7th year of GST – Analysis of certain pain points and way forward
Tax laws are ever evolving. The 50th GST Council Meeting has proved to be a significant milestone in the tumultuous journey of GST. The Council has attempted to tackle several complex and controversial issues that have plagued the industry with uncertainty for the last six years.
Date & Time
31
Jul 2023 | 9:00 AM - 2:00 PM
Venue
Royal Ballroom, Eros Hotel, Nehru Place, New Delhi-110019
Lakshmikumaran & Sridharan (LKS) is participating as Knowledge Partner in this seminar being organised by Institute of Business Laws (IBL) on 31st of July from 9:00 AM to 2:00 PM.
The seminar will deliberate on not only the nuances of the recent proposals but many other issues which are bothering the industry for long. It will cover the following topics which seek immediate attention of the manufacturers, service providers, exporters and importers.
- Taxability - Liquidated Damages, Warranty Transactions, Indemnification, Insurance Claim, Long Term Lease, Corporate Guarantee, Use of Brand/Logo, Secondment vs. 194J, and holding of shares by holding company in subsidiary company
- Valuation - ISD vs. Cross charge, and Promotional Schemes, including effect of Income Tax Section 194R
- Input Tax Credit (ITC) - Availability of ITC in case of payment of differential duty, ITC on CSR, Promotional Schemes, Implications of credit availed without receiving supplies, Mismatch, and wrongly availed and unutilised ITC in case of IGST
- Other Transactions - Restructuring of Business and its issues, E-Commerce Operator- TCS, and Exports covering implications of non-compliance of Rule 96A and issues under Rule 96(10)
The panel of experts will be led by:
- V. Lakshmikumaran, Managing Partner, LKS
