GST - Post Migration Masterclass (Mumbai)

GST has been introduced in India from 1st July 2017. Post Migration there are a lot of key areas of concern like Immediate Compliance requirements, Input Tax Credit Mechansim, Payment of Taxes, Maintenance of Accounts, Invoicing. There are key very large areas of concern for the industry like Anti Profiteering Mechanism and the newly introduced E Way Bill where there`s a lot of information still under the wraps. Post Migration there are expectations on clarity on some of these issues from the government.

In order to address those key areas of concern, CorpKonnect is organizing a Full Day Methodical Masterclass on GST - Post Migration Issues and Key Focus Areas of compliance.

Objectives of the Masterclass:

  • Understand the basic mechanism of GST
  • Better preparedness to comply with immediate compliance requirements
  • To build practical knowledge and analysis of GST obligations
  • Understanding the Key areas of Input Tax Credit for business benefits
  • 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

Session 1: Concept of Indian GST

  • Concept of `Supply`
  • Supply without Consideration
  • Time of Supply
  • Place of Supply

GST Latest Developments

GST – Key Impact Areas on Business Functions

Session 2: Input Tax Credit Mechanism under GST

  • Taking input tax credit
  • Taking input tax credit in respect of inputs sent for job work
  • Distribution of credit by Input Service Distributor
  • Recovery of credit distributed in excess
  • Transfer of input tax credit

Anti-Profiteering – Industry Issues

Composition Levy, E Way Bill and Other Issues

Other key concern areas post Migration

Session 3: GST Compliance – Deadlines and Processes

GST Return Filing Process & Due Dates:

  • Filing GSTR-1
  • Filing GSTR-2
  • Filing other forms
  • Invoice Matching
  • Late Fees for delay in filing GST Returns

Payment of Taxes – Rules and Process

  • Main features of GST payment process
  • Payment Options
  • All other intricacies related to Payment of GST

Reverse Charge Mechanism and Related Developments

GST – Accounts Maintenance and other Key Areas

  • Classification of Goods and services
  • Maintenance of Accounts
  • Tax Invoice, Bill/Cash Memo
  • Debit Note/ Credit Note

Session 4:
Key Compliance Issues still left in the bucket Post Migration 

  • Input/ Input services in transit
  • Last Returns before GST Returns
  • Input on Tax Paid Stock
  • Sales Return
  • Price revision of existing contracts
Ashit Shah
Partner - Indirect Taxation
Shah & Savla LLP, Chartered Accountants

Rebecca Pinto
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. 

Shivendra Dwivedi
Manager - Indirect Taxes
Skp Business Consulting LLP

Shivendra has more than 6 years of experience in handling advisory and compliance assignments mainly under Service tax, Customs, GST, FTP, and Excise legislations. His expertise also includes handling litigation for service industry. His client list covers companies in manufacturing, chemical and financial sectors. He has been pivotal in supporting various clients for GST implementation support and filing representations under GST.


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