1. Goods and Services Tax
Workshop by:
Indranil Das
FCA

2. GST Workshop cum Training
Lead Speaker:
Indranil Das:
Indranil Das qualified as a Chartered Accountant from the Institute of Chartered Accountants of India. A Commerce graduate from the St. Xavier’s College, Kolkata, he has worked with the CESC Ltd, the flagship company of the erstwhile RPG-Sanjiv Goenka group before embarking on practice. Over the course of his career, he has worked with a number of corporates houses as well as nationalized and private banks. He has over 9 years of post-qualification experience focusing primarily on direct and indirect tax advisory and internal audit.
Assistant Speaker:
Rishita Das is a qualified Company Secretary from the Institute of Company Secretaries of India. With her enthusiastic approach, she has gained exposure and working intricacies over a period of 4 years, with her key areas of attention being on taxation and legal advisory matters keeping pace with the latest regulator amendments and developments.

3. GST..Booting
Given the passage of the Constitution (101st) Amendment Bill, 2016 for GST in the Parliament on 8 August 2016, ratification of the said Bill by more than 15 states by early September followed by its enactment, and passage of four GST Bills in the Lok Sabha on 29 March 2017 and Rajya Sabha on 6 April 2017, with the clear road map being laid down by the Finance Ministry, the Government of India seems to be on course to implementing GST with effect from 1 July 2017.

4. Training Module Contents- 1 day Presentation
Concept of GST
Structure of GST
Registration
Incidence of Tax- Meaning of Supply
Factors to supply- Place of Supply, Time of Supply
Valuations
Input Tax Credit- Blocked credits
Set off methodology
Special transaction- Branch transfers, agency, import, export, job work (in brief)
Invoicing
Debit and credit notes
GST Returns- return filing process, forms etc.
Payment of tax
Maintenance of records
Conclusion

5. Training Module Contents- 2 day Program
Incidence of Tax
Meaning of Supply
Supply of goods and services
Course or furtherance of business
Mixed supplies, composite supplies
Factors to supply
Place of Supply- Goods
Place of Supply- Services
Registered and unregistered persons
Time of Supply- Goods
Time of Supply- Services
Case studies
Q&A
Concept of GST-
Departure from present structure
CGST, SGST, IGST laws
GST Council
Structure of GST
GST Network
Dual levy
Registration (including Migration)
Taxable person
Introduction
Important points
Case studies
Q&A

6. DAY 2 Special transactions Valuations Input Tax Credit Invoicing
Branch transfers,
Agency,
Import, Export,
Job work
Invoicing
Format of Invoice
Invoice Rules
Debit and credit notes
Valuations
Transaction Value
Valuation Rules
Important points
Input Tax Credit
Introduction
Blocked credits
Set off methodology
Examples and illustrations (Interstate, Intrastate- Goods/ Services)
Comparative analysis
Q&A

7. DAY 2 (Continued) GST Returns Transitional provisions Payment of tax
Return filing process,
Forms
Frequency, cut off dates
Matching of ITC
Reversal, Amendments
Q&A
Transitional provisions
Carry forward of ITC
First Return
Provisions for goods returned
Long term contracts etc.
Payment of tax
Maintenance of records
Assessment under GST
Brief insight into litigation aspects- Appeals, demand, recovery

9. Key imperatives for companies are:
Post-implementation validation refinement of the operating model selected
Identify issues and concerns requiring representation to authorities and develop a strategy for effective advocacy
Identify any areas of adverse impact and prepare contingency measures
Continually track policy development regarding GST and update prepared scenarios
Draw up an implementation plan
Prepare different scenarios for the design and application of GST
Understand key areas of impact in their business

10. Role of Professionals Tracking GST development
Review of draft legislation and impact analysis
Industry Consultation for improvement in business process
Review of final legislation and impact analysis
Implementation assistance
Post implementation support
Tax Planning
Record Keeping
Departmental Audit

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