GST Conclave on GST Audit and Annual Return - Input Tax Credit & Finalisation of Accounts - Issues, Approach and Challenges



Indirect Taxes Committee of PHD Chamber is organizing  GST Conclave on "GST Audit and Annual Return - Input Tax Credit & Finalization of Accounts -  Issues, Approach and  Challenges" on Wednesday, 12th December 2018 from 10.00 am -  5.00 pm at PHD House, New Delhi.

As you are aware, that all regular taxpayers registered under GST are required to furnish an Annual Return (GSTR 9) along with copy of audited annual accounts and GST Audit Report (GSTR 9C) on or before 31 December 2018.

The Conclave aims to provide the assessees practical expertise to better understand and analyse how to fill up the forms (GSTR 9 & GSTR 9C).

The Conclave would be addressed by Senior Government Officials, leading Tax Experts, Corporate Leaders, CFOs, Finance and Taxation Directors, Senior Corporate Executives, Tax Consultants and Eminent Professionals.

PROGRAMME OUTLINE


10:00 AM - 10.30 AM

Registration

10.30 AM - 11.30 AM

INAUGURAL   SESSION

Opening Remarks
President/Sr. VP/VP
PHD Chamber

Theme Presentation
Mr. Bimal Jain
Chairman, Indirect Taxes Committee, PHD Chamber

Address by Chief Guest
Shri Prakash Kumar
CEO, GSTN

Open Issues and Questions/ Answer

Concluding Remarks & Vote of Thanks
Mr. N K Gupta
Co- chairman, Indirect Taxes Committee, PHD Chamber

11.30 AM - 11.45 AM

Tea Break

11.45 AM - 01.15 PM

TECHNICAL SESSION I

Presentation on FORM GSTR-9 Annual Return


Table No. 6

Details of ITC availed as declared in returns filed during the financial year

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B)

Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs)

Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed

Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed

Import of goods (including supplies from SEZs)

Import of services (excluding inward supplies from SEZs)

Input Tax credit received from ISD

Amount of ITC reclaimed (other than B above) under the provisions of the Act

Sub-total (B to H above)

Difference (I - A above)

Transition Credit through TRAN-I (including revisions if any)

Transition Credit through TRAN-II

Any other ITC availed but not specified above

Sub-total (K to M above)

Total ITC availed (I + N above)

Table No. 7

Details of ITC Reversed and Ineligible ITC as declared in returns filed during the financial year

Table No. 8

Other ITC related information

Pt. IV

Details of tax paid as declared in returns filed during the financial year

Pt. V 

Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto  date of filing of annual return of previous FY whichever is earlier

Pt. VI  

Other Information


Mr. Jatin Harjai
J. Harjai & Associates

Q & A Session

01.15 PM - 01.45 PM

Networking Lunch

01.45 PM - 03.45 PM

TECHNICAL SESSION II

Presentation on Form GSTR-9C - Reconciliation Statement


Table No. 12

Reconciliation of Net Input Tax Credit (ITC)

A

B

C

D

E

F

ITC availed as per audited Annual Financial Statement for the State/ UT (For multi-GSTIN units under same PAN this should be derived from books of accounts)

ITC booked in earlier Financial Years claimed in current Financial Year

ITC booked in current Financial Year to be claimed in subsequent Financial Years

ITC availed as per audited financial statements or books of account

ITC claimed in Annual Return (GSTR9)

Un-reconciled ITC

Table No. 13

Reasons for un-reconciled difference in ITC

Table No. 14

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account

Table No. 15

Reasons for un - reconciled difference in ITC

Table No.16

  Tax payable on un-reconciled difference in ITC


Presentation on FORM GSTR-9 Annual Return


Pt. IV

Details of tax paid as declared in returns field during the financial year

Table No. 10

Supplies / tax declared through Amendments (+) (net of debit notes)

Table No. 11

Supplies / tax reduced through Amendments (-) (net of credit notes)

Table No. 12

Reversal of ITC availed during previous financial year

Table No. 13

ITC availed for the previous financial year

Table No. 14

Differential tax paid on account of declaration in 10 & 11 above


Open Issues in ITC

Mr. Bimal Jain & Ms. Isha Bansal
A2ZTaxcorp LLP

03.45 PM - 04.00 PM

Open House Session

04.00 PM - 05.00 PM

TECHNICAL SESSION III

Presentation on Critical Aspect of GST Annual Return & Audit

Mr. J K Mittal
Advocate
Q & A Session

05.00 PM -  05.05 PM

Vote of Thanks

Mr. N K Gupta
Co- chairman, Indirect Taxes Committee, PHD Chamber


PARTICIPATION FEE (Inclusive of GST)
RS. 1500/- PER PARTICIPANT

The payment may be made by online/cash/ cheque/ Demand Draft in favour  of "PHD Chamber of Commerce & Industry" payable at Delhi. Please send your confirmation and register for the Conclave at the earliest.

Your confirmation may kindly be emailed to us on:
mariamma@phdcci.in / shikha.bhatt@phdcci.in / taranjeet.singh@phdcci.in


Event from : 12 December 2018
Event to : 12 December 2018
Events Venue : PHD House, New Delhi


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