VILGST & TAX CONNECT: WEBINAR ON “ANALYSIS OF UNION BUDGET 2023”
Details regarding the Webinar are as follows 📅 2nd February 2023 🕰️ 9 a.m. to 10:30 a.m. 💻 Virtual VILGST in association with Tax Connect is organizing, one and half hours Webinar for discussions on “ANALYSIS OF UNION BUDGET 2023” on the following topics-
👉 1. Analysis of Personal Tax Amendments as per Finance Bill 2023
👉 2. Analysis of TDS & Corporate Tax Amendments as per Finance Bill 2023
👉 3. Analysis of Transfer Pricing Related Amendments as per Finance Bill 2023
👉 4. Analysis of GST Amendments as per Finance Bill 2023
👉 5. Analysis of Customs & DGFT Amendments as per Finance Bill 2023
👉 6. Analysis of other important Amendments as per Finance Bill 2023
The No. of participants would be limited and it will be first come first serve basis. Participants are requested to please join at least 10 minutes before start.
In case of any queries, you may connect to +919903581757 Kindly Pre-Register on the Registration Link given below:
User Registration Link – https://forms.gle/u8ErzVmToWMUVDXcA
Meeting link: https://taxconnect.webex.com/taxconnect/j.php?MTID=m3dc4780c876684f2541f078b239d3009
Meeting number: 2536 059 3317
Password: Tcas@2023
Speaker: Vivek Jalan – Partner, Tax Connect Advisory Services LLP.
Tax Connect
PRELIMINARY ANALYSIS OF DIRECT & INDIRECT TAX PROPOSALS IN BUDGET 2023
This video analysis highlights of Union Budget 2023 as follows –
1. Deduction for Payments to MSMEs on payments basis incase made in violation of MSME Act
2. Relief u/s 54 & 54F capped at 10Cr
3. Relief on Insurance amounts received u/s 10(10D) capped
4. NO GST ITC on CSR Expenditure
5. 4 reliefs on Personal Tax for taxpayers under new regime
6. JCIT(A) Set up
7. 56(viib) amended to include NRIs too
8. 194R – TDS on “benefits” and 28(iv) income to include “cash benefits too”
9. Valuation of Inventories – Section 142 & 153 amended
10. Customs duties increases
Join our webinar Tomorrow at 9AM for detailed and clause by Clause Analysis
Tax Connect
This video discusses – 1. 3 Hardships faced by Trade due to GST-Summons
2. Process to Summon CMD/MD/CEO/CFO and top officials of the Company under GST
3. Notices/Letters to be issued by officers instead of summons
4. No Summon for returns, etc already uploaded on the GST Portal
5. 11 Important Guidelines relating to GST-Summons vide Instruction 03/2022-23 GST (Inv) dated 17th Aug. 2022
Topics –
1. Threadbare Discussion on Fake Invoices – Types as per Circular 170, Other Types, Preventions and safeguards
2. Liquidated Damages and Penalties under GST
3. Sector-wise discussion on GST Rate Revisions
4. DIN Not quoted on Documents – Implications and way ahead
5. Threadbare discussions of All Recent notification, Circulars, Case Laws, etc under GST
6. Discussion on all recent notifications, Circulars, Case Laws, etc under Customs & DGFT
7. Other recent issues an
1. Handling Departmental GST-Scrutiny by Trade – An indepth analysis of SOP on Scrutinies
Speakers –
1. Vivek Jalan [FCA, LL.M(Constitutional Law), LL.B, B.Com(H)]
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)]
INDIRECT TAX COLLOQUIUM: 12TH MARCH 2022” BY VIL-GST & TAX CONNECT: 8TH WEBINAR
HANDLING STRINGENT GST-ITC RESTRICTIONS –
GST-ITC on CSR Expenditure –
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
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
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
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-
5th Indirect Tax Colloquium VILGST and 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