Revised GST Model Law Masterclass (Chennai)

A revised Model GST Law with some new sections, chapters and schedules in both CGST/SGST Law and IGST Law along with a Draft GST Compensation Bill has been released by the government of 26th Nov 2016. Earlier this year on June 14, the government had shared the draft Model GST law for public feedback and comments.

The revisions in the Model GST law indicate that the government has gone through and incorporated the feedback and comments received from various stakeholders. Proposed to be introduced in the Parliament, these bills are in near final form and provide the clearest ideas about GST till date. 

There are some important changes in rebvised model law like the exclusion of securtites from teh GST ambit, introduction of an anti- profiteering clause to pass on the benefits to customers, comprehensiive transitional provisions, extension of place of supply beyond national boundaries, etc.

CorpKonnect is organizing  full day masterclass to discuss upon the new changes proposed in the new model law and it`s impact on the industry and implemntation.

Benefits of Attending:

  • Core analysis of the Revised Model GST Law to understand the changes introduced
  • 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 the Revised GST Model Law

  • Changes in the Revised CGST/SGST Law
  • Meaning of Goods and Services
  • Meaning and scope of supply
  • Point of Taxation
  • Times of Supply Rules

Treatment of Supply without consideration

Levy of Tax and Exemptions including new exemptions introduced


Technical Session 2: Input Tax Credit

  • Model GST Law vs Credit Rules
  • Input Service Distributor
  • Transfer of Credit
  • Credit on Capital Goods
  • Conditions for availing credit
  • Matching Concept
  • Restrictions
  • Utilization


The Anti Profiteering Clause


Transitional Provisions

 

Technical Session 3: The Revised IGST Model Law

  • Changes in revised IGST Model Law
  • Principles of Determination of place supply in Inter State Supply
  • Revised place of supply provisions
  • Levy and collection of IGST
  • Taxation of Supplies between principals and agents

Valuation of Supplies


Technical Session 4: 
Migration Planning to GST

  • Impact assessment analysis
  • Supply chain
  • IT systems
  • Pricing, Costing, Margins
  • Major impact F&A, Legal and HR Functions
  • Formation of Steering Committees



N V Raman
Director
Grant Thornton India LLP

NV Raman is a Director with the Indirect Tax Practice of Grant Thornton India LLP at the firm’s Bangalore office. He 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. He expertise in Special Economic Zones & Technology Parks/Export Oriented Undertakings related matters right from Advisory to implementation of setting-up.

He 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.


Karthik Sundaram
Counsel
Karthik Law Chambers

Karthik Sundaram, is a qualified advocate with more than a decade of experience in the field of  indirect taxes and commercial litigation. He graduated from the Symbiosis Law College, Pune and currently has his own independent law practice in Chennai. His area of specializationincludes Customs, Excise, VAT, Service tax, Foreign Trade Policy, and, the emerging GST law.  

He was previously a partner with Economic Laws Practice- Chennai (‘ELP’), a leading pan India law firm specializing in taxes and was heading their Chennai practice. He has also worked as Junior counsel to eminent Senior Counsel – Mr. Arvind P. Datar, and, was prior to that a part ofthe Mumbai office of ELP. 

Karthik has been instrumental in effectively advising various multi-national companies and large Indian companies on their indirect tax related issues across diverse industry segments. He has also been involved in various leading tax litigation(s) in Chennai and his practice covers representation before the adjudicating authority, Appellate Tribunal and the High Court. 

He was a part of the Expert Committee on Indirect taxes of the Madras Chamber of Commerce and has many publications in leading tax journals to his credit. He has also been recognized for his work in the RSG-India Report 2015.  


G. Natarajan
Sr. Partner
Swamy Associates

Shri. G. Natarajan, is an advocate by profession. He is also an Associate Member of ICMA (ICWA). He has a decade of experience in the Customs and Central Excise department and more than 13 years of practice in all benches of CESTAT and various High Courts. He co-heads the Pan – India operations of the firm Swamy Associates, which is a multi locational legal firm with specialised focus on Central Excise, Customs, Service Tax, GST and allied laws.

He is a well known writer on the subject and more than 400 articles have already been published in the leading magazines / portals on taxation, namely, Excise Law Times, Service Tax Reporter, taxindiaonline.com, etc.  His recent series of articles on GST, titled “Treading the GST Path” are regularly hosted in taxindiaonline, wherein incisive analysis of the model GST is made. 

He regularly gives post-budget presentations and various other presentations on the subject, presentations on GST, before various industrial forums and industrial houses across the country. To name a few, Various Chapters of Builders Association of India, various chapters of Confederation of Indian Industry, Indian Chamber of Commerce and Industry, Coimbatore, Southern India Engineering Manufacturers Association, Coimbatore, Tamilnadu Spinning Mills Association, Institute of Chartered Accountants of India, ICMA, Tamilnadu Windpower Association, International Chamber of Indirect Tax Professionals, Hindustan Chamber of Commerce, Association of Chartered Accountants, etc.  


Vineet Suman Darda
Director
Ernst & Young LLP

Vineet is a qualified Chartered Accountant, Company Secretary and Cost and Management Accountant (F) with more than 11 years of post qualification experience in indirect taxes and commercial. He handles various clients in different sectors in Chennai in providing advice and assistance to clients in the field of indirect taxes.

He has worked with leading players in diverse industry sectors such as Logistic, Auto Component, Financial Services, Technology, infrastructure and hospitality for addressing their concerns under indirect taxes. He assists in litigation management, involving preventive, diagnostic and rectification studies on areas where disputes with Authorities either occurred or are likely to occur. He provides advice, compliance assistance and litigation support on Central & State indirect tax laws. He provides Statement of Operating Procedures (SoP) for a Special Economic Zone’s developer, co-developers and units to aid in setting up its SEZ and indirect tax function in India (involving providing documentation and accounting processes



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