BRICS Chamber of Commerce and Industry
(BRICS-CCI) organized the conference on Goods
& Services Tax – Way Forward at Fore School of Management, New Delhi with Achromic Point as Marketing
Partner, Spliced Knot as Digital Marketing Partner, The Institute of
Internal Auditors of India and Fore School of Management as Institutional
Partners, Solicitors & Advocates and Shardul Amarchand Mangaldas as Knowledge
Partners. The agenda was to provide a platform for comprehensive deliberation on
the introduction of the new law. The conference commenced with a brief welcome
note by Mr. B.B.L Madhukar,
Secretary General of BRICS-CCI and Mr.
Aashish Verma, Director, Achromic Point. The major topics that were talked
GST – global overview
• Time of supply and place of
• Input tax Credits &
registration under GST
• Implementation of GST
The keynote address by Mr. Bimal Jain, Executive Director, A2Z Taxcorp LLP, ascertained
the global trend and implementation of GST in other countries. He exchanged his
views about Single vs. Dual GST, Constitutional Framework and evolution of GST
in India. Also, some of the provisions of goods taxability may not be
applicable on service taxability and how GST brings uniformity.
Navin Kumar, Chairman of GSTN (goods & services
tax network) addressed the gathering. Very articulately he shared about GSTN
setup, Core services to be performed (Registration, Returns & Payments),
information required to issue provisional registration and even GSP’s i.e. GST
Suvidha Providers. Being a destination based tax; GST requires robust
settlement mechanism for inter-state trade.
Subsequently, Mr. Sandeep Chilana, Partner, Shardul Amarchand Mangaldas,
extensively discussed with illustrations about the forward charge, reverse
charge of goods and services and place of supply which is genesis of GST. He
talked about GSTIN (GST identification number) that is a 15 digit alphanumeric
Dr. Justice Satish Chandra stressed on the need to
prepare ourselves for GST. He imparted knowledge about Entry Dumping Duty, an
indirect tax that most of us are unaware of and how Credits of input taxes paid
at each stage will be made available.
Garg, ASC Legal, took the session forward,
presenting the key provisions pertaining to registration under GST, manner of
taking and carrying forward the input tax credit. Provisions pertaining to
returns, repayment and refunds under GST were also covered by him. His session
was followed by Mr. Manish Mishra who
conducted an elaborate interactive session on Transitional provisions, Mapping,
impact and opportunities of GST. His points of discussion also covered the
timelines for implementation and how the GDP of our economy will go up due to
less tax evasion. Each state is expecting to collect more taxes on account of
On behalf of Organizers and sponsors Mr.
Aashish Verma expressed gratitude to all those who
attended this event, awaiting the implementation of GST.