GST - Current State, Issues & Challenges (Mumbai)
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
Mr. Ranjeet Mahtani is a Partner in the Taxation practice of Economic Laws Practice (ELP) and has been with the firm since 2007. Ranjeet is qualified as an advocate and a chartered accountant, and is based in Mumbai. Prior to ELP, Ranjeet was with Deloitte Haskins & Sells.
Ranjeet advises on all direct and indirect taxation issues; and specialises in all nature of indirect taxes including central excise duty, customs duty, sales tax/ VAT, service tax and entertainment tax as also the foreign trade policy of India. He has advised and appeared across fora in litigation matters for clients in the shipping, media, banking and insurance, oil & gas, and telecom sectors amongst others.
Ranjeet is involved and engaged in various GST assignments involving Government advocacy (representation), impact analysis and transition support.
Partner - Indirect Taxation
SKP Business Consulting LLP
Manager - Indirect Taxes
Skp Business Consulting LLP
Rebecca has more than 5 years of experience in handling advisory and compliance assignments mainly under Service tax, SEZ, GST, FTP, Customs and Excise legislations. She has been working with clients in multiple industries including on manufacturing sector, financial institutions, telecommunication, infrastructure and service industry. She has been handholding various clients in these industries for GST implementation. She has spoken on various platforms of industry and trade associations for GST trainings and seminars.
APMH & Associates
Pranav’s expertise lies in GST Advisory,GST Advance Ruling, GST Transaction Advisory and GST Classification Consulting. He has been an expert consultant to large corporates with presence in Multiple States with complex structures in the Indirect Tax. Pranav lucidly deals in complex legal matters like Works Contracts (WCT), DDQ (Determination Disputed Question) now called Advance Ruling (AR), Assessments and Appeals related to VAT and Allied Tax Laws.
Pranav is also an expert consultant on VAT for Corporates and Multinationals in GCC region, mainly Saudi Arabia and UAE. He is the President of The Goods & Service Tax Practitioners Association (GSTPAM) of Maharashtra. Pranav is also part of the Indirect Tax Research Committee of the WIRC of ICAI. He has been past Chairman of Indirect Tax Committee of The Chamber of Tax Consultants for 2014-15 and past Convenor of Ghatkopar CPE Study Circle of ICAI. Pranav has addressed various seminars and lectures on MVAT and CST & GST at the GSTPAM, Chamber of Tax Consultants, WIRC Study Circles of ICAI and various Industrial Associations in Mumbai and across Maharashtra. He has also bagged various awards at the GSTPAM.
International Airport Approach Road, Next to Leela, Marol, Andheri (E), Mumbai
Registration Fees: INR 8,500 + 18% GST Per Delegate
Avail 10% early bird discount on 2 or more registrations till 14th 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