GST - Current State, Issues & Challenges (Chennai)
GST is the largest tax reform India has ever seen. Moving from multicplicty of taxes to a one tax one market scenario has no doubt broogh a lot of simplification in the realm of Indirect Taxation in India. However owing the its hasty and hurried implementation, the not so full preparation of of the Government, The Technology backbone GSTN and Tax Administration as a whole is showimg up now. There`s has been a large hue and cry in the industry owning to constant failure of the system and the presence of lorge ambiguity in critical areas. The givernment is constantly working on the pain areas and is sympethatic while listening to the industry concerns. This reflects in the changes in brought in to provide relief to the exportes and small businesses in the GST Council meeting in October 2017.
The Council has rationalised rates on over 100 commodities and made refund process easier for exporters. Also, it decided to increase the turnover threshold for composition scheme, under which businesses can pay taxes at a nominal rate from Rs. 75 lakh earlier to Rs. 1 crore. Small businesses with up to INR 1.5 crore turnover have been allowed to file returns and pay taxes quarterly, as against monthly earlier. The Government is expected to bring out further more changes and clarity in the 23rd GST Coucli Meeting scheduled on 10th Nov in Guwahati.
To keep a track of these changes and appraise its impact on the industry, CorpKonnect is hosting a Full Day Masterclass on GST - Current State, Issues and Challenges.
Objectives of the Masterclass:
- Understand the current structure of GST
- Understand the recent changes in the law
- Address your pain points and concerns related to returns filing
- To build practical knowledge and analysis of GST obligations
- Understanding the Key areas of Input Tax Credit
- Get answers to your queries on transitional credit and related issues
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: Current structure of GST
- Issues Related to Exports and Latest Developments
- Various Supply Related Issues
- Reviews of various writs filed in High Courts
- Concept of High Sea Sales
- GST Implications of Sale of Capital Goods
- Payment of GST on advance Payments and recent changes in Law
- Issues related to Free Supply
Technical Session 2: Input Tax Credit Issues
- Journey till now
- Pressing Issues with Transitional Credit
- Claim and Restrictions
- Distribution of Credit by ISD
- Issues related to place of Business
Anti-Profiteering – How it is going to be like
Technical Session3: Place of Supply including cross border transactions
Technical Session 4: Issues Related to Returns:
- Major Pain Points in Filing Returns – Experience till now
- Mismatch in returns and way forward
- Common Mistakes in return filings
- Valuation of inter branch transactions from returns perspective
Works Contract Related Issues with Latest Developments
Director - Indirect Tax
Rajaram is a Director with Ernst and Young India’s Indirect Tax practice and is based out of Chennai. He has more than 10 years of experience in Indian tax and regulatory matters. He has significant experience in indirect tax (including GST) and regulatory matters catering to a number of industry verticals – Aviation, media and entertainment, consumer products, IT and ITES, Real Estate, etc. He also engages in Transaction Tax support in mergers and acquisitions.
He has involved in several indirect tax assignments involving advisory, litigation, compliance for various clients in Chennai. He assists key clientele in impact assessment and implementation assistance with respect to GST transition / preparedness. He has assisted many clients with ideating and implementing value based service offerings like tax optimization strategies, export promotion schemes advisory and implementation, supply chain planning etc.
He advises clients on matters related to compliances under VAT and Service tax. He has extensive experience on litigation matters – both in appearing in person and briefing Senior Counsels before adjudicating and Appellate Authorities. He also carries extensive experience in advising multinational companies on SEZs, STPI and similar schemes and planning for entry into India in a tax efficient manner by undertaking tax modelling studies.
Director Indirect tax
Grant Thornton India LLP
Sivakumar Ramjee is a Qualified Chartered accountant and Company secretary with around 14 years of post-qualification experience in advising clients spanning across various industries in areas of Tax Optimized Billing and Transaction structuring, Indirect tax litigation, Diagnostic reviews, GST Impact analysis, Advice management on Key GST decision and action points for industry etc. He has led various tax optimization projects both in Consulting and Industry
He has around 7 years experience working in Big 4 Tax consulting Firms such as PwC, EY & KPMG and has around 6 years experience working in Manufacturing and EPC Industry. He has adviced many Large Corporates like Daimler, Gamesa, TVS motors, Hyundai, Renault-Nissan, BMW etc during his consultancy stint. Prior to joining the Firm, Siva was heading Taxation for Leading Renewable Energy Company viz Gamesa Renewable Pvt Ltd..
He has also been a speaker and written many articles on key indirect tax issues including proposed GST regime and its impact areas and has attended many GST sessions as speaker as well as participant
Lakshmikumaran & Sridharan
Raghavan is a Chartered Accountant turned-lawyer and has more than 13 years of experience in handling litigation matters relating to Service Tax, VAT and other areas of Indirect Taxes before various forums.
He presently heads the GST, Service Tax & VAT practice of the Chennai and Hyderabad branches of Lakshmikumaran & Sridharan. He is also a prolific speaker and has imparted knowledge in various forums, seminars and training programs to participants from organizations with varied businesses and interests related to production and services.
Partner - Indirect Tax
A. K. Lunawath & Associates
Sumit Kedia is a qualified Chartered Accountant. He advises clients across various verticals such as Manufacturing, Service, Trading, Construction, Infrastructure, Educational & Entertainment Sector. He is Faculty on GST at Institute of Chartered Accountant’s of India (ICAI). Director at International Chamber of Indirect Tax Professionals (ICITP). He was awarded as the best emerging speaker at the Chartered Accountant Study Circle for the financial year 2015 – 2016.
He has made presentations at Institute of Chartered Accountants of India (ICAI,) National Academy of Customs Excise and Narcotics (NACEN), Service tax & Central Excise Commissionerate, Large Tax Payer Unit (LTU), Chartered Accountant Study Circle, Independent financial professional association, various academy’s, Large / Mid-size Corporates and various other trade forums.
He is part of panel discussion on GST at the study circle of the Institute of Company Secretaries of India and at International Chamber of Indirect Tax Professionals (ICITP). He is continuing for third year as an Indirect tax expert committee member at the prestigious Hindustan Chamber of Commerce.
564, Anna Salai, Teynampet, Chennai
Registration Fees: INR 8,500 + 18% GST Per Delegate
Avail 10% early bird discount on 2 or more registrations till 10th Nov 2017
Note: The fees would include Course Material, Participation Certificate and Lunch & Refreshments at the Hotel
Modes of Payment and Registration:
Online Registrations through Credit/Debit Card :
For Offline registration through Cheque/DD/ and NEFT: Please contact the below mentioned:
Mob No: 8130826342