Addressing the practical challenges in implementing GST 2.0

While the recent GST reforms have been transformative, we recognize that businesses continue to face certain practical challenges relating to GST credits, classification, existing inventory, transition phase and lot more.

In this course, the speaker will discuss:

• Overview of what has changed vs what not – Sectoral wise
• Practical considerations of dealing with price change in existing inventory vs new inventory
• Passing on the benefits to end customers – whether to pass, how to pass, how much to pass and how long to pass etc?
• Controversy surrounding taxability of combo items, dual use products etc
• Dealing with Transition scenarios for continuing transaction pre and post change
• Eligibility of refund of Input Tax credit on inventory purchased at higher rate
• ITC Accumulation due to inverted duty structure on services – whether to write-off?
• Relaxation in Post-sale discounts
• Claiming refund under inverted duty structure – 90% provisional refund in 7 days
• Way forward to GST Tribunal
• Key points for representation before the GST Council and Government to make the reforms truly historic