GST - Issues, Controversies & Possible Solutions
- Year of Publication: 2020
- ISBN: 0
Module Duration:
220 minutes (comprising of 3 episodes)
Module Background:
As we enter the fourth year of GST, whether it can be said that its implementation/introduction has been able to address the twin issues i.e. (i) 'Good & Simple tax' and (ii) “One Nation, One Tax”? The answer undisputedly is a resounding ‘NO’!
The journey of GST so far has been nothing less than a roller coaster ride with complexities embedded in every aspect ranging from implementation, compliance to interpreting GST law. In fact, it would not be out of the place to mention here that GST has unsettled historic issues which were kind of settled under the erstwhile Indirect Tax regime. Not only the disputes on vexed issues are multiplying, but the conflicting decisions of AARs on various issues has also left the taxpayers in a lurch forcing them to knock the doors of the judiciary which has led to a flood of litigations. And this does not seem to end/settle anytime soon. While the GST Council has been proactive and alive to industry concerns, yet, there are still grey areas which need to be addressed.
What shall the module cover?
Against this backdrop, Taxsutra is glad to present a 3 episode module with Advocate Rohan Shah on the theme of “GST - Issues, Controversies & Possible Solutions". In this module, Mr Shah has touched upon three broad issues relating to, (I) Classification, (II) Input Tax Credit & (III) Other Issues.
An illustrative list of areas dealt by Mr Shah includes:
- Principles of classification under the HSN
- Key judicial precedents including Advance Rulings in classification dispute
- Board Circulars & FAQs
- The constitutional validity of provisions restricting the right to transition credit from the erstwhile regime
- The transition of accumulated cess balance
- Vires of provisions governing ITC blockage/burnout
- Constitution of GST Appellate Tribunal
- The constitutional validity of Anti-profiteering provisions
- Recovery of interest without initiation of adjudication proceedings/issuance of notice
- Case studies
- Sectoral Analysis
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2020
- ISBN: 0
Module Duration:
220 minutes (comprising of 3 episodes)
Module Background:
As we enter the fourth year of GST, whether it can be said that its implementation/introduction has been able to address the twin issues i.e. (i) 'Good & Simple tax' and (ii) “One Nation, One Tax”? The answer undisputedly is a resounding ‘NO’!
The journey of GST so far has been nothing less than a roller coaster ride with complexities embedded in every aspect ranging from implementation, compliance to interpreting GST law. In fact, it would not be out of the place to mention here that GST has unsettled historic issues which were kind of settled under the erstwhile Indirect Tax regime. Not only the disputes on vexed issues are multiplying, but the conflicting decisions of AARs on various issues has also left the taxpayers in a lurch forcing them to knock the doors of the judiciary which has led to a flood of litigations. And this does not seem to end/settle anytime soon. While the GST Council has been proactive and alive to industry concerns, yet, there are still grey areas which need to be addressed.
What shall the module cover?
Against this backdrop, Taxsutra is glad to present a 3 episode module with Advocate Rohan Shah on the theme of “GST - Issues, Controversies & Possible Solutions". In this module, Mr Shah has touched upon three broad issues relating to, (I) Classification, (II) Input Tax Credit & (III) Other Issues.
An illustrative list of areas dealt by Mr Shah includes:
- Principles of classification under the HSN
- Key judicial precedents including Advance Rulings in classification dispute
- Board Circulars & FAQs
- The constitutional validity of provisions restricting the right to transition credit from the erstwhile regime
- The transition of accumulated cess balance
- Vires of provisions governing ITC blockage/burnout
- Constitution of GST Appellate Tribunal
- The constitutional validity of Anti-profiteering provisions
- Recovery of interest without initiation of adjudication proceedings/issuance of notice
- Case studies
- Sectoral Analysis
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
