GST Implementation and Compliance with latest issues/challenges

GST Implementation and Compliance with latest issues/challenges


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About The Event


The Goods & Services Tax (GST) has arrived in India from 1st July 2017. It is Uniform Indirect Tax Law across India in all the states and Union Territories replacing Central Excise Duty, Service Tax and State Value Added Tax (VAT).

While the introduction has been smooth, the journey in the GST regime had its share of challenges. Some of the major challenges were the initial issues faced by the exporters and the technology challenges in compliances apart from other procedural issues like challenges in claiming transition credits etc.

The GST Council (GST Decision making body) has recognised these issues and responding to them positively by making changes in such areas. Hopefully, by 31st March 2018 all such issues would be sorted out by the GST Council.

Trade & Industry should not press panic button but try to realign with post GST Changes in IT System, Composition Scheme and compliance. The GST Council is also working hard for smooth sailing of GST in India.

In the light of the above, we have designed this one day Workshop on Post GST covering all major areas like Concept, Design, Specific Areas like Input Tax Credit, GST for exporters and Importers, Anti Profiteering Provision, Works Contracts (Composite and Normal )  , Post GST for Service Industry , Composition Tax , GST R1-R2 issues , Transitory provisions , Rates & HSN issues etc.

Post GST up to 31st March, 2018, the companies still have time to update, rectify errors and re look at all the major areas of GST including education to Vendors and dealers / Customers.

Target Audience:

  • Indirect Tax
  • Accounts and Finance
  • Sourcing – SCM
  • Marketing
  • Logistics
  • IT
  • Course Content:

Session 1: Important Provisions for Goods & Services (Post GST Views) :

  1. Separate Provisions for Goods & Services
  2. Services include Normal Works Contracts, Lease, Job Works. Transfer of IPR, Construction Contracts etc.
  3. Aggregate Turnover, State wise Registrations,
  4. Supply of certain Goods & Services without consideration
  5. Composition Scheme for smaller Businesses
  6. Transaction Value would include and not include certain Elements
  7. Would free Supply would be taxable?
  8. Time of Supply & Place of Supply
  9. Reverse Charge Mechanism
  10. Input GST Credit ( R1 –R2 System of matching in GST Portal )
  11. Job Workers & GST
  12. E Commerce
  13. Transitional Provisions
  14. Imports & Exports
  15. Divisible & Indivisible Works Contracts
  16. Taxation for Capital Assets , High Sea sales , Sale in transit
  17. Sales &Purchase Returns, Discounts, Debit Credit Notes etc.
  18. Question – Answers

Session 2 – GST Compliance (Post GST Issues) :

  1. Registrations – State wise Registrations and compliance , Multiple Registrations for Verticals
  2. Returns – Monthly Quarterly, Revised Dates, Uploading of R2, GSPs, Education to Vendors & Customers.
  3. GST Payments – Revised Dates
  4. GST Refunds particularly for Exporters
  5. Invoices, Record Maintenance etc.

Session 3 – Post GST System in a Company:

  1. Post GST Model for Goods & Services
  2. Impact Analysis in view of Anti profiteering Provisions
  3. Impact of GST on Procurement Costs and New Models for Sourcing
  4. Impact of GST on Prices and New Distribution Routes
  5. Savings under GST (Review)
  6. Internal Structuring in a Company
  7. Question – Answers


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