Revised GST Model Law Masterclass (Mumbai)
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
The Anti Profiteering Clause
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
Partner, Indirect Taxation
SKP Business Consulting LLP
With over 14 years of experience, Pratik heads the Indirect Tax practice at SKP. A qualified Chartered Accountant, he also holds an Advance Diploma in Indirect Taxes. Pratik has successfully handled indirect taxation matters across sectors such as pharmaceuticals, construction, infrastructure, information technology, hygiene, finance, oil refineries, manufacturing and services.
He specialises in handling VAT compliances across India, advising clients on tax efficient supply chain set-up and distribution, conducting diagnostic reviews on potential indirect tax leakages, preparing financial models and structuring transactions to mitigate tax exposure. He has substantial expertise in conducting due diligence reviews, feasibility studies and location analysis for business establishments in India. He has assisted various companies in setting up in Special Economic Zones (SEZs) in India. Apart from writing various articles for prominent taxation alert / update websites for GST, he has conducted seminars on implementation of GST to several trade associations such as National Association of Software and services Companies (NASSCOM), CII, Swiss India Chamber of Commerce, Swiss Global Enterprise, etc.
Grant Thornton India LLP
He started his career with the RPG Group (CEAT) and spent 10 years handling their sales tax matters. He also has 14 years of consulting experience with a Big 4 Firm providing high-end VAT structuring, VAT compliance project management, litigation and representational work for several large corporates across various sectors which includes Manufacturing, Real Estate, Telecom, Media, FMCG, and Pharma. In his role of project manager for several multi national companies, Biren was instrumental in structuring the transition from erstwhile Sales Tax regime to the Value Added system of taxation.
Sthir Advisors LLP
Amitabh Khemka is a Chartered Accountant and Cost Accountant. He has 20 years of total experience with more than a decade in leadership roles. He is currently Chief Operating Officer at Sthir Advisors LLP; a professional services firm, specializes in Indian indirect taxes and foreign trade policy. Before Sthir Advisors, Amitabh has worked with BMR Advisors, Vodafone India: as country-head for indirect tax function and KPMG. Before joining KPMG, Amitabh was Partner, with an internationally affiliated mid-size CA firm heading the audit and consultancy services, where his work experience included the areas of audits, direct taxes, corporate laws, mergers and demergers, foreign exchange regulations.
In indirect taxes, his area of focus is tax cost optimization and tax efficiency opportunities, transaction structuring and supply chain mapping, risk mitigation, ‘standardize, automate & implement’ tax processes, advocacy & representations, litigations and the GST implementation and related support.
He has been a member of ‘Working Group on GST’, a sub-group of the Empowered Committee of State Finance Ministers. He has led industry representations on indirect taxes (including GST) on behalf of industry forum/s to Central Government (Ministry of Finance, Department of Telecom, regulatory authorities) and State Governments. He is a member of Indirect Taxation Committee of India Merchants’ Chamber (since April 2010) and the Chamber of Tax Consultants.
Udayan has been working in indirect taxes for over 15 years serving multinational corporations and India’s largest businesses. Udayan`s area of focus is tax-optimised supply chains, and tax litigation. He has previously worked at Big 4 and prominent law firms in India. Udayan also spent time in the UK on a secondment to study European VAT.
Udayan takes active interest in tax policy initiatives and is a member of the indirect taxes committees of prominent professional bodies and business chambers. He is particularly dedicated to developments in customs, trade and transfer pricing and has also authored representations to the CBEC and State Governments on several tax issues.
Udayan has been named in International Tax Review’s listing of Indirect Tax Leaders for the past 3 years.
Udayan speaks regularly at seminars and training programmes on GST, and has been part of representations by trade and professional bodies on the Model GST Law. He has also conducted training programmes for the Assam State Tax Department on GST.
Juhu Beach, Mumbai
022 - 26112323