GST Migration - An Implementation Perspective Masterclass (Gurgaon)
GST in India is all set to come in in July 2017. The GST Council has finalised a four-tier GST tax structure of 5 per cent, 12 per cent, 18 per cent and 28 per cent. GST is just not a tax reform, it`s a much larger change with its impact on every function of a business and every sector of the economy. With the government committed to introducing GST from July 2017, its 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.
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 Practical Session on GST Migration 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.
Objectives of the Masterclass:
- Understand the basic mechanism of GST
- Better preparedness for implementation to minimize risk
- To build practical knowledge and analysis of GST obligations
- Understanding the technology infrastructure required in GST implementation
- 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
Technical Session 2: GST Impact Study on your Business functions
- Top line/ Bottom line
- Cash flows
- Compliance management
- Accounting/ Financial Statements
- Working Capital Management
Impact on Pricing, Costing and Margins
Sales & Marketing:
- Product pricing
- Promotional schemes
- Customer contracts
Impact of IT and Supply Chain
Impact on Support Functions - HR and Legal Functions
Technical Sesion 3: A Practical Guide to GST Migration
- Transition plan Formulation
- Identification of stages of implementation
- Revalidation of Business Impact
- Implementation Feasibility & Cost Benefit Analysis
- Finalising the implementation Plan
- Implementing the Migration Plan
- Stakeholder Communication
- Post Implementation Reviews
- Refinements of operating model if required
Technical Session 4: IT/ERP Implementation Plan for GST Migration
- System Change Roadmap
- Preparation before Change
ERP / IT systems upgrade
- Upgrade Methodology and Impact
- Master data transition
- Upgrade Execution
- Business process redefinition
Implementation and Going Live
Post Implementation Reviews
Technical Session 5: Getting your Supply Chain Ready for GST
- Impact on Supply Chain
- Key considerations for Changes in Supply Chain Network
- Supply Chain Reengineering for GST
Nitya Tax Associates
Puneet Bansal is the Managing Partner of Nitya Tax Associates. For the last 16 years, Puneet has advised leading Multinational and Indian companies in setting up operations in India, structuring business models & supply chains, optimizing tax exposures, contract review and undertaking compliance with Indirect tax laws. Puneet has a rich experience in litigation and has successfully represented clients` interests before various judiciaries pan India. He is a regular speaker in seminars/ workshops across India on diverse indirect tax issues.
Puneet specializes in laws relating to excise duty, service tax, customs duty including foreign trade policy and free trade agreements, value added tax (VAT), special economic zones (SEZ) and State Governments` incentive schemes.
Prior to NITYA Tax Associates, Puneet was a partner with BMR & Associates LLP and Lakshmikumaran & Sridharan in their indirect tax practice. Puneet is a member of the Institute of Chartered Accountants of India. He also holds Bachelor`s degrees in Commerce and Law from University of Delhi.
R N Marwah & Co. LLP.
Nitish Sharma is an Executive Director and leads the Indirect tax practice of R N Marwah & Co. LLP. He as an Indirect tax consultant has over eighteen years of experience in Indirect Taxes and WTO laws advisory, compliance and consultancy and India tax reform in relation to Goods and Service Tax. Has previously worked with PwC and Deloitte. He has advised large multi-national and Indian companies in Automotive industry, Power, e-commerce, Oil & Gas, Transportation, Consumer Goods, Pharma, Information Technology, FMCG, beverages, Real Estate, Defence and Aerospace, Telecom & Media, on structuring of transaction supply chains and business processes to optimize indirect tax incidence.
He has also assisted them in compliance of tax laws and has provided litigation support. Involvement has been across various industries and includes both domestic and cross-border transactions along-with meeting and discussion with Government, Tax and Regulatory Authorities. Assisted diversified conglomerates in setting up Indian operations and structuring/re-structuring their business operations. Diligence for leading funds to make investment in a company - both from buy and sell perspective. Structuring options in relation indirect tax in Mergers and Acquisitions. He has extensive experience of working on projects funded by multilateral/bilateral agencies and other specific organizations. He is member of prominent tax forums and active as speaker in various for a along-with views and articles on contemporary issues both in print and electronic media.
Saurabh Jain is a Director with the Management Consulting practice of PwC with a focus on Operations and Supply Chain. He possesses over 15 years of rich Industry and Consulting experience and has worked with clients across sectors such as Consumer products, Industrial products, E-commerce, and Telecom. He has led several marquee engagements in the areas of GST led Value creation, Supply chain optimisation, Strategic sourcing, Cost reduction etc. Besides that, he has worked on several global on-site projects in the US and UK as well.
He has done his BE in Mechanical engineering and PGD in Supply Chain from NITIE Mumbai. He also possesses six sigma and project management certification
Technical Director - IT Advisory practice
KPMG In India
Kapil Singhania is a Technical Director in the IT Advisory practice at the Gurgaon office of KPMG in India. He is a SAP Certified FI/CO Solution Consultant and a SAP FX-RE and SAP-SEM Consultant from SAP India. He has 18 years of experience in the diverse areas of Delivery Management, Solution Management, Pre Sales, Solution Architecture, Account Management, Practice Management and Management Consulting with focus on SAP initiatives.
Kapil has extensive hands on experience in handling various phases of SAP Implementation with sound understanding of its working in media, power, banking, nuclear power, manufacturing, mining, NGO, automotive, steel, service and PSU sectors. He has successfully corroborated with several customers accounts in defining the right business approach and tactics for ERP implementation and management so as to help them become high performance business. Has participated in engagements pertaining to risk assurance, pre implementation and post implementation reviews
He is one of the leading authority having understanding of IFRS as well as GST. He holds credit for authoring many books in the field of Accounting and Taxation some of which are recommended as mandatory readings in the professional examinations.
Gajendra Maheshwari is the Managing Partner of Reina Legal. He holds a Master Degree in Law and is also a qualified C.A. and I.C.W.A.
He has over 16 years of post-qualification experience in the field of litigation, advisory and policy advocacy. In the New Delhi, he has worked with PDS Legal and Ernst & Young (E&Y) for over eight years and was involved in providing litigation and advisory services on corporate and tax issues to clients from telecom, information technology, automobile, media, entertainment, financial services, oil and gas industries. Before moving to New Delhi in the year 2004, he had practiced in Rajasthan High Court for four years.
Gajendra is a regular faculty in seminars/ courses etc. on Taxes and other laws conducted across the country. Recently, Gajendra has also authorized a draft of the book “Service Tax – A Practitioner’s Perspective” published by the Institute of Chartered Accountants of India
Site No 2, Sector 44, Gurgaon
0124 - 4886400
Registration Fees: INR 8500 + 15% Service Tax per Delegate
Avail 10% early bird discount on 2 or more registrations till 10th March
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 : Click Here
For Offline registration through Cheque/DD/ and NEFT: Please contact the below mentioned:
Mob No: 8130826342