About The Event
The challenges around e-invoicing, confusing and sometimes conflicting rules on input credit, treatment of free samples, etc, have given rise to much litigation under the GST regime. Recent amendments relating to inter-company services in the form of managerial and leadership services will further impact multi-locational corporates. The accurate valuation of such services on a monthly/quarterly basis is likely to become a big issue. In essence, Finance and Legal professionals need to understand the implications, intricacies and the way forward for GST. The event aims to provide an in-depth analysis of the subject covering contentious issues, expert guidance, and legal implications
Why attend?
Get an update on recent developments in the GST regimeUnderstand the implications and intricacies of recent litigations
Learn to navigate complex changes
Prepare for what is coming next in the GST regime
Interact with the speakers and discuss your specific queries
Who should attend?
Financial controllers, Finance managers, Accountants and Accounting staff involved in the preparation of GST returns as well as staff in in the Legal function.Event Speaker
Agenda
- Module 1: Challenges in Input Tax Credit Under GST
9:00 am – 10:00 amOne of the major issues under GST is the process of matching and reconciliation of ITC claimed in GSTR-3B with the data reflected in the auto-generated GSTR-2A. Even for a single mismatch, the ITC is denied and the working capital is stuck. With the proposed omission of sections 42, 43 and 43A, the redundant provisions have been ditched after five years. This casts an obligation on the CFO or Finance professionals to ensure supplier compliance before taking tax credits. Learn about the recent changes and how to navigate these complexities.
- Module 2: Supply Without consideration: The Hotbed of Litigation
10:20 am – 11:20 amTransactions between related persons and other activities of Schedule I under the CGST Act will be treated as supply even if made without any consideration. Understand how to treat transactions between related persons under GST, when would such a supply be taxable and how it is valued as per the GST laws.
- Module 3: Place of Supply: Case Studies
11:40 am – 12:40 pmGST is a destination-based tax, implying the goods/services will be taxed at the place where they are consumed and not at the origin. So, the state where they are consumed will have the right to collect GST. Therefore, place of supply is crucial under GST as all the provisions of GST revolve around it. However, there are complications at multiple levels which are best understood through case examples.
- Module 4: Emerging Litigative Issues Under GST
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