2nd GST Implementation Masterclass (Chennai)
GST in India is a reality now. The Rajya Sabha unanimously passed the 122nd Constitutional Amendments Bill on 3rd Aug 2016. Earlier, the finance ministry has already unveiled the Model GST Law after the approval of the empowered committee and also released a FAQs for business processes for returns and registrations. GST (Goods & Service Tax) is going to subsume most of the Indirect Taxes of our country such as Excise & Customs, Service Tax, VAT & CST, Entry Tax, etc and would bring in significant amount of change in way of doing business.
The Draft GST Law is a model, which the Central Government and each of the State Governments would use to draft their respective Central and State GST Acts. Further, a Draft of the Integrated GST (IGST) Act, 2016, which will govern levy of GST on inter-State supplies by the Central Government, is also issued. The Draft Model GST Law provides an insight on the governing provisions regarding levy and collection of GST, which consists of 162 clauses divided into 25 Chapters along with 4 schedules and Rules as to Valuation under GST. Further, the Draft Integrated (IGST) GST Act, 2016 is also issued, which consists of 33 clauses divided into 11 Chapters.
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 full day GST Implementation 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. Also we shall do in in-depth analysis of the Model GST Law to understand its intricacies.
Benefits of Attending:
- Core analysis of the Model GST Law to understand its various intricacies
- Understand the basic mechanism of GST
- Understanding the technology infrastructure required in GST implementation
- Better preparedness for implementation to minimize risk
- 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
- Meaning of Goods and Services
- Meaning and scope of supply
- Point of Taxation
- Times of Supply Rules
Levy of Tax and Exemptions
Draft Rules for Registration, Payment and Invoicing
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
Job Work under GST
Refund and Returns
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: Migration to GST - Are you Ready?
- What is going to change for you?
- Changes required in the entire value chain
- Major impact on your F&A, Legal, HR and other functions
- Changes in the entire Supply-chain management
- Change in IT systems
- Pricing, Costing, Margins
- Formation of Steering Committees
Lakshmikumaran & Sridharan
Parthasarathy Heads the Tax practice in L&S at Chennai and Hyderabad. He is also the All India Head for Intellectual Property (IP) practice.
He leads a team of lawyers and chartered accountants for advising companies on tax and corporate issues. He is considered an authority on customs law and procedures and other indirect taxes. He has extensive expertise in foreign exchange laws and foreign trade policy. He has addressed extensively on GST in the last 6 months in various fora.
He is an expert on trade remedy measures such as anti- dumping, anti-subsidy and safeguards, and has advised companies on WTO agreements and issues relating to MFN, national treatment, market access and adherence to bound rate commitments. He analyses and advises on WTO compatibility of different subsidies and export promotion schemes of the Government of India.
He draws from his considerable experience in litigation and expertise in law, accountancy and ensures that clients get effective and comprehensive support. His areas of special focus include engineering, chemistry, biotechnology and plant variety protection.
Advocate & Tax Consultant
Mr. K. Vaitheeswaran has over 26 years of experience in advisory capacity as well as through appearance before Appellate Authorities, Tribunals and Courts in matters arising under Income Tax Law, Excise & Customs, Service Tax, VAT, CST, FEMA and Company Law.
He advises clients across the country on various verticals such as manufacturing sector, retail, health care, hospitality, media and entertainment, information technology, education, logistics, infrastructure, real estate, shipping and aviation, travel and leisure, banking and financial services. He also advises various associations and Chambers of Commerce. He is a domain expert on VAT and wrote the first comprehensive book on the subject ‘VAT in India’ in 2005. He is the most sought after speaker on VAT, Service Tax, Excise & Customs and GST across the country and has addressed hundreds of seminars on the said topics.
He is part of the working group on GST – CII (Southern Region) and currently the Chairman of the Expert Committee on Indirect Taxes, Madras Chamber of Commerce and Industry.
He obtained his law degree from the Madras Law College and enrolled as an Advocate in 1990. He also has obtained Grad. CWA from the Institute of Cost and Works Accountants of India and has completed ACS from the Institute of Companies Sectaries of India.
Indirect Tax Specialist
Fellow Member Of ICAI
M G Ramachandran is an Indirect Tax Specialist and a Fellow member of the Indian Institute of Chartered Accountants.
He has been advising on cross border transactions of multinational corporations for setting up their operations in/outside India in compliance with tax and regulatory laws of respective jurisdictions. He nearly two decades of experience in consulting and representing the clients in tax matters before various forums. He has served varied nature of clients while specializing on automobile, technology and media sector. He has assisted clients in GST impact studies across auto, pharma, logistics and other industry segments.
He has been member of Finance and taxation committee of CII AP until March 2014. He has authored articles in business magazines / dailies and presented on technical subjects in seminars organized by professional and industrial bodies.
Renowned Author of numerous Indirect Tax Books
Ex Sr. Advisor KPMG and Ex Director Grant Thornton India
Mr. PL. Subramanian is a practicing Chartyed Accountant. In the past he was a Senior Advisor with KPMG and before that he has worked with Grant Thornton as a Director in their Indirect Tax Practice in Mumbai and prior to that with Deloitte Haskins & Sells. He has Worked as General Manager with H & R Johnson India Ltd for 10 years and had handled All India Accounts, Direct Taxes, Indirect Taxes, Commercial aspects of Exports and Imports, Management Audit etc.
He is a renowned author and has authored numerous books on Direct and Indirect Taxes. His latest one is on GST titled, Guide to GST Model Law - 3rd Edition published by Snow-white Publications.
Some of this authored books are:
- Practical Guide to Limited Liability Partnership
- Guide TDS, TCS and Advance Tax
- A Practical Guide to Capital Gain Tax, Security Transaction Tax and Gift Tax
- Simple Guide to Service Tax
- Service Tax - Ready Recknoner
- Analysis of Works Contract with Reference to MVAT, Service Tax and Other Tax Laws
- Commentary on the Maharashtra Value Added Tax Act, 2002
- Simple Guide to Maharashtra VAT and Allied Laws
- Master Guide to MVAT and Allied Taxes
- Guide to CST
- Guide to Bombay Sales Tax and Allied Tax Laws
- Simple Guide to Sales Tax
- Guide to Professional Tax
Indirect Tax Specialist
Associate Member of ICAI
He has specialized experience spanning more than 6 years in indirect taxes covering central excise, customs, service tax, VAT / CST and GST. He has represented before Adjudication and Appellate Authorities. He provides assistance in client’s tax compliance management on pan India basis. He does Analysis and advisory on benefits of Free Trade Agreements / Foreign Trade Policy. He also advises on structuring the Indirect taxes of clients by evaluating their business models
He is a Visiting Faculty at Loyola Institute of Business Administration (LIBA), Chennai, for Indirect Tax. He has made presentations at National Academy of Customs Excise and Narcotics (NACEN), ICAI and various trade forums
564, Anna Salai, Teynampet, Chennai
Registration Fees: The investment for this full day training program is INR 8,000 + 15% Service Tax per delegate
Early Bird Discount: 10% early bird discount on 2 or more registrations till 4th Nov 2016
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