GST - Impact Analysis & Switch Over Issues

This program aims to facilitate manufacturers, contractors, traders and service providers to manage the transition in a tax-efficient manner including basic guidelines on how to do an impact analysis. It has been announced that the present consumption taxes, i.e. VAT, Excise and Services Tax, will be replaced by the broad-based multi-stage Goods and Services Tax (GST) on 1st April 2017. Specific switch over provisions have been included in the GST Bill, but there are many issues not mentioned in such provisions. The solution to such issues lies in the understanding of the GST framework. Failure to manage the transition would result in high cost. Course Contents • Brief overview of GST • How to do a basic Impact Analysis • Specific switch over provisions in GST Model Law • Analysis on switch over issues affecting revenue, acquisitions/inventory and Capital Goods for: ~ Manufacturers who are presently paying VAT/Excise ~ Manufacturers who are not presently paying VAT/Excise ~ Traders (retailers, wholesalers etc) ~ Service providers who are presently paying service tax ~ Service providers who are not presently paying service tax • Return/Rejection of goods and services • Existing companies that become liable to register for GST at a date later than 1st April 2017 • An overview of: ~ How GST may affect your support activities ~ Tips in getting your systems ready for GST ~ Importance of tax risk management policies and practices • Case studies and Q&A session Who should attend? • Corporate accountants • Tax advisers and consultants • Business managers Speaker’s Profile Sandesh Mundra FCA, DISA (ICAI), DIRM (ICAI), Dip IFRS(ICAI) Sandesh Mundra, Sandesh Mundra & Associates, a firm of chartered accountants dedicated to providing tax advisory services. Having spent the early years of his career in audit and accounts, Sandesh is equally concerned about both the accounting and the legal facets of taxation. His key areas of practice are creating tax optimum structures, EPC tax planning, business advisory and Corporate Training. Sandesh is a frequent speaker at seminars, conferences and workshops organised by the accounting, legal, statutory and other institutions across India. He is also the Co-Chairman of the GST Committee of Builders’ Association of India. He is also active in making submissions to the tax authorities, in relation to Indirect Taxes as well as GST. Sandesh has also co-authored several books on Controls in Construction Sector, Multi-State VAT. His latest book on GST can be downloaded from www.smaca.in. He has also written several articles published in the National Journal of Institute of Chartered Accountants of India and Builders’ Association of India Organised by Consult Construction. For Online Registration and Payment - http://bit.ly/CC-GST-EVENT For Offline Registration and Payment - Cheque in favour of "Consult Construction" to be sent to 304, Super Plaza, Sandesh Press Road, Vastrapur, Ahmedabad - 380054 Or may deposit directly in :- Consult Construction Punjab National Bank Current A/c No:- 4452002100005650 in the name of IFSC Code:- PUNB0445200, Bodakdev Branch, Ahmedabad, Gujarat