GST Implementation Masterclass (Chennai)
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
Lakshmikumaran & Sridharan
Parthasarathy Heads the Tax practice in L&S at Chennai and Hyderabad. He is also the All India Head for Intellectual Property (IP) practice.
He leads a team of lawyers and chartered accountants for advising companies on tax and corporate issues. He is considered an authority on customs law and procedures and other indirect taxes. He has extensive expertise in foreign exchange laws and foreign trade policy. He has addressed extensively on GST in the last 6 months in various fora.
He is an expert on trade remedy measures such as anti- dumping, anti-subsidy and safeguards, and has advised companies on WTO agreements and issues relating to MFN, national treatment, market access and adherence to bound rate commitments. He analyses and advises on WTO compatibility of different subsidies and export promotion schemes of the Government of India.
He draws from his considerable experience in litigation and expertise in law, accountancy and ensures that clients get effective and comprehensive support. His areas of special focus include engineering, chemistry, biotechnology and plant variety protection.
Price Waterhouse & Co LLP
K Sivarajan is a Partner in Indirect Taxes and part of the Tax and Regulatory Services team. He has over 20 years’ experience in advising clients on a range of Indian tax laws.
He specializes on Indirect Tax laws applicable on transactions in Goods and Services (including Central Excise, Customs, Service Tax, VAT, Foreign Trade Policy and SEZs). He provides advice to clients across industries engaged in manufacturing and services. He also represents clients before tax authorities, including Appellate Authorities and Tax Tribunals.
He is a member of the Economic Affairs and Taxation Panel of CII Southern Region and a member of expert committees on Indirect Taxes in other leading chambers. He is also the Convenor of the Study group of ICAI on at Chennai on Indirect Taxes and GST.
He is a Chartered Accountant, Cost and Works Accountant and a Graduate in Commerce and Law.
Sr. Director - Indirect Taxes
Deloitte Haskins & Sells LLP
Sayee Mohan is a Senior Director with Deloitte Haskins & Sells LLP Indirect tax practice in Chennai. He Mohan has 30 years of Industrial and consulting experience in handling all Indirect tax matters of Central Excise, Customs, Service Tax, Value Added Tax, 100% EOU Schemes, SEZ matters Foreign Trade Policy, FEMA and RBI related matters. He is presently based in Chennai.
He has handled assignments of various Indian and Multi-national clients and has been involved in contract/transaction structuring, planning reviews, compliance reviews, etc.
He has made many presentations in seminars organized by Trade Bodies/Professional Institutes & associations.
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.
564, Anna Salai, Teynampet, Chennai
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 9th 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