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VIL GST & TAX CONNECT’S WEBINAR ON ANALYSIS OF GST COUNCIL’S DECISION
ANALYSIS OF GST COUNCIL’S DECISION
Date: 30th June 2022 (Time: 2:15 p.m. to 3:15 p.m.)
VILGST in association with Tax Connect is Organizing an one Hour Workshop for discussions on “ANALYSIS OF GST COUNCIL’S DECISION” on the following topics-
1. Threadbare Analysis of GST Council’s Decision
2. GST Council’s Decisions Impact on Trade & Industry
3. GST Council’s Decisions Industry Wise GST Impact
4. Q&A Session
Team Tax Connect

ANALYSIS OF 47TH GST COUNCIL’S DECISIONS
This video explains –
1. The Basis of 47th GST Councils decision’s.
2. The Effective Date of Implementation of the decision’s.
3. Various classifications
4. Important Rate Rationalizations .
Further for more detailed analysis you can join our Webinar on 30-06-2022 at 2:15 PM IST.
Register Here – https://forms.gle/fneUna3VY6Rq7knv5
Team Tax Connect

TDS u/s 194S on CRYPTO/VDA : ISSUES & CLARIFICATIONS
This video discusses –
1. What is a VDA & what are provisions of TDS on transfer of VDA
2. Whether Crypto/VDA is “goods or Service”
3. TDS on GST/Service Charges on VDA
4. TDS on VDA transactions through exchanges
5. TDS on Exchange of “One VDA for Another VDA”
6. Other Issues and Clarifications
Team Tax Connect

TDS U/S 194R from 1st JULY 2022 : IMPACT, ISSUES & CHALLENGES
This video explains –
1. Provisions u/s 194R
2. Impact on recipients u/s 28(iv)
3. TDS u/s 194R & GST on Reimbursements
4. TDS u/s 194R on dealer conferences and foreign trips
5. Decision in Case of David Dhawan & Mahindra & Mahindra w.r.t. 194R
6. Business Promotion Expenditure
Team Tax Connect

GST ITC REVERSAL ON SCRAP U/S 17(5)(h)
This video discusses –
1. Understanding of terms used in Section 17(5)(h)
2. Difference between goods ‘destroyed‘ and ‘damaged‘
3. Difference between ‘Abnormal Loss‘ and ‘Normal Loss‘
4. Requirement of Reversal of ITC on Scrap
5. Analysis of Hon’ble Madras HC Decision in the case of ARS Steel


Team Tax Connect

VILGST & TAX CONNECT: WEBINAR ON MONTHLY COLLOQUIUM ON INDIRECT TAXES”
MONTHLY COLLOQUIUM ON INDIRECT TAXES: May 2022
Details regarding the Webinar are as follows
📅 21st May 2022
🕰️ 11 a.m. to 12:30 p.m.
💻 Virtual
VILGST in association with Tax Connect is organizing, one and half hours Webinar for discussions on “MONTHLY COLLOQUIUM ON INDIRECT TAXES” on the following topics-
👉 Threadbare Analysis of The Apex Courts decision on GST on Ocean Freight in the matter of Mohit Minerals
👉 GST on Seconded Employee – Detailed Analysis of Supreme Court Verdict in Service Tax Matter on 19th May 2022
👉 GSTR – 2B – Issues in May 2022 and Way ahead!
👉 Analysis of GST Scrutiny Manual – Haryana
👉 Inclusion/ Non-Inclusion of Royalty in Value of Imports under Customs
👉 SOP on Attachment under GST
👉 RoDTEP Scheme: Analysis of Appendix 4R
👉 GST & Income Tax TDS on Reimbursements as Pure Agents
👉 Customs: Refund of Duty Paid twice
👉 Telangana One Time Settlement Scheme
👉 Analysis of Other Notifications/ Circulars/ Case Laws in GST
👉 Analysis of Other Notifications/ Circulars/ Case Laws in Customs and DGFT
Speakers:
1. Vivek Jalan – Partner, Tax Connect Advisory Services LLP.
2. Rohit Sharma – Senior Manager, Tax Connect Advisory Services LLP.
Team Tax Connect

9TH COLLOQUIUM ON INDIRECT TAXES

 

1. Handling Departmental GST-Scrutiny by Trade – An indepth analysis of SOP on Scrutinies

2. Handling Departmental GST Audit by Trade – An indepth analysis
3. GST ITC – What to take and what not to… Defense against Ab Initio GST Cancellation of suppliers
4. Relaxations in DGFT & Customs Norms
5. Important Case Laws impacting Trade & Industry
6. Analysis of all notifications/circulars and amendments in GST/DGFT & Customs
7. Other matters and developments during the month gone by

Speakers –

1. Vivek Jalan [FCA, LL.M(Constitutional Law), LL.B, B.Com(H)]

Team Tax Connect

MONTHLY UPDATES ON DIRECT TAXES

 

1. In depth Analysis on changes in the new ITRs for AY 2022-23

2. In depth Analysis on changes in the new Finance Act 2022 applicable w.e.f 1st April 2022

3. Income Tax & GST on Virtual Digital Assets – An Analysis

4. Replying to notices under Section 148A including in dept Analysis of handling litigation u/s 148, etc

5. Faceless Assessment Scheme under Scrutiny Assessment – Analysis

Speakers –

1. Vivek Jalan [FCA, LL.M(Constitutional Law), LL.B, B.Com(H)]

2. Rishabh Jain [FCA, B.Com(H)]

Team Tax Connect

 

INDIRECT TAX COLLOQUIUM: 12TH MARCH 2022” BY VIL-GST & TAX CONNECT: 8TH WEBINAR 

VIL-GST in association with TAX CONNECT is Organizing one and Half Hours Webinar for discussions on “VIL-TC IDT Colloquium” on 12th March 2022 (Saturday) from 11:00 A.M. to 12:30 P.M. on the following topics: –

1. “Year-End To Do Activities” in GST/Customs & DGFT Matter for FY 2021-22.

2. “Kal ki Or” – Preparing for Notification of Budget Proposals under GST and Customs.

3. Defence against Irregular application of Rule 86A – abdication of authority

4. Handling Summons The new normal “Adjudication” under GST

5. GST on electricity charges, deposits & damages

6. Handling Frivolous Litigations on GST-E-Waybill – in Light of Supreme Court Judgements

7. RoDTEP – Process, Streamlining and Sale of Scrips

8. Labour Cess and Supply Contracts

9. Interplay of GST and IBC Proceedings in Light of Court Verdicts

10. Discussion of Other New Notifications/Circulars under GST, Customs & DGFT

11. Discussion of Other Recent Case Laws & Rulings under GST, Customs & DGFT

Team Tax Connect

 

HANDLING STRINGENT GST-ITC RESTRICTIONS –

This video deals with suggestions on how to deal with stringent ITC restrictions as follows –

1. Error in GSTR 3B incase of ‘Reverse Charge ITC’ and ‘Import ITC’

2. 3 Way Reconciliation as per GSTR 2B

3. Ab-Initio Cancellation of GSTIN of the Supplier

4. GST-ITC restrictions proposed in Budget 2022

Team Tax Connect

 

GST-ITC on CSR Expenditure –

This video explains on the allowability of GST-ITC on CSR Expenditure –

1. Difference between ‘Normal Course of Business‘ and ‘Furtherance of Business‘ 

2. Whether CSR distribution can be considered ‘gift’?

3. What does the Companies Law provide on CSR Expenditure

4. What does the Income Tax Law provide on CSR Expenditure

5. What does the GST Law provide on CSR Expenditure

6. Arguments for/against allowability of ITC on CSR Expenditure

Team Tax Connect

 

IT & GST on Business Promotion Expenditure: TDS u/s 194R & Its Impact on Large & Small Businesses

In this video the following are discussed –
1. Analysis of TDS on Business Promotion Expenditure u/s 194R
2. Issues and Challenges of Implementation of the TDS
3. Issues and Challenges for the deductee
4. Illustrations on Sec194R for the payer/deductor and Sec 28(iv) for the recipient/deductee
5. GST-ITC on Business promotion expenditure
Team Tax Connect

 

UNION BUDGET 2022 ANALYSIS by TAX CONNECT AND VILGST S

This video explains –
Recent changes on Direct  Tax in Union Budget 2022
Recent changes on GST in Union Budget 2022
Recent changes on Customs and DGFT in Union Budget 2022
Economic Analysis of Union Budget 2022
Industry Concerns which the Union Budget did not address
Team Tax Connect

 

JAN’22 GST RETURNS: LEGAL CHANGES AND PRECAUTIONS

This video explains –
1. Claiming ITC from Jan’2022 subject to GSTR2A
2. Implications of the amendment for taxpayers
3.  Recovery from 1st Jan’22 for difference between GSTR-1 and GSTR-3B
4. Reversal of Bharti Airtel Judgment from 1st Jan’2022 for Claiming ITC as per Books
Team Tax Connect

 

DEC’2021 – FILING GSTR 9/9C: CRITICAL ISSUES FOR PREPARING FOR SCRUTINY

This video discusses on the reconciliation which taxpayers need to do and precautions needed while filing GSTR 9 and GSTR 9C relating to FY 2020-21 on 31st Dec‘2021 including –

1. Outward supplies – Figures reported in Table 4N, 10, 16B & 16C

2. Inward Supplies – Table 8D, 8I, reversals, etc

3. Total Tax paid vide Table 9 of GSTR 9

4. Any attachments which may be made with GSTR 9C 

Team TAX CONNECT

 

VIL-GST in association with TAX CONNECT is Organizing a 1 and Half Hours Workshop for discussions on “Indirect Tax Colloquium” on 18TH December 2021 (Saturday) from 11:00 a.m. to 12:30 p.m. on the following topics-

1. Critical Issues for filing GSTR 9 & GSTR 9C for FY 2020-21

2. Availment of ITC on the basis of Books of Accounts – A Positive from Apex Court’s decision in the case of Bharti Airtel!

3. GST on Ocean Freight – Update on Hearing in The Hon’ble Supreme Court

4. GSTR 1 Changes and changes in GST Portal

5. Duties and Obligations of Revenue Authorities during Summons, Investigations and resultant Notices in light of Court Judgements

6. Issues in Availment of Input Tax Credit on Canteen Supplies, Outdoor Catering, etc

7. Issues in Customs & DGFT – Notifications/ Circulars and Important Case Laws

8. Issues in GST – Notifications/ Circulars and Important Case Laws

Team TAX CONNECT

MOST LITIGATIVE ISSUES ON ITC

This video discuss about the following topics

1. Sales Promotion item is taxable supply at Value u/r 27

2. ITC on Sales Promotional Items

3. Critical Provisions for Denial of ITC/Payment of Tax

4. Critical Provisions for allowance of ITC/Non-Payment of Tax

5. Other Such Transactions

Team TAX CONNECT

6th Webinar: “INDIRECT TAX COLLOQUIUM: October 2021”

VIL-GST in association with Tax Connect is organizing, one and half hours Webinar for discussions on “Indirect Tax Colloquium” on the following topics-

1.GSTR 2B – Analysis of Time barring period of taking ITC – Advisory and Amendments to GST Rules
2.GST On Mining – An Analysis of Matter before The Hon’ble Apex Court 3.Pre deposit under GST by Utilizing ITC – Discussion on Orrissa High Court Order in Jyoti Construction Case
4.Interest under GST on Unutilized ITC – Way ahead on SCNs and Appeals 5.Industry – wise Analysis of 45th GST Councils Decisions – Notifications, Circulars, etc –
a. Engineering & Automobiles
b. Renewable & Other Energy
c. Textiles & Leather
d. Food, Beverages & Alcohol
e. Metals f. Electronics
g. E-Commerce & Other Services
h. Construction & Works Contracts
i. Transportation, Rail & Packaging/Printing
j. Exports
k. Others
6.RoDTEP Scheme for Exporters – Threadbare Analysis of Procedures for remission
7.Limitation period under GST and Supreme Court’s Order
8.Amendments under DGFT & Customs
Team TAX CONNECT

Exporters To Do in Nov’21 & Dec’21 : RoDTEP/Agri-TMA & Foreign Trade Policy This video discusses –
1. Procedural Aspects of RoDTEP Scheme
2. To Do List for Exporters for RoDTEP – Nov’21 & Dec’21
3. To Do List for Exporters for Agriculture TMA Scheme – Nov’21 & Dec’21
4. To Do List for Exporters for MEIS & SEIS – Nov’21 & Dec’21
5. To Do List for Exporters for Advance Authorization & EPCG – Nov’21 & Dec’21
Team TAX CONNECT

ICE-CREAM SERVED BY ICE CREAM PARLOURS IS A SUPPLY OF SERVICE/GOODS
This video deals with an analysis of Circular No 164 issued by CBIC clarifying that supply of ice cream by ice cream parlors is a supply of goods taxable at 18% and not a supply of food as a part of Service.
Team TAX CONNECT

5th Indirect Tax Colloquium VILGST and TAX CONNECT

This Video discuss about the following topic .
1. Industry Wise Analysis of the GST Councils Decision on 17th Sept 2021
2. Threadbare Analysis of Supreme Court’s Judgement in VKC Footsteps Case including the following –
A. Arithmetic Representation of Changes in Formula Directed by Supreme Court
B. Analysis of GST Refunds in Inverted Duty Scenario
C. Issues in case of ITC on Input Services and Capital Goods
D. Other Issues
3. Analysis of Recent Case Laws under GST/Customs/FTP and other Indirect Taxes
4. Analysis of Recent Circular, Notifications and changes under GST/Customs/FTP and other Indirect Taxes
5. Other related Issues and Developments in Last Month
6. Questions & Answers
Team TAX CONNECT

 

Tax Connect in association with VIL-GST is Organizing a 1 and Half Hours Workshop for discussions on “Indirect Tax Colloquium” on 21ST AUGUST 2021 (Saturday) from 11:00 a.m. to 12:30 noon on the following topics-
1. Discussion on Sec 17(5)(h) on Blocked Credits
2. Issues in GST And Customs Refunds
3. Complete discussion on all Recent Notifications, Circulars, Orders etc under GST/Customs/DGFT
4. GST Portal: Recent Developments
5. Recent Supreme Court & High Court Rulings under GST/Customs/DGFT
6. Recent Important AAR/AAAR Rulings under GST/Customs/DGFT
Team TAX CONNECT

 

 Facing Blocked Credit Under GST vide Rule 86A & Notices for GSTR 2A & 3B Mismatch
This video discusses –
1. Challenge to notices for blocking GST-ITC by Taxpayers in High Courts
2. Facing the notices of Blocking of Credit
3. Notices for Reversal of ITC on account of mismatch between GSTR 2A & 3B
4. SOP issued by Kerela State Govt for Blocking of ITC
Team Tax Connect

 

WAGE CODE 2019 : 3rd HAND HOLDING RELEASE

This video discusses on the critical issues under Wage Code 2019 and the actions which need to be taken by Industry for Implementation of Labour Codes and interalia includes the following –

1. Distinction between ’employees’ and ‘worker’

2. Appropriate Govt for Private Entities

3. Inspector Cum Facilitator Provisions, etc.

 

VEHICLE DETENTION UNDER GST : ISSUES & DISCIPLINES

This Video discusses the various issues under GST for detention of Vehicles for non-compliance with the GST Law. It focuses on the disciplines laid down by various courts in the matter like –

1. Non-Detention due to alleged Undervaluation

2. Non-Detention due to Invoice No. mismatch only

3. Penal provisions due to Expired E-Waybill, etc.

This Webinar would cover A threadbare discussion on –

1. 6 Digit SAC Codes and 6 Digit HSNCodes : General Mistakes with examples

2. Burning Issue – Madras HC Judgement in D.Y.Beathel Case and Press Note of 2018 : No Automatic reversal of ITC due to mismatch between GSTR 3B & GSTR 2A

3. Burning Issue – Availability of ITC on Sales Promotion Items

4. GST April 2021 – New Notifications, Circulars & Important Case Laws

5. Customs April 2021 – New Notifications, Circulars & Important Case Laws

6. FTP April 2021 – New Notifications, Circulars & Important Case Laws

7. Replying to Service Tax SCNs on Mismatch between Income Tax Data & Service Tax Returns Please feel free to contact us for any assistance or information.

Implementation of Labour Code : 2021 : 2nd Handholding Video

This video discusses on :

1. Major Changes in Wage Code

2. Major Changes in Social Security Code

3. Major Changes in Occupation, Health & Working Conditions Code

4. Implementation Module For Labour Codes

GST ITC : Will Recipients reverse ITC incase of Non-Compliance by Suppliers

This video discusses on –

1. No Automatic reversal of ITC as per Section 42 of The CGST Act

2. Press Release dated 4th May 2021

3. Madras High Court Judgement : DY Beathel Enterprises

4. Apex Court Judgement : Arise India Ltd.

5. P&H High Court Judgement : Gheru Lal Bal Chand

6. Madras High Court Judgement : Sri Vinayaga Enterprises

IMPLEMENTATION OF NEW LABOUR CODES : 2021

This video discusses on The Implementation of new Labour Codes –

1. Possible Date of Implementation

2. What are the New Labour Codes

3. New Definition of Wages

4. Illustration on impact on “Cash in Hand” of employees & “CTC” for Employers

5. Implementation Module for New Labour Codes

Regards

Team Tax Connect

How to Handle GST Refunds & PAN India GST Litigation

Topic to be Covered is:

a.How to reply to GST Notices & Handle GST Litigation

b.How to handle DGGI/DRI/DGARM Scrutiny

c.Section-wise Analysis of Favourable High Court & AAR Rulings under GST, beneficial for Trade.

How to reply to GST Notices & Handle DGGI/DRI/DGARM Scrutiny including –

A. Discussion of common notices under GST and their replies

B. How to prepare for GST Assessments and Audits

C. How to Handle GST Scrutiny

D. Section-wise Analysis of all High Court & AAR Rulings under GST, beneficial for Trade –

E. Discussion on Rights & Obligations of Taxpayers

How to Handle GST Refunds & PAN India GST Litigation

Topic to be Covered are –

a. GST Refunds: Issues & Solutions & Thread Bare Analysis

b. Legal Provisions of GST Litigation

A. GST Refunds Issues & Solutions:

1.Export Refunds – On payment & LUT

2.Inverted Duty Refunds

3.TCS & Other Refunds

4.GST Refunds & Duty Drawback

5.Favourable Judgements on GST Refunds 6.GST Refunds & Customs Provision

B. Discussion on Legal Provisions of GST Litigation

GST Refunds : Recent Amendments & Circulars : A Threadbare Analysis on How Trade & Industry should Take Benefit

There have been many amendments and clarifications in GST Refunds recently. Most recent being vide Circular 147/03/2021 dated 12th March 2021. This video does a threadbare Analysis on how Trade & Industry should prepare and take benefit of such amendments and clarifications as follows –

1. Rule 89(4)(C) of CGST Rules

2. Circular 147/03/2021 dated 12th March 2021

3. Customs Circulars 4/2021 and 5/2021 – both issued in February 2021

4. Amendment in Section 16 of The IGST Act 2017

TEAM TAX CONNECT

How to Handle GST Refunds & PAN India GST Litigation

1. Threadbare Analysis of Indirect Taxes (GST & Customs) Amendments & Other Recent Amendments in Union Budget 2021.

2. Recent Developments in GST Law and Impact on Large Organizations –

A. Discussion on recent notifications and circulars

B. Discussion on amendment of GST Act & Rules

C. Impact of amendments on large companies

D. Preparation for the changes in GST

GSTR 9, 9C & GST Audit of 2019-20 : Critical issues & differences with earlier years’ GST Audits This video discusses –

1. Differences in Table 8 of GSTR 9 of 2019-20 vis-a-vis earlier years

2. Differences in Table 6 of GSTR 9 of 2019-20 vis-a-vis earlier years

3. Impact of Instruction 2A on GSTR 9 of 2019-20

4. Impact of Rule 36(4) on GST Audit for 2019-20

5. Other critical issues in GSTR 9, 9C & GST Audit of 2019-20

Team Tax Connect