2nd GST Implementation Masterclass (Gurgaon)
GST in India is a reality now. Many trade pundits are predicting its arrival in the Indian Business Geography from April 2017. The Rajya Sabha unanimously passed the 122nd Constitutional Amendments Bill on 3rd Aug 2016. Earlier, the finance ministry has already unveiled the Model GST Law after the approval of the empowered committee and also released a FAQs for business processes for returns and registrations. GST (Goods & Service Tax) is going to subsume most of the Indirect Taxes of our country such as Excise & Customs, Service Tax, VAT & CST, Entry Tax, etc and would bring in significant amount of change in way of doing business.
The Draft GST Law is a model, which the Central Government and each of the State Governments would use to draft their respective Central and State GST Acts. Further, a Draft of the Integrated GST (IGST) Act, 2016, which will govern levy of GST on inter-State supplies by the Central Government, is also issued. The Draft Model GST Law provides an insight on the governing provisions regarding levy and collection of GST, which consists of 162 clauses divided into 25 Chapters along with 4 schedules and Rules as to Valuation under GST. Further, the Draft Integrated (IGST) GST Act, 2016 is also issued, which consists of 33 clauses divided into 11 Chapters.
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 GST Implementation 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. Also we shall do in in-depth analysis of the Model GST Law to understand its intricacies.
Benefits of Attending:
- Core analysis of the Model GST Law to understand its various intricacies
- 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 GST
- The GST model in India
- Meaning of Goods and Services
- Meaning and scope of supply
- Point of Taxation
- Times of Supply Rules
Technical Session 2: Input Tax Credit
- 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
Levy of Tax and Exemptions
Refund and Returns
Technical Session 3: IGST Model for Inter State Supply
The Integrated Goods And Services Tax Act, 2016
- Principles of Determination of place supply in Inter State Supply
- Levy and collection of IGST
- Place of supply of goods
- Place of supply of services
Payment of tax, interest, penalty and other amounts
Technical Session 4: Migration to GST - Are you Ready?
- What is going to change for you?
- Changes required in the entire value chain
- Major impact on your F&A, Legal, HR and other functions
- Changes in the entire Supply-chain management
- Change in IT systems
- Pricing, Costing, Margins
- Formation of Steering Committees
Director - Indirect Tax Practice
BMR & Associates LLP
Anshul Aggarwal is a Director of the Indirect Tax advisory practice at BMR & Associates. She has an experience of over 8 years in indirect taxation during which she has been extensively involved in advising multinational and domestic companies across a range of sectors such as Infrastructure, Power, Oil & Gas, FMCG, Media etc. Anshul has a rich, practical & varied experience in advising clients in the areas of Customs, Central Excise, VAT/CST, Service tax and Foreign Trade.
Particularly specializing in the Oil & Gas sector, Anshul hasadvised various companies including Petronet LNG, Hazira LNG, GSPL, Sabarmati Gas, PGS and has also advised various power sector players like Tata Power, BS Ispat, Jayaswal Neco
She is a Chartered Accountant by qualification and is a regular speaker at various industry forums including ICAI, CII, Chamber of Tax Consultants etc.
A2Z Taxcorp LLP
Bimar Jain is the Executive Director of A2Z TaxCorp LLP. His core competency and area of expertise includes GST, Corporate Taxation, International Taxation, Corporate and Commercial Laws and specializes in all aspects of Indirect and direct tax laws viz. Excise, Service Tax, Customs, Sales tax/ VAT laws, free trade/ economic cooperation agreements, anti-dumping duty, foreign trade policy, transfer pricing, corporate taxation, etc. and carries with him a blend of industrial and professional experience.
He has hands on experience in carrying out diagnostic review of business operations, structuring of business model, litigation support at all appropriate forum, representation before the CBEC/ CBDT/ DGFT, etc. for various matters concerning to trade, industry and commerce and Strategic legal consulting & Tax advisory and presently advising a number of clients across diverse sectors.
He is presently advising clients across diverse sectors in the matters of Tax compliance, Tax planning, Building proper tax system for the Organization be it Cenvat, VAT, GST, TDS, Refund mechanism, etc., Tax Litigation and advisory services, joint ventures, corporate restructuring, mergers and acquisitions, oppression and mismanagement of companies, corporate disputes and SEBI matters including insider trading, buy back of shares and takeover code.
He is also:
- The Chairman of Indirect Tax Committee of PHD Chamber of Commerce
- Member of Indirect Tax Committee of ASSOCHAM/ FICCI
- Member of GST Committee of ICAI/ ICSI
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.
Grant Thornton Advisory Private Limited
Manish Mishra is a Partner with the Indirect tax Practice at the New Delhi office of Grant Thornton Advisory Private Limited
He possesses more than 17 years of experience in Indirect taxation across diverse sectors. In the past, Manish has worked with renowned law firms and consulting organisations. He has also worked with one of the largest downstream Oil & gas companies in India, supervising their Indirect tax functions.
His areas of expertise include advising clients on tax-optimum transaction structures, logistics and supply-chain management, contract drafting and reviews, tax diagnostics reviews and advising clients on transition to forthcoming GST regime. He regularly appears before various adjudicating and appellate authorities on behalf of the clients for tax related litigation. He has contributed articles on topical issues in various publications and presented papers on relevant tax issues at various business chambers/ forums.
Manish is a qualified Cost Accountant and MBA with specialization in Finance. He also holds a degree in law.
B - Block, Sushant Lok, Phase - 1, Gurgaon
0124 - 4100555
Registration Fees: The investment for this full day training program is INR 8,500 + 15% Service Tax per delegate
Early Bird Discount: 10% early bird discount on 2 or more registrations till 2nd Sep 2016
For Online Registration through Credit Card/Debit Card: Please Click Here
For Offline registration through Cheque/DD/NEFT, please contact
Mob: +91- 8130826342