Recent changes in GST, Customs and Income Tax
Lakshmikumaran & Sridharan is organizing a webinar to share knowledge relating to various recent developments in the fields of GST, Customs and Income Tax.
Date & Time
20
Feb 2024 | 3:00 PM
The webinar will cover:
- Recent developments including the proposals made in the Interim Budget 2024 in GST;
- Recent Supreme Court decision under Customs;
- Way forward on the MFN saga post Supreme Court ruling in Nestle and Interim Budget proposals under Income Tax.
Topics of discussion Include:
GST – Amendments in respect of ‘Input Service Distributor’
- Whether it shall be mandatory for taxpayers to obtain ISD registration, after the amendments?
- Going forward, whether both ISD and Cross-charge shall be mandatory?
- Distribution of ITC through ISD in respect input services on which tax is payable on reverse charge basis
- Impact of Circular No. 199/11/2023-GST dated 17.07.2023 pertaining to taxability of services provided by one distinct person to another distinct person in light of the above amendment.;
- Impact of the amendment for past period
Customs – CVD/SAD paid post implementation of GST regime – Interest applicability in view of SC decision and refund eligibility
- Pursuant to Mahindra and Mahindra SC’s review petition dismissal order, whether the assessee is liable to pay interest on CVD/ SAD/ IGST demanded under Section 28AA of Customs Act, 1962?
- Impact of the Judgment and way forward
- Whether the interest on CVD/ SAD/ IGST already paid by the assessee under Section 28AA is refundable?
- Whether assessee can claim refund of CVD/SAD/other erstwhile taxes paid post implementation of GST regime which are not allowed as input tax credit under GST regime?
Income Tax – MFN ruling and Budget Update
- Nestle MFN Ruling – Way Forward for taxpayers and tax deductors; and
- Interim Budget Update – Direct Tax Snapshot
Speakers:
- Bipin Verma – Senior Partner, LKS (Moderator for the Session)
- Ratan Jain – Partner, LKS
- Nirav Karia – Partner, LKS
- Chaitanya Bhatt – Partner, LKS
- Sudin Sabnis – Partner, LKS
- Saurabh Malpani – Associate Partner, LKS
