Learning & Development Academy by Grant Thornton in India | Our Cources

Workshop on GST

GST is a comprehensive indirect tax levied on goods as well as services, subsuming multiple taxes, in line with the concept of 'one nation, one tax'.

It is the Government of India’s push towards reducing the compliance burden on assesses, increasing the availability of credits (which were earlier not eligible such as VAT credit against excise/service tax), remove the cascading effect of taxes, bringing in more automation and simplifying the tax structure.

Programme objective

This two-day workshop will enable you to:

2 Days workshop
Gain an understanding of GST
Gain working knowledge and application in routine compliances
Enhance your skills in a structured and practical manner
Use such skills to take managerial decisions

Programme focus

The programme will focus on:

Overview of GST Legislation

This will include discussion on:
- Concept of supply
- What qualifies as goods and services
- Special focus on transactions such as Mixed Supply vs. Composite Supply etc.
Registration under GST
- Composition scheme
- Non Resident Taxable Person
- Casual Taxable Person
Time and Place of supply
- Movement of goods, no movement of goods
- Bill to Ship to Model
- Nature of Service and corresponding Place of supply
- Import / Export of goods and services etc.
Valuation

Discussion on valuation provisions and issues on valuation under GST (including free of cost supplies, barter/exchange, vouchers, transactions between related parties)
Input tax credit (ITC)
- Discussion on eligibility of ITC i.e. availment of credit, utilization of same against output liability, restricted items
- Reversal of credit, order of utilisation etc.
- Overview of E-commernce, compliance and challenges
GST Audit and Annual return

Specific Focus on
- Process of examination of records, returns and other documents maintained by a taxable person.
- Discussion on audit approach to be followed under GST
- Practical challenges in Audit and Annual return
Compliances under GST

Specific Focus on
- Returns to be filed under GST
- Documents to be issued Such as Tax invoice
- E-way bill, Delivery challan etc.
Refund

Discussion on refund claims available under the GST legislation along with relevant procedure and documentation requirements for filing refund claims
Anti Profiteering, Advance Ruling and Recent GST Developments
- Overview of Special Economic Zone, compliance and challenges
Discussion on recent changes including discussion on the revised GST return design and process, important advance rulings etc.
Litigation Procedure

Programme Deliverables

As part of the workshop, participants will get access to:

Interactive Classroom program along with Q&A sessions
Our course material – Handouts
Post-training support – Query management
Certificate of participation

Fees & Schedule

Fees

Fee for 3 day program is INR 15,000 plus taxes

Schedule

City	Schedule	Venue
Delhi	12th & 13th April 2019	Grant Thornton India LLP 6th floor, Worldmark 2, Aerocity, New Delhi - 110 037
Mumbai	26th & 27th April 2019	TBD
Bengaluru	26th & 27th April 2019	TBD

Programme Agenda

Day 1
Time	Topic
09.30 - 11.30	Overview of GST Legislation This will include discussion on the concept of meaning of supply including discussion on special focus transaction such as Mixed Supply vs. Composite Supply Registration under GST including composition scheme
11.30 - 11.45	Tea Break
11.45 - 01.15	Time and Place of supply This will include discussion on the concept of Movement of goods, without movement of goods, Bill to Ship to Model
01.15 - 02.15	Lunch
02.15 - 03.45	Valuation Discussion on valuation provisions and issues on valuation under GST (including free of cost supplies, barter/exchange, vouchers, transactions between related parties)
03.45 - 04.00	Tea Break
04.00 - 05.30	Input tax credit (ITC) Discussion on eligibility of ITC i.e. availment of credit, utilization of same against output liability, reversal of credit Reversal of credit
Day 2
Time	Topic
09.30 - 11.30	This will include discussion on the following aspects: Employer-employee transactions Input service distributor vs. cross charge Comparative analysis of input service distributor and cross charge to evaluate the advantages/disadvantages of the two methods
11.30 - 11.45	Tea Break
11.30 - 11.45	Refund Discussion on refund claims available under the GST legislation along with relevant procedure and documentation requirements for filing refund claims
01.15 - 02.15	Lunch
02.15 - 03.45	Compliances under GST Discussion on returns to be filed under GST including documents to be issued
03.45 - 04.00	Tea Break
04.00 - 05.30	E-way Bill Recent developments on e-way bill and discussion on the practical issues faced by the industries
Day 3
Time	Topic
09.30 - 11.45	GST Audit and Annual return: Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. Discussion on audit approach to be followed under GST Practical challenges in Audit and Annual return
11.45 -12.00	Tea Break
12.00 - 01.30	Anti Profiteering and Important Advance rulings
01.15 - 02.15	Lunch
02.15 - 03.45	Recent GST Developments Discussion on recent changes including discussion on the revised GST return design and process
03.45 - 04.00	Tea Break
04.00 - 05.30	Impact of GST on the foreign trade policy This will cover implications of GST on SEZ/ EOU/Deemed export benefits and impact on export incentives like Service exports from India Scheme (SEIS)/ Export promotion capital goods(EPCG) / Advance authorization scheme(AAS) / Merchandise exports from India Scheme(MEIS)

Cancellation and refund policy

The refund policy in case of withdrawal of nomination would work as follows:-

A refund of 50% of the fee would be provided for cancellation requests received up to five working days before the training start date
Participants who cancel in less than five working days, or there is no show on the training date are liable to pay the full course fee and would not be entitled to refunds.

Cancellations must be made via emails only. However desirous participants can be accommodated in the future batches of program, without paying anything extra. It is requested that willingness to attend any future program should be communicated at the earliest convenience.