Two days Workshop on Goods & Services Tax on 6 September & 26 September 2018 at PHD House, New Delhi

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We are pleased to inform that the Indirect Taxes Committee of PHD Chamber in collaboration with The Institute of Chartered Accountants of India (ICAI) is organizing Two Days Workshop on Goods & Services Tax on 6 September & 26 September 2018 at PHD House, New Delhi.

 

 

Programme Schedule

 

Day – I Thursday, 6 September 2018

 

Reconciliation of Financial Statements vs. GSTR Returns/ IT Returns,  GST Audit, Annual Return for FY 2017-18

Day – II Wednesday, 26 September 2018

 

Divergent Issues & Resolution for Manufacturing, Service & Trading Sector

 

CHIEF GUEST

 

Shri Mahender Singh

Hon’ble Member (GST), CBIC

 

 

 

 

CHIEF GUEST

 

Shri S K Rahman
ADG, DGGST, Ministry of Finance

 

GUEST OF HONOUR

 

 

Shri Prakash Kumar*

CEO, GSTN

 

EMINENT SPEAKERS

 

 

CA Bimal Jain

Chairman, Indirect Taxes Committee, PHDCCI

 

Mr. N K Gupta

Co-chairman, Indirect Taxes Committee PHDCCI

 

CA S. Venkatramani

    

 

CA Rakesh Garg

 

CA Puneet Bansal

 

CA Avinash Poddar

 

Mr. Sudipta Bhattacharjee

 

CA Rishabh Sawansukha

CS Isha Bansal
 
 

PROGRAMME STRUCTURE

 

6th September 2018 26th September 2018
10.00 am – 10.30 am Registration & Tea
 

10.30 am – 11.30 am

Inaugural Session

 

 

 

Opening Remarks

 

Theme Presentation by

CA Bimal Jain

 

Address by Chief Guest

Shri Mahender Singh

Member (GST), CBIC

 

 

 

Vote of Thanks

 

10.00 am – 10.30 am Registration & Tea
 

10.30 am – 11.30 am

Inaugural Session

 

 

Opening Remarks

 

Theme Presentation by CA Bimal Jain

 

Address by Chief Guest

Shri S K Rahman
ADG, DGGST, Ministry of Finance

 

Address by Guest of Honour

Shri Prakash Kumar*

CEO, GSTN

 

Vote of Thanks

 

Tea Break

11.30 am – 11.45 am

Tea Break

11.30 am – 11.45 am

11.45 am – 12.45 pm        Technical Session I

 

  •  Understanding Input Tax Credit in GST and why it may have drastic impact on companies
  • Challenges in availment of Input Tax Credit under GST
  • Tax Credit reconciliations and liability under reverse charge
  • ITC Matching and Mismatching – Reconciliation thereof
  • Reversal of ITC – Exempt supply – How to calculate on Inputs, Input Services and Capital goods
  • Wrongly availed credit/ missed to availed credit – How to reflect in GST Return and Financial Statements
  • SOP for availing & utilization of Credit in Return & financial Statements

 

CA Puneet Bansal

 

Q & A Session

11.45 am – 12.45 pm            Technical Session I

 

  • Issues in Transitional credits of Manufacturing Sector
  • Legal Jurisprudence on various issues pertaining to Manufacturing sector
  • GST applicability on Manufacturing Sector – Overview
  • Impact of Excise Exemption and VAT Exemption under Pre-GST Regime and it’s availability in GST Regime
  • Issues in Classification, Exemption, Rates, etc.,
  • Impact on Manufacturer Exporters – Refund
  • Deemed Exports – Issues and way forward
  • Inverted Duty Structure and Refund thereof
  • Open Issues in Textile Sectors for claiming refund of inverted duty structure

 CA Puneet Bansal

 

Q & A Session

12.45 pm – 01.45 pm          Technical Session II

 

  • Classification of goods/ services and respective rate
  • Reverse charge liability in case of goods/ services
  • Supply of services between Distinct Persons and Cross charge of Services
  • How to correct mistakes pertaining to classification, levy, rate, etc in GST Return and financial Statements
  • Overview of disclosures to be made in Table 5 of the GSTR 3B pertaining to NiL Rated/ Exempted/ Non- GST Inward Supplies & reconciliation thereof with Financial Statements
  • SOP of capturing Debit side of P&L A/C for Purchases and Expenses for GST Compliance and disclosures

 

CA S. Venkatramani

 Q & A Session

12.45 pm – 01.45 pm            Technical Session II

 

  • How GST affects Service Industry
  • Positive & Negative of GST on Service Industry
  • Issues in Transitional credits of Service Sector
  • Legal Jurisprudence on various issues pertaining to Service sector
  • Export of Services & Refund on Export
  • Open Issues in Export of Services
  • Issues in Classification, Exemption, Rates, etc.,
  • Exports in GST vs. FTP – MEIS/ SEIS, etc.
  • Supply of Services between distinct persons vs. cross charge
  • Works Contract Services, Construction Services – Dimensional change – Pre GST vs. Post GST

 

Mr. Sudipta Bhattacharjee

 Q & A Session

Networking Lunch

01.45 pm – 02.30 pm

Networking Lunch

01.45 pm – 02.30 pm

02.30 pm – 03.30 pm              Technical Session III

 

  • Outward Supplies – Zero rated, Nil Rated, Exempted and Non-GST Outward supplies – B2B & B2C
  • How to rectify mistakes in disclosures of same in GST Returns
  • Determination of Levy & Collection – Outward Supplies
  • Matching of GSTR 3B vs. GSTR 1 of Supplier
  • Matching of GSTR 1 vs. GSTR 2A of Recipients
  • Treatment of wrongly determined Intra-State and Inter-State Supplies -– How to reflect in GST Return and Financial Statements
  • Cautions for Manufacturing and Service Sectors
  • SOP for Outward Supplies & determination of taxes, payment and filing of Return
  • Reconciliation of sales / other income as per books of accounts with GSTR-1 / GSTR-3B outward liability

 CA Bimal Jain & CS Isha Bansal

 Q & A Session

02.30 pm – 03.30 pm            Technical Session III

 

v  Important Amendments as proposed in the GST Law Viz.

  • Time of Supply of goods and services under forward charge u/s 12(2) & 13(2) of the CGST Act
  • Input Tax Credit:
  • Value of Exempt Supply for reversal of ITC
  • Issuance of Credit and Debit Note in respect of multiple invoices
  • Payment of Tax: Order for utilization of credits
  • GST Refunds
  • Recovery of Taxes: To be made from distinct persons
  • Pre-deposits for filing an appeal to Appellate Authority and Appellate Tribunal:
  • Transitional Provisions – No credit of EC/ SHEC/ KKC etc
    CA Bimal Jain & CS Isha Bansal

        Q & A Session

 

03.30 pm – 04.30 pm                Technical Session IV

 

  • General principles of GST Auditing
  • Accounting Perspective of GST vs. Income Tax Audit
  • GST Audit Report (Form 9C) and Statement of Particulars (Form GSTR 9D)
  • Issues in GST Audit viz-a-viz Income Tax Audit

CA Rakesh Garg

 Q & A Session

 03.30 pm – 04.30 pm               Technical Session IV

 

  • Issues in Transitional credits of Trading Sector – Deemed Credit
  • Legal Jurisprudence on various issues pertaining to Trading sector
  • Detail Aspects of GST in Trading Sector
  • Advantages & Disadvantages of GST to Trading Sector
  • Impact on Merchant Exporters of goods
  • Implication of GST on Wholesaler, Retailer, Exporter and Importer

 CA Avinash Poddar

Q & A Session

04.30 pm – 04.35 pm      

Vote of Thanks         

04.30 pm – 04.35 pm      

Vote of Thanks

 

PARTICIPATION FEE FOR TWO DAYS WORKSHOP

RS. 2500/- PER PARTICIPANT (Plus GST @ 18%)

 

REGISTRATION FOR SINGLE WORKSHOP

RS. 1500/- PER PARTICIPANT (Plus GST @ 18%)

The payment may be made by online/cash/ cheque/ Demand Draft in favour  of

“PHD Chamber of Commerce & Industry” payable at Delhi.

 

Please send your confirmation and register for the conference at the earliest by sending the enclosed response form. Your confirmation may kindly be emailed to us on mariamma@phdcci.in / Shikha.bhatt@phdcci.in / taranjeet.singh@phdcci.in

 

For further details please contact:

Ms. Shikha Bhatt (08860420355)
Mr. Taranjeet Singh (09015243623)
 

 

 

———————–  REGISTRATION FORM  ————————-

 

Two Days Workshop on Goods & Services Tax

Thursday, 6th September & Wednesday 26th September 2018 at Lakshmipat Singhania Auditorium, PHD House, New Delhi

 

I / we shall participate in the above mentioned Event

 

Name(s) & Designation(s)

 

1. ___________________________     2.________________________________

Organization:_______________________________________________________

 

Address: ___________________________________________________________

 

GSTIN: ____________________________________________________________

 

Tel:____________________________  Email:___________________________

 

Total Number of participants:_________________________________________

 

A DD/Cheque of Rs. _________ (No. __________ dated _________ drawn on

__________________________ )      being participation fee in favour of

“PHD Chamber of Commerce & Industry” payable at Delhi.

 

Online Payment Details

RTGS / NEFT / Fund Transfer Details
Bank Name: Bank of India, Branch: Panchsheel
Branch Address: 7, Panchsheel Shopping Centre, New Delhi-110017
Account Type: Current Account
Account No. : 602220100010035
Account Name: PHD Chamber of Commerce and Industry
IFSC Code No. : BKID0006022, MICR Code No. 110013023
CIN NO. U74899DL1951GAP001947