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
- Late Fees for delay in filing GST Returns
- Points of caution while filing GST Returns
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
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 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.
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 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
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.
Athena Law Associates
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.
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
Site No 2, Sector 44, Gurgaon
0124 - 4886400
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:
Mob No: 8130826342