Revised GST Model Law Masterclass (Gurgaon)
A revised Model GST Law with some new sections, chapters and schedules in both CGST/SGST Law and IGST Law along with a Draft GST Compensation Bill has been released by the government of 26th Nov 2016. Earlier this year on June 14, the government had shared the draft Model GST law for public feedback and comments.
The revisions in the Model GST law indicate that the government has gone through and incorporated the feedback and comments received from various stakeholders. Proposed to be introduced in the Parliament, these bills are in near final form and provide the clearest ideas about GST till date.
There are some important changes in rebvised model law like the exclusion of securtites from teh GST ambit, introduction of an anti- profiteering clause to pass on the benefits to customers, comprehensiive transitional provisions, extension of place of supply beyond national boundaries, etc.
CorpKonnect is organizing full day masterclass to discuss upon the new changes proposed in the new model law and it`s impact on the industry and implemntation.
Benefits of Attending:
- Core analysis of the Revised Model GST Law to understand the changes introduced
- 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 the Revised GST Model Law
- Changes in the Revised CGST/SGST Law
- Meaning of Goods and Services
- Meaning and scope of supply
- Point of Taxation
- Times of Supply Rules
Treatment of Supply without consideration
Levy of Tax and Exemptions including new exemptions introduced
Technical Session 2: Input Tax Credit
- Model GST Law vs Credit Rules
- Input Service Distributor
- Transfer of Credit
- Credit on Capital Goods
- Conditions for availing credit
- Matching Concept
The Anti Profiteering Clause
Technical Session 3: The Revised IGST Model Law
- Changes in revised IGST Model Law
- Principles of Determination of place supply in Inter State Supply
- Revised place of supply provisions
- Levy and collection of IGST
- Taxation of Supplies between principals and agents
Valuation of Supplies
Technical Session 4: Migration Planning to GST
- Impact assessment analysis
- Supply chain
- IT systems
- Pricing, Costing, Margins
- Major impact F&A, Legal and HR Functions
- Formation of Steering Committees
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.
Siddharth is a Partner in Tax & Regulatory Services practice of PricewaterhouseCoopers, India. He has more than 14 years of experience in advising clients spanning across industries in areas of Value Added Tax, Service Tax, Excise, Customs and GST.
Prior to joining PwC, Siddharth has also worked with KPMG and EY. He has a strong background in IT, including knowledge of software programming and allied concepts.
Siddharth has advised many clients across various sectors including manufacturing, infrastructure, real estate, retail, telecommunications etc. on various indirect tax measures.
Siddharth has been assisting several companies in evaluating the impact of GST on their business operations. He has also been involved in reviewing the existing ERP systems of these companies and advising them on potential changes that could be required under GST.
Siddharth Srivastava is the founder of SKS Associates. He is a practising Advocate and a member of the Institute of Company Secretaries of India. He holds enormous experience and reputation having worked with Lakshmikumaran & Sridharan and Ernst & Young holding a total work experience of nearly 15 years exclusively in the field of indirect tax laws.
He excels in providing all round strategic indirect tax advisory services and has represented prestigious clients across all industry sectors before High Court, CESTAT and Department adjudication authorities and his matters have been regularly reported in leading journals.
Site No 2, Sector 44, Gurgaon
0124 - 4886400