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Let’s Understand GST The Services

After the introduction of tax rates, finally the long awaited GST (Goods & Services Tax) is all set to roll out on the 1st of July 2017, reiterated the GST Council in its last meeting on 3rd June, 2017.

Who Can Attend?

  • All our young professionals like to start ……
  • All our seniors who wish to enter into ………
  • All other professionals who want to have in-depth exposure in GST law;
  • All professionals who are working for Business Entities and also those who are doing business.

Manufacturing (Date : June 24, 2017)

Take aways from Workshop:

Scope of Workshop:

  • 1) Overview of GST in India;
  • 2) Key Benefits & Drawbacks under GST for manufacturers;
  • 3) Provisions relating to manufacturing under GST;
  • 4) Provisions relating to Job Worker under GST;
  • 5) Understanding the need for computation and finalization of all eligible or non eligible input tax credits which are available in present regime which can be carry forward into GST;
  • 6) Need for analysis of all existing contracts either with vendors or customers with a view to identify and take corrective measures to avoid and loss which may have due to GST;
  • 7) Need to understand the concept of linkage of registration with input tax credit;
  • 8) Reconciliation of all existing transition Forms like Form C, Form F, Form I, Form H etc either from the vendors or to the customers with a view to achieve lesser impact on our tax dues;
  • 9) Need for making report on GST compliant vendors identification and training modules for key non-GST compliant vendors;
  • 10) Strict on time filing all transition statements, so to ensure full benefit transfer or reduced tax outflow;
  • 11) Align all structure issues with the business requirement and review on a monthly basis

IT/ITES, eCommerce & Service Industry(Date : June 30th, 2017)

Take aways from Workshop:

Scope of Workshop:

  • 1) Overview of GST in India
  • 2) Key Benefits & Drawbacks under GST for IT/ITES, e Commerce and services sector
  • 3) Import & Export of Services
  • 4) GST credits and refunds – Impact on cash flow requirements
  • 5) Treatment of expenses incurred for personal use of any employee
  • 6) Transactions between head office and branch offices
  • 7) Impact on ongoing contracts
  • 8) Understanding the need for computation and finalization of all eligible or non eligible input tax credits which are available in present regime which can be carry forward into GST
  • 9) Need for analysis of all existing contracts either with vendors or customers with a view to identify and take corrective measures to avoid and loss which may have due to GST
  • 10) Need to understand the concept of linkage of registration with input tax credit
  • 11) Need for making report on GST compliant vendors identification and training modules for key non-GST compliant vendors
  • 12) Strict on time filing all transition statements, so to ensure full benefit transfer or reduced tax outflow
  • 13) Align all structure issues with the business requirement and review on a monthly basis.

Real Estate (Date : July 1, 2017)

Take aways from Workshop:

Scope of Workshop:

  • 1) Brief overview of GST in India
  • 2) Meaning of construction , works contract and other related definitions
  • 3) Hidden Truth Behind Input Tax Credit for Construction Contracts
  • 4) Provisions for Ongoing Contracts
  • 5) How will implementation of GST reduce litigation for Real Estate Developers?
  • 6) How to prepare the future contracts, in light of the GST?
  • 7) Transitional Preparedness & Challenges
  • 8) Implication of free cost supply of materials by client to contractors
  • 9) Understanding the need for computation and finalization of all eligible or non eligible input tax credits which are available in present regime which can be carry forward into GST
  • 10) Need to understand the concept of linkage of registration with input tax credit
  • 11) Strict on time filing all transition statements, so to ensure full benefit transfer or reduced tax outflow.

Workshop 2, 3 & 4 ( Certificate Course )

Workshop Schedule:

Workshop 4 (Weekends) 9am – 5.30pm

  • Day 1 July 8, 2017
  • Day 2 July 9, 2017
  • Day 3 July 15, 2017
  • Day 4 July 16, 2017
  • Day 5 July 22, 2017

Workshop 3 (Weekdays) 9am – 5.30pm

  • Day 1 July 4, 2017
  • Day 2 July 5, 2017
  • Day 3 July 6, 2017
  • Day 4 July 11, 2017
  • Day 5 July 12, 2017

Workshop 2 (Sundays) 9am – 5.30pm

  • Day 1 June 4, 2017
  • Day 2 June 11, 2017
  • Day 3 June 18, 2017
  • Day 4 June 25, 2017
  • Day 5 July 2, 2017

Take aways from Workshop:

1. Overview of GST –

Technical Session 1 - 9:30 AM to 11:00 AM

  • Concept of GST in India special focus on comparative study with GST compliant economies its keys merits and de-merits;
  • Constitutional Amendment – A Journey on GST in India;

Technical Session 2 - 11:15 AM to 12:45 PM

  • Concept of Dual GST and also concept CGST, SGST, UTGST & IGST;
  • Legal Framework of proposed GST in India;
  • Important GST General Definitions including Supply under GST.

2. GST Transition Provisions, Preparedness, Challenges, Opportunities and Planning- An In-depth Analysis with specific reference to:

Technical Session 1 – 01:45 PM to 03:15 PM

  • GST Migration and implications of avoidance of migration;
  • GST Transition Provisions – An Introduction & objective;

Technical Session 2 - 3:30 PM to 5:00 PM

  • GST Transitional Preparedness –Must do’s Before it is too late;
  • GST–Transitional Challenges, need to address common errors;
  • GST–Transitional Planning-Way to optimize Business resources, job work, Inter branch transfers, Principal- Agent transactions, overlapping contracts for manufacturers, Importers-Exporters, Traders etc ;

1. GST Levy, Composition Levy, Import & Export, Intra-State, Inter-State and GST Registration- An In-depth Analysis

Technical Session 1 - 9:30 AM to 11:00 AM

  • GST Levy under CGST, SGST, UTGST & IGST Law – An Introduction;

Technical Session 2 - 11:15 AM to 12:45 PM

  • GST Composition Levy;
  • GST–Levy on Import, Export & SEZ Developers/Units , Levy on Intra-state & Inter-state;
  • GST–Registration, Registered Person/Taxable Person;

2. Time and Value of supply under GST- An In-depth Analysis –

Technical Session 1 – 01:45 PM to 03:15 PM

  • Time of Supply CGST, SGST, UTGST & IGST Law – An Introduction;
  • Case Studies based on live business situation to understand Time of Supply under GST;

Technical Session 2 - 3:30 PM to 5:00 PM

  • Concept of Transaction Value its specific inclusions/exclusions, Fair Value in term of Draft Rule for Valuation;
  • GST valuation strategies considering free supply, gifts, donation, theft, discounts, bad debts, etc.
  • Case Studies based on live business situation to understand value of Supply for related and un related parties, distinct persons, principal-agent & many other special cases under GST;

1. Place of Supply under GST- An In-depth Analysis

Technical Session 1 - 9:30 AM to 11:00 AM

  • Understanding of relevant definitions to place of supply i.e. Recipient, Suppliers, Location of recipient, Location of supplier, Import & Export, Intra-state & Inter-state;
  • Place of Supply under IGST Act – its purpose & Constitutional background;

Technical Session 2 - 11:15 AM to 12:45 PM

  • Place of Supply & Its Legal framework under GST;
  • Place of supply in relation to Import & Export and its impact under GST Act;
  • Case Studies based on live business situation to understand place of Supply under GST for both Domestic and International transactions;

2. Input Tax Credit under GST- An In-depth Analysis

Technical Session 1 – 01:45 PM to 03:15 PM

  • Concept of Eligible, blocked, available, availed, allowed, utilized credit of Input Tax;
  • Concept of supply for non business, exempted supply, non taxable supply and its impact on eligibility of ITC;

Technical Session 2 - 3:30 PM to 5:00 PM

  • Legal Framework of Input Tax Credit under GST;
  • Draft Input Tax credit Rules its analysis, interpretation with live Illustration;
  • Special discussion on lTC for non consideration supply, new & cancellation of registration ; Case Studies based on live business situation to understand Input Tax credit under GST its impact on changed GST environment.

1. Special Cases- Job work, E commerce and other Special provisions

Technical Session 1 - 9:30 AM to 11:00 AM

  • Special provision for Job work with stringent penal consequences in case of non compliance ;
  • Job-work and contract manufacturing ;

Technical Session 2 - 11:15 AM to 12:45 PM

  • Special provision for E commerce operator VS suppliers behind ecommerce operator ;
  • Place of supply in relation to Import & Export and its impact under GST Act; Case Studies based on live business situation to understand its nitty-gritty’s ;

2. Tax Invoice, Credit Note, Debit Note and Return under GST-25/06/2017

Technical Session 1 – 01:45 PM to 03:15 PM

  • Types of electronic ledgers, Invoice, Credit Note and debit notes

Technical Session 2 - 03:30 PM to 05:00 PM

  • Types, Applicability, Annual Return, Matching, Final return, Due Dates
  • Other related points
  • How to file return to be explained with real document

1. Refund, Payment of Tax, Accounts & Records & Assessment

Technical Session 1 - 9:30 AM to 11:00 AM

  • Type of refund, forms, Period, Terms & conditions, Provisional refund including refund under earlier law, refund in case of delayed collection of statutory forms, refund arising from re-assessment/ appeal under earlier law
  • Unjust enrichment – applicable and inapplicable cases
  • Types of Payment, Due date , modes of payment

Technical Session 2 - 11:15 AM to 12:45 PM

  • Accounts and period of retention of accounts;
  • Concept of self assessment, provisional assessment.

2. Demands & Recovery, Offences & Penalties – 02/07/2017

Technical Session 1 – 01:45 PM to 03:15 PM

  • Determination of tax not paid/ short paid/ erroneously refunded.
  • Input Tax credit wrongly availed or utilized by reason other than or due to fraud or collusion or any willful mis-statemet or suppression of facts

Technical Session 2 - 03:30 PM to 05:00 PM

  • Interest & Penalty on delayed payment of tax
  • Recovery of sums due to government
  • Concept of Tax to be first charge on property

NOTE:
1. This agenda to be followed strictly without compromising the actual take aways.
2. All the discussions are based on the authentic law available in public domain and the case
3. Limited Seats available first come first server basis.

Workshop 1

Outcome of the Program:

NOTE:
1. This agenda to be followed strictly without compromising the actual take aways.
2. All the discussions are based on the authentic law available in public domain and the case studies .
3. Limited Seats available first come first server basis.

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  • Venue:

  • +91-9310008805, +91-124-4604100
  • team@taxadvisorindia.in
  • www.taxadvisorindia.in
Fees: Rs. 500/- Per Person (for each program session)
Amount: Rs. 500/-