The 52nd GST Council Meeting has recommended various changes and measures for facilitation of trade under GST law. Some noteworthy recommendations relate to taxability of personal guarantee and corporate guarantee, restoration of provisionally attached property, export of services, supplies to SEZ units/ developer for authorised operations, etc.
It is worthwhile to deliberate upon the plausible impact of these proposed amendments by looking back at the tax positions adopted. This would ensure that organizations are prepared and well-equipped to implement the recommendations and clarifications.
Lakshmikumaran & Sridharan Attorneys (LKS) is organizing a webinar on 18 October 2023 (Wednesday), from 3:00 PM to 4 PM, to decode the important recommendations made by the GST Council and other issues which are bothering the industry for long.
The webinar will cover the following topics including some noteworthy recommendations:
- Corporate Guarantee and Personal Guarantee
- Automatic restoration of provisionally attached property
- Export of services
- Supplies to SEZ units/ developer for authorized operations
- Scope of ISD v Cross Charge – Optional or mandatory?
- Place of supply of goods to unregistered persons
- Time limit for filing refund of tax deposited under mistake – Delhi High Court decision
- Procedure for recovery of tax on mismatch of GSTR-1 and GSTR-3B, difference in ITC as per GSTR-2A and GSTR-3B etc.
Speakers:
Asish Philip - Partner, LKS
Darshan Machchhar - Associate Director, LKS
Apeksha Bansal - Associate Partner, LKS