GST ( Mumbai 2)

The GST is a reality now and the industry is almost sure of it's arrival either in April or some month later, but definitely in 2017. The Rajya Sabha has already passed the 122nd Constitutional Amendments Bill. 16 state assemblies till date have already ratified the Bill. But are we really ready for the migration to GST. It's 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.

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.

WORKSHOP AGENDA

Technical Session 1: Introduction to GST

·         The GST model in India

·         Meaning of Goods and Services

·         Meaning and scope of supply

·         Registrations

·         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
TDS Provision

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

Valuation

Transitional Provision

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

Workshop Experts:

• Biren Vyas - Director, Grant Thornton India LLP
• Pratik Shah - Partner, SKP Business Consulting LLP
• Kalpesh Shah - Partner, Lakshmikumaran & Sridharan
• Yusuf Hakim - Sr. Partner, CNK & Associates LLP, Chartered Accountants