2nd GST Implementation Masterclass (Mumbai)
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
- Vendor Management
Lakshmikumaran & Sridharan
Badri Narayanan is a litigator practicing at the firm in the area of tax, intellectual property and regulatory laws. His practice has focused on advocacy practice for services and technology companies before the Bombay High Court, Tribunals and quasi-judicial authorities.
Prior to joining the firm, Mr. Narayanan practiced as an intellectual property lawyer in the United States and has drafted and negotiated intellectual property licensing and cross-licensing arrangements. He was also involved in several patent litigation matters in the United States.
Mr. Narayanan holds Bachelor’s Degree in Physics from St. Stephen’s College, University of Delhi, Law Degree from the University of London and Master’s Degree in Law from the Cornell Law School. He is admitted to practice in India and New York and is a qualified patent agent in India.
Partner, Indirect Taxation
SKP Business Consulting LLP
With over 14 years of experience, Pratik heads the Indirect Tax practice at SKP. A qualified Chartered Accountant, he also holds an Advance Diploma in Indirect Taxes. Pratik has successfully handled indirect taxation matters across sectors such as pharmaceuticals, construction, infrastructure, information technology, hygiene, finance, oil refineries, manufacturing and services.
He specialises in handling VAT compliances across India, advising clients on tax efficient supply chain set-up and distribution, conducting diagnostic reviews on potential indirect tax leakages, preparing financial models and structuring transactions to mitigate tax exposure. He has substantial expertise in conducting due diligence reviews, feasibility studies and location analysis for business establishments in India. He has assisted various companies in setting up in Special Economic Zones (SEZs) in India. Apart from writing various articles for prominent taxation alert / update websites for GST, he has conducted seminars on implementation of GST to several trade associations such as National Association of Software and services Companies (NASSCOM), CII, Swiss India Chamber of Commerce, Swiss Global Enterprise, etc.
Grant Thornton India LLP
He started his career with the RPG Group (CEAT) and spent 10 years handling their sales tax matters. He also has 14 years of consulting experience with a Big 4 Firm providing high-end VAT structuring, VAT compliance project management, litigation and representational work for several large corporates across various sectors which includes Manufacturing, Real Estate, Telecom, Media, FMCG, and Pharma. In his role of project manager for several multi national companies, Biren was instrumental in structuring the transition from erstwhile Sales Tax regime to the Value Added system of taxation.
Senior Partner - Indirect Tax
CNK & Associates LLP
Balraj Sahani Marg, Juhu Beach, Mumbai
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 18th Aug 2016
For Online Registration through Credit Card/Debit Card: Please Click Here
For Offline registration through Cheque/DD/NEFT, please contact
Mob: +91- 8130826342