Seminar on GST-Changes and Emerging Issues
GST was rolled out in India last July 2017, shedding a complex, multiple-tax system into a simpler unified one. Since then a lot of changes has happened to this new tax system where it was tweaked multiple times. Now it is time for Companies to file their first ever GST Annual Returns and Audit Reports for FY 2017-18 as the deadline is 31st December. With this focus, World Trade Center organised a seminar GST-Changes and Emerging Issues at Holiday Inn on 22nd November 2018. Mr Aneish Rajan IRS, Joint Commissioner-Customs was the Chief Guest.
Mr Aneish addressed the major issues faced by businesses pertaining to GST. He was of the opinion that the year 2017 witnessed several drastic measures which are expected to accelerate the growth of the Indian economy. Mr Aneish spoke about his experience when he was the Jt. Commissioner - GST Commissionerate in Thiruvananthapuram. He concluded by saying that changes are always inevitable and it is only a matter of time we all will take to adjust to it.
Mr Kunal Wadhwa, Partner-Indirect Tax and Ms Nisha Menon, Director-Tax were the lead speakers from PWC.
It was a joint session by them where they touched upon the recent changes that have happened in GST. They also covered GST Annual Return and Audits: Mr Kunal mentioned about the things businesses need to be mindful of when filing GST Annual Returns and he also covered the recent Updates covering GST Legislation and Advance Rulings. The session also spoke about the impact of the interplay between GST and Transfer Pricing.
The programme was attended by participants from different industries who
also used the forum to clarify their queries with the speakers.
Earlier Mr Vivek George, Dy. Manager WTCK delivered the welcome address. Mr K.Mathai, Vice President of Amalgam Group handed over the memento to the Chief Guest. Mr Jhoney P.J. Director-Jhoney and Co. presented the mementos to PWC. Mr Sandeep Raj proposed the vote of thanks.