3rd 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
Gautam is a Partner in Tax & Regulatory Services practice of PricewaterhouseCoopers, India. He joined PwC in December 2002 and has about 12 years’ experience in Customs and VAT consulting.
Before joining PwC, Gautam has worked with a reputed Law firm inIndiadealing in tax matters.
Gautam has vast experience on Customs and VAT laws which include tax optimization, conducting diagnostic reviews, bid advisory, VAT impact assessments etc. He has also been actively involved in advisory and compliance work for various sectors of industry. He frequently interacts with the Central Board of Excise and Customs (CBEC) and the Tax Authorities including various Commissionerates on matters involving planning, valuation of imported goods, customs duty exemptions, usage of export/import incentives schemes, setting-up and functioning of units in free trade zones.
Gautam has made numerous presentations on indirect tax matters both at the national as well as the international fora, particularly on customs and service taxes. He is also a panelist/participant in indirect tax issues on national TV during the budget session.
Gautam did his graduation in economics and also holds a Law degree (LLB) from University of Delhi.
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.
Lakshmikumaran & Sridharan
Shivam is working as a Joint Partner with Lakshmikumaran & Sridharan and is leading a team of professionals rendering advisory services to Indian as well as Multi-national organizations engaged in manufacturing sector. He has a rich experience in indirect tax laws covering Central Excise, Cenvat Credit, Service Tax and CST.
Besides involved in various structuring transactions, Shivam has been actively involved in various indirect tax compliance reviews and has conducted many reviews for various multinational corporate.
Shivam has been a part of team involved in research and building knowledge base for upcoming GST and has done in-depth study of GST laws of countries like Australia, UK and Canada.
Shivam has contributed various articles in national as well as inter-national magazines.
He is a Chartered Accountant, Advocate and also holds a degree of Bachelor of Commerce.
KPMG In India
Sanjay Garg, a recognized indirect tax specialist, is a partner with KPMG in India. He has over 17 years of experience in advising clients and other support services on matters pertaining to Indirect taxes such as VAT, Service tax, Excise duty, Customs duty, Entry tax, Research & Development Cess etc. Sanjay has also worked with Ernst and Young in India.
His functional expertise includes Tax planning from an Indirect tax perspective, Representation before authorities in relation to Indirect taxes in India, Business structuring & has varied industry experience in VAT and Service tax advisory and compliances. He has been assisting insurance, telecom. And technology clients in relation to service tax issues. In the Telecom sphere, he has assisted key players across the entire Industry spectrum – Operators, Equipment vendors, Hand set vendors, VAS providers.
He helps clients in Representation support in tax audits /assessments and assists in tax appellate proceedings (drafting of appeals, representation before the appellate authority, briefing counsels, etc. He also extends advisory and other support services to clients on IDT matters, such as customs duty, VAT rate and concessions, levy of Anti-dumping duty on Telecom products and service tax and Customs duty refund.
Site No 2, Sector 44, Gurgaon
0124 - 4886400
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 14th Oct.
For registrations, please contact:
Mob: +91- 8130826342