their indirect tax practice. Puneet is a member of the Institute of Chartered Accountants of India. He also holds Bachelor`s degrees in Commerce and Law from University of Delhi.


Siddharth Srivastava
Founder Partner
SKS Associates

Siddharth Srivastava is the founder of SKS Associates. He is a practising Advocate and a member of the Institute of Company Secretaries of India. He holds enormous experience and reputation having worked with Lakshmikumaran & Sridharan and Ernst & Young holding a total work experience of nearly 15 years exclusively in the field of indirect tax laws.

He excels in providing all round strategic indirect tax advisory services and has represented prestigious clients across all industry sectors before High Court, CESTAT and Department adjudication authorities and his matters have been regularly reported in leading journals.


Kapil Singhania
Technical Director - IT Advisory practice
KPMG In India

Kapil Singhania is a Technical Director in the IT Advisory practice at the Gurgaon office of KPMG in India. He is a SAP Certified FI/CO Solution Consultant and a SAP FX-RE and SAP-SEM Consultant from SAP India. He has 18 years of experience in the diverse areas of Delivery Management, Solution Management, Pre Sales, Solution Architecture, Account Management, Practice Management and Management Consulting with focus on SAP initiatives.

Kapil has extensive hands on experience in handling various phases of SAP Implementation with sound understanding of its working in media, power, banking, nuclear power, manufacturing, mining, NGO, automotive, steel, service and PSU sectors. He has successfully corroborated with several customers accounts in defining the right business approach and tactics for ERP implementation and management so as to help them become high performance business. Has participated in engagements  pertaining to risk assurance, pre implementation and post implementation reviews

He is one of the leading authority having understanding of IFRS as well as GST. He holds credit for authoring many books in the field of Accounting and Taxation some of which are recommended as mandatory readings in the professional examinations.


Gajendra Maheshwari
Managing Partner
Reina Legal

Gajendra Maheshwari is the Managing Partner of Reina Legal. He holds a Master Degree in Law and is also a qualified C.A. and I.C.W.A.

He has over 16 years of post-qualification experience in the field of litigation, advisory and policy advocacy. In the New Delhi, he has worked with PDS Legal and Ernst & Young (E&Y) for over eight years and was involved in providing litigation and advisory services on corporate and tax issues to clients from telecom, information technology, automobile, media, entertainment, financial services, oil and gas industries. Before moving to New Delhi in the year 2004, he had practiced in Rajasthan High Court for four years.

Gajendra is a regular faculty in seminars/ courses etc. on Taxes and other laws conducted across the country. Recently, Gajendra has also authorized a draft of the book “Service Tax – A Practitioner’s Perspective” published by the Institute of Chartered Accountants of India


Poonam Harjani
Partner
Nitya Tax Associates

Poonam Harjani is a Partner with Nitya Tax Associates, leading the indirect tax practice based in Gurugram. She has 13 years’ experience in the field of indirect taxes. Prior to Nitya Tax Associates, Poonam was a Director with BMR & Associates LLP in their indirect tax practice.

Poonam’s area of expertise includes laws relating to excise duty, service tax, customs duty and foreign trade policy, value added tax and entry tax. Her area of experience includes indirect tax advisory, audits and reviews, dispute resolution, contract review, structuring and financial modelling. Poonam has been extensively involved in advising  multinational and domestic clients on optimizing their supply chain from tax perspective by way of tax modeling including providing strategic inputs on tax controversies.
 
 She is a Lawyer by qualification.  Poonam actively contributes as an author to indirect tax literary work and has co-authored the book “Service Tax – Law & Practice” published by Taxmann.

Puneet Agrawal
Partner
Athena Law Associates

Ashok Dhingra
Founder & Managing Partner
Ashok Dhingra Associates

Ashok Dhingra is an attorney having more than 40 years of experience. He has unique advantage of working on both sides of table. Ashok has worked for more than 22 ½ years in Customs, Central Excise and Service Tax department including Directorate of Revenue Intelligence, 7 years with member firms of Big4 consulting firms like Arthur Anderson which merged with Ernst & Young and KPMG and 9 years with leading law firms before setting up Ashok Dhingra Associates. 

He assists clients in indirect tax matters like investigation by Special Valuation Branch  of Customs to determine arms’ length price of imported goods in case of transaction with Associated Enterprises, classification and rate of duty under the Customs Tariff and the Excise Tariff, valuation of locally manufactured goods, applicability of exemption notifications, taxability and determination of value of services, import and export of services, levy and exemption from value added tax and central sales tax, etc.

He advises clients on Import Policy and Export Policy under the Foreign Trade Policy and other regulatory laws like the Environment (Protection) Act, the Telegraph Act and the Legal Metrology Act. He has extensive experience and regularly advises clients on Export/ Import Controls of restricted goods and technologies and sanctions. He also advises clients on supply chain for sourcing and distribution of goods in a tax efficient and compliant manner. Ashok advises clients on safety and compliance requirements for movement of hazardous and notified goods.

Ashok has undergone training in Canada on Goods and Service Tax (GST) proposed to be introduced in India, to understand implementation issues and practical difficulties faced by the industry in compliance thereto. 


A. R. Madhav Rao
Senior Attorney
Advaita Legal
Mr Rao is a Senior Attorney with Advaita Legal – Attorneys & Advocates. He has  over 33 years of Indirect tax experience (28 years as an Indirect tax litigator) and has argued over five thousand matters before Supreme Court, High Court (including Allahabad, Delhi, Gujarat, Madras, Kerala, Punjab and Haryana, Sikkim, Guwahati), Tribunal and other authorities.   
 
He successfully challenged constitutional validity of Section 65(105)(zzzzn) of the Finance Act 1994 (and subsequent amendments thereto), which sought to levy service tax on lottery ticket distributors. He has argued several matters related to classification and valuation of goods, eligibility of exemption under excise, customs and service tax, customs duty exemption under export license scheme viz. Advance Authorisation, EPCG Licenses, Duty Free Import Authorization Scheme etc; validity of the Notification issued under excise laws curtailing the incentive/ benefits allowed to units set-up under the backward area for industrialization of the units in Jammu and Kashmir etc.
 
He was one of the founders of the law firm Lakshmikumaran & Sridharan and worked there for 26 years, including 7 years as their Senior Partner.  Prior to joining Advaita, he had a brief stint with BMR Legal as head of their indirect tax litigation practice. He is a member of Supreme Court Bar Association amongst other bar associations. He has been listed by International Tax Review, as one of the 22 top tax litigators in India

Pallab De
Partner
PwC India

Pallab is a Partner (Executive Director) in the Management Consulting Practice of PricewaterhouseCoopers India. He is a part of the Operations Consulting Leadership team  for the firm in India. He has  more than 26 years of total experience out of which 9 years in Management consulting spanning across Manufacturing sector such as Ferrous and Non Ferrous Metals, Mining, Cement, Power, Textile, Chemicals, Power Generation, Paper, Oil & Gas Marketing, Auto component manufacturing, Print Media,  Photo Voltaic manufacturing and Service center for Steel Products. He has led  assignments in the areas of Operations Transformation, Operation due diligence, Operating model design, Organisation restructuring, EBITDA improvement, Operations Excellence, Six Sigma implementation, Lean manufacturing, Implementing Total Productive Maintenance (TPM), Critical chain project management, Manpower Optimization and Implementing Malcolm Baldridge model for Business Excellence.

He is done B. Sc. (Engineering) from NIT Jamshedpur and PGDBM (Marketing & Finance) from XLRI, Jamshedpur, India. He is a Member of Indian Institute of Engineers

 


Ramada Gurgaon Central
Site No 2, Sector 44, Gurgaon
0124 - 4886400
Get Direction

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

Avail 10% early bird discount on 2 or more registrations till 21st April 2017


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

Note: Partial Registrations Not Allowed. Registration has to be done for both the days.

Modes of Payment and Registration

Online Registrations through Credit/Debit Card : Click Here


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


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