All about E-waybills, Refunds and Anti-Profiteering provisions in GST

About The Event

India-gst.in is coming up with a series of sessions on latest changes in GST and as part of it, the first session is being held in Hyderabad on 7th March 2018. Eminent speakers are being invited to address the sessions. 

It will be useful to executives, professionals and key decision makers in the organization as the topics covered are of primary importance under GST like E-waybills, Refunds and Anti-profiteering provisions in GST.

Session – 1  E-waybill by MR. ROHIT KUMAR SINGH, Indirect Tax Consultant

E-waybills for an interstate movement of goods above Rs 50,000 under GST using the central portal. Topics to be covered are

  • Introduction of e-Way Bill
  • Why is e-Way bill required
  • When should e-Way Bill be issued?
  • Cases when e-Way bill is Not Required
  • Who should Generate an e-Way bill
  • States that have Notified e-Way Bill
  • Processes involved in generation of web-based e-Way Bill
  • Practical demo of E Way Bill generation – Thru excel tool
  • Validity of e-Way Bill
  • Documents required to generate e-Way Bill
  • Enabling the various modes of the e-Way Bill generation
  • Physical check on e-Way bill

— Lunch Break —

Session II – Refunds by CMA Bhogavallli Mallikarjuna Gupta, Founder India-gst.in

  • Refunds – Law and documentation
  • Refund on excess balance in electronic credit ledger
  • Refund on export of goods and services with payment of IGST
  • Refund on export of goods and services without payment of IGST
  • Refund on deemed exports
  • Refund on supplies to SEZ – with/without payment of duties

Session III – Anti Profiteering by CMA Bhogavallli Mallikarjuna Gupta, Founder India-gst.in

  • Anti-Profiteering Meaning
  • Rules
  • Documents to be verified

The venue will be announced shortly as our logistics partners are working on it to provide the best experience.

About Speakers
 
Mr. Rohit Kumar Singh
Head GST Suvidha Provider – Karvy Data Management Services Limited
Co-authored a book on Company Law Matters
Speaker – ASSOCHAM, FTAPCCI, Industry associations, T-HUB, 91 Springboards, ICAI, ICMAI, Calcutta Management Association, etc.
Faculty for Indirect tax for ICAI and GST Certificate course for ICMAI

CMA Bhogavalli Mallikarguna Gupta
Advisor, Speaker, and Author on Indian GST
Founder and Chief Editor of http://www.india-gst.in
Director – Business Advisory Services, Procode Softech Pvt Ltd
Resource Person – ICAI Taxation
Special Invitee – GST and Customs Committee at FTAPCCI
National Advisory and Governing Body member at MSME World

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GST Tip – 325

As per Section 16 of the IGST Act, Zero Rated supplies means the supply of goods or services or both to SEZ Units or SEZ Developers or Exports.

GST Tip 290

In Section 3.1 of GSTR – 3B, details of the outwards supplies along with the inwards supplies on which reverse charge is applicable has to be shown. It should be shown in summary format for the above supplies with the taxable value for each category along with the tax amounts. Outward supplies for Zero Rated, Nil Rated and exempted supplies have to be shown separately in the same section.

 

 

GST Tip – 175

Input tax credit with respect to a banking company or a financial institution including a non-banking financial company, engaged in supplying services by way of accepting deposits, extending loans or advances have an option to claim only 50% of the GST taxes paid as Input Tax Credit. Alternatively, they can avail input tax credit to the extent excluding the services used for exempted and zero rated supplies.