Workshop on GST in India Implementation

Workshop on GST in India Implementation With Latest Changes

18th May 2017 – Courtyard Marriott, Chennai // 19th May 2017 – JW Marriott, Mumbai
24th May 2017 – The Lalit, Delhi // 26th May 2017 – The Lalit, Kolkata

GST is now a reality. It is one of the world's biggest tax reforms in one of the world's largest economies.
Once implemented, GST will have a deep impact on our economy. New business models Supply chain models will emerge. Companies prepared for GST will reap profits.
The Constitution Amendment Bill for Goods and Services Tax (GST) has been approved by The President of India post its passage in the Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016) and ratification by more than 50 percent of state legislatures. The Government of India is committed to replace all the indirect taxes levied on goods and services by the Centre and States and implement GST by April 2017
With GST, it is anticipated that the tax base will be comprehensive, as virtually all goods and services will be taxable, with minimum exemptions.
Tax payers need to be GST compliant to be able to test system changes in time. Depending on the operating geographies, size and sector, the changes would be substantial and may require proactive planning with a time-bound action plan.
In order to prepare for the implementation of GST, companies need to understand GST policy development and its implications for scenario planning and transition roadmap preparation.
GST the game changer: GST will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will impact the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance, Credit Utilization and Reporting leading to a complete overhaul of the current indirect tax system.

Target Audience: - Indirect Tax, Accounts & Finance, Sourcing – SCM, Marketing, Logistics, And All those who would like to know All about GST.

Course Content :

Session 1: Overview of Proposed GST – Concept Session
1. Present & Proposed ( GST ) Indirect System in India
2. GST Structure / Design – S GST , C GST & IGST
3. Concept of Destination based Consumption Tax
4. How the GST System would operate in a Company ?
5. GST Business Models , Compliance system , Input Tax Credits
6. Smooth flow of GST Credits , Exporters & GST
7. Transitory Provisions
8. FAQs
9. Role of GST Council
10. Question – Answers

Session 2: Draft - Model GST Law & Important Provisions
1. GST in India History & Background
2. Key Changes in Definitions , Tax Liability Provisions , Place of Supply Rules , Time of Supply
3. Valuations , Compliance Processes – Registration , Returns , Payments and Refunds
4. Assessments & Audits
5. Transitional Provisions
6. Taxation of Specific transactions like Works Contract , Job Works , Inter unit Transfers etc.
7. GST Tax Invoice & Its Importance
8. Input Tax Credit
9. Question – Answers

Session3: GST Compliance ( Registration , Returns , Payments & Refunds )
1. Highlights of GST Registration Process
2. Highlights of GST Return Process
3. Highlights of GST Payment Process
4. Highlights of GST Refund Process
5. Question – Answers

Session 4: Readiness / Implementation of GST System in a Company
1. Key Areas of GST Readiness – Approach & Time bound Action Plan
2. Key Business Areas – Sourcing – SCM , Savings on Costs , Marketing , Logistics , Pricing
3. IT Infrastructure for GST Compliance and GST Credits
4. GST Education / Training to Inside & External Personnel ( Vendors & Dealers )
5. GST Internal Department
6. State wise GST Compliance – Manpower , Training , Accounting and Record Maintenance
7. Checklist – Date wise targets for GST Implementation Team
8. The information on these issues are yet to receive from the Governments .
9. Implementation of GST
10. Question – Answers

Timings: 9:30 am - 5:00 pm , Registration begins at 9:00 am

How to Register:

-> Fees: Rs. 8,500/- +15 % service tax per person
-> Discount of Rs. 500 per participant for a group of 2 or more participants with payment received 5 days in advance of seminar date..
-> Please write to - register@comtraining.net /Call -022-66976892/66876874
-> Mention the name of participant, company, contact details • Fees includes lunch, tea, course material etc.

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PS - We are conducting workshops across India on various topics for more details kindly visit Princeton Academy Website.

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