Event Date

INDIA - 11/01/2021 - 22/01/2021

Event Description

Digital Training On Goods And Services Tax (GST)

It took 17 years for modern tax system to evolve into “One Nation One Tax” governance what it looks today and this evolution has allowed the government to have a better grip on the taxpayers by having a transparent mechanism and preventing tax evasion. At the same time reduction in overall tax incidence has brought relief to the end-consumers, be it the removal of cascading effect or the movement of goods across the country becoming faster and less cumbersome with the help of a single e-way bill.
 
Since the implementation of GST, it has seen several changes. Aimed typically at making things simpler and plugging leakages, the current form of GST is quite different from what it was during its launch and especially during the ongoing Covid19 crisis that has proven to be an important learning for many organizations to be prepared for an unprecedent time like these and accelerate their transition to digital tax technologies.
 
To grow the awareness on the same, Achromic Point is bringing its Digital Training on Goods and Services Tax (GST) on 11th, 12th, 15th, 18th, 19th & 22nd January 2021 where the recent amendments like GST, Input Tax Credit, Case Studies on time of supply & Refunds under GST will be pondered upon.

Benefits of attending:-
 
·         It will develop a network of professionals for knowledge interchange on GST
·         Understand about the Handling Departmental Audit, Assessment and Litigation
·         It provides an understanding of key GST concepts and the practical application of GST
·         It intends to give an opportunity for discussion and exchange of ideas on GST and its practical application for effective implementation
·         Identify issues and concerns needing representation to the authorities and develop a strategy for effective advocacy
·         Identify the best methods for integrating into the new systems while deriving the most tax benefits
·        

Who Should Attend:-
 
·         Chief Financial Officers
·         Directors & Heads
·         Tax Professionals
·         Finance/Accounts/Legal Head
·         Managers
·         Middle and Senior level executives dealing in Indirect Taxes
·         Practicing CA/CMA and other related professions
·         Entrepreneurs of Industries

Thought Leaders:
·        Yogesh Gaba
Managing Partner- Indirect Tax 
GABA & CO.
·        Rajat Mohan
Senior Partner
AMRG & Associates
·        Ankita Bhasin
Principal Associate
Shardul Amarchand Mangaldas & Co.
·        Neha Jain
Senior Associate
NITYA Tax Associates
·        Gaurav Narula
Associate Director
NITYA Tax Associates
·        Sachin Jindal
Partner
VJM Associates LLP
·        Shashank Gupta
Managing Partner
Marg Tax Advisors
 

Event Agenda

Agenda:-
 
11th January 2021
11.00 AM - 12.30 PM
 
Session 1: Chargeability and Classification
·         Charging Section and its components
·         Meaning of supply and its scope
·         Schedule I, II & III to CGST Act
·         Meaning of Composite Supply and Mixed Supply
·         Composite Supply & Mixed Supply vis-à-vis Classification
·         Classification system under GST for Goods and Services
·         Case Studies and Important judicial pronouncements
12th January 2021
11.00 AM - 12.30 PM
 
Session 2: Place of Supply and Time of Supply
·         Significance and Concept of Place of Supply
·         Place of Supply for Supply of Goods including import and export of goods
·         Place of Supply for Supply of Services including import and export of services
·         Special Provisions for OIDAR Services
·         Case Studies on Place of Supply
·         Time of Supply for Supply of Goods including treatment of vouchers
·         Time of Supply in case of supply of services including continuous supply of services
·         Time of supply in case of mobilization advances
·         Time of supply in case of reverse charge mechanism
·         Analysis of time of supply in case of change in rate of tax
·         Case Studies on time of supply
15th January 2021
11.00 AM - 12.30 PM
 
Session 3: Valuation and contentious issues
·         General valuation criteria
·         Valuation in case of related party and distinct persons transaction
·         Instances where money is not the sole consideration and the applicability of valuation provisions thereof
·         Inclusions and Exclusions from taxable value
·         Treatment of discounts and subsidies
·         Contentious issues
18th January 2021
11.00 AM - 12.30 PM
 
Session 4 : Input Tax Credit (‘ITC’) and related issued
·         Eligibility criteria and time limit to avail the ITC
·         Apportionment of ITC with practical examples
·         Blockage of ITC and various contentious issues
·         ITC Distribution through Input Service Distributor (‘ISD’) and practical challenges thereof including ISD v. Cross charge
·         Discussion on various situations like Mergers, Acquisitions etc.
·         Eligibility of credit in respects of Inputs sent for Job Work
19th January 2021
11.00 AM - 12.30 PM
 
Session 5: Refunds under GST
·         Critical analysis of refund under exports
·         Refund under Inverted Duty Structure and related contentious issues
·         Refund in case of supplies to SEZ units or developers
·         Refund of ITC of compensation cess and practical challenges
·         Conditions and restriction imposed on refunds imposed under CGST rules
·         Guide to proper filing of refund claims
22nd January 2021
11.00 AM - 12.30 PM
 
Session 6: Handling Departmental Audit, Assessment and Litigation
·         Self-assessment, scrutiny of returns, best judgement assessment and provision of documents, details etc. by a taxpayer to the Department
·         Background of Departmental Audit and their approach
·         The approach by a taxpayer in handling such audits
·         Critical analysis of demand and recovery provisions
·         Drafting replies to letter, notices being issued by the Department
·         Timelines for audit, assessment, demand and recovery
·         Judicial pronouncements

Date

11/01/2021 - 22/01/2021

Time

Opening Day Time: 11:00 am - 12:30 pm
Closing Day Time: 11:00 am - 12:30 pm

Venue

Webinar

Brochure

Download Link : GST Brochure_V11.pdf

Registration Fees

INR 8,000.00

Event Calender

January 2021 February 2021 March 2021 April 2021