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Webinar on "Transitional Provisions in GST Law"

Objective: As GST System will be implemented w.e.f 1st July 2017, the existing system of indirect taxation will be replaced by the GST Law.
GST is not only a tax reform but also a business reform which will impact all kinds of taxpayers and persons dealing with taxable goods and services, manufacturing, job work, trade and business activity, supply chain and logistics.

The main objective of transitional provisions is to provide a safe cushion for existing tax payers to adopt the new GST regime without any confusion and make the migration process smooth and without any hassles, by providing the clear cut guidelines for transitions from the existing system of taxation into the new System. The transitional provisions related with Input Tax Credit ensures that no Input Tax Credit will get blocked due to repeal of the existing laws and introduction of GST Laws. It also take cares of the manner of disposal of the existing adjudication, appeal and recovery proceedings in the new regimen.

The webinar will help in disseminating the proper information and dispel the doubts prevalent in certain segments of trade and industry regarding status of stock /credit, jobwork /pending litigation/refund and demand of the existing taxation system on and after the rollout of GST. It will be useful the taxpayers and tax officials alike.

Day: 21/06/2017
Time: 03:30 PM

Speaker: Shri Rajeev Agarwal, IRS (1995 Batch), SVP GSTN

Talk

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Showing 72 Submission(s)

Lancelot Fernandes 8 years 12 months ago

Introduction of GST was the best time to streamline honesty in the Indian revenue system. Please recognise 1.3 Billion population which is the best base to generate maximum revenue. Provided the ability of the majority is appreciated and GST is arranged at affordable 5% or below. That will minimise pilferage, corruption and most of all 100% compliance with assured revenue with ease.

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PS Prasad Warrier 8 years 12 months ago

Dear Sirs, We are awaiting the Roll out of GST soon to enhance the Business image of INDIA and under the guidance of Modi ji and Jaithley Ji we hope and pray for this transition to be quick and effective for the betterment of all of us. Jai Hind

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vivekpawar80 8 years 12 months ago

MY Transition specific queries: 1. how to avail credit of tax paid under RCM on 6-7-17 (for june 17) which otherwise would have been available in July 17 return as credit.

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Sameer Sharma 8 years 12 months ago

Dear sir , if my FY 16-17 shows stock of amount 2 lakh and m able to sale only 1 lakh rupee material in six month , because the item is not regularly selling how long i can keepthe material , or should i clear asap.

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Vikas Raj 8 years 12 months ago

For anyone who is looking for link to register for this webinar, below is the link: https://zoom.us/webinar/register/82a6a39a8e621a7e7c24e00bf0acd2b8

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Vikas Singla 8 years 12 months ago

Dear sir, I think ayurvedicmedicine not need any type of TAX,because these medicine has our pride, our rishi-muni has done lot of work but ayurveda never get good position, "KABHI ANGREJO NEY NAKARA TU KABHI HUM LOGO NEY PASAND NAHI KIYA" SIR I THINK AGAR TAX NAHI HOGA TUB AYURVEDA KO AUR AAGEY BADNEY MEY MADDAD MILEY GEE AS PER NEW TAX RATES AYURVEDA MEDICINES,INCREASE FROM 5% TO 18%/28% INCLUDING DAILY USED ITEMS,WHICH MEY NOT BE TAKEN BY GENERAL PUBLIC BECASUE OF INCRASED MRPIN COMING DAYS

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DEEPAK KUMAR 8 years 12 months ago

Closing stock itc when take if The concern was registered under earlier law

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PRADEEP J NAAGAR 8 years 12 months ago

Respected sir can we fileing in gst without auditor. composition scheme upload of purchase and sales is mandatory? Kindly suggest me Thanking you pradeepa

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Ravi Jain_39 8 years 12 months ago

माननीय वित्तमंत्री महोदय भारत सरकार। मान्यवर, आपके कार्यकाल में भारत एक टैक्स सुधार के दौर से गुजर रहा है। इसके लिए आप और आपकी सरकार को कोटिशः धन्यवाद । gst लागू होने में काफी कम समय बचा है । महोदय मै आपका ध्यान आकृष्ट करना चाहूंगा कि अगर किसी भी वस्तु की mrp का gst वस्तु के उत्पादनकर्ता या निर्माता से ही ले लिया जाए तो विभिन्न चरणों मे वसूले जाने के क्रम में होने वाली टैक्स चोरी को रोकना संभव हो पायेगा।वरना gst से भी राजस्व की चोरी रोकना संभव नही हो पायेगा।

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SHASHVAT GUPTA 8 years 12 months ago

Please answer following questions Does e-way bill applies in exports above 50,000/-? I am exporter and never paid/deposited service tax on exports being zero rated. I read in GST about the need to pay IGST. Do exporters need to deposit IGST on invoices? Do they need special permission or bond etc so as to get rid of any such tax? Please provide help file explaining structure of CSV files (containing invoices etc) which can be directly submitted as part of GSTR1 etc?

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