INDIRECT TAXES COMMITTEE THE INSTITUTE OF CHARTERED ACCOUNTANTS

INDIRECT TAXES COMMITTEE THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Prepared By : Secretariat, Indirect Taxes Committee Presented By: CA. Madhukar N. Hiregange Chairman, Indirect Taxes Committee 1

About the Indirect Taxes Committee Ø Assisting and advising for modest, equitable & certain Indirect Tax laws Ø Making representations to Central and State Governments and /or its committees/ groups. Ø To enhance the awareness/ knowledge of Indirect Taxes and identifying potential opportunities through programmes, seminars, certificate course, webcasts etc. Ø To conduct research/ studies in Indirect Taxes Ø To conduct training programmes for official of Central and State Governments 2

Action Plan 2016 -19 Ø To submit Technical Inputs/representation to Government Ø Submission of Pre & Post Budget Memorandum Ø Research & Publications Ø E-learning Modules: New E-learning on GST Ø Connecting with members through IDT NET Ø Involvement of Members in Research Initiatives of the Committee Ø Training Programme for Officials of CBEC/ State VAT Departments etc. Ø Forming study groups for undertaking research and knowledge sharing 3

Indirect Taxes Publications / Research Ø BGM on Model GST Law (8, 000 Copies Printed, 25, 000+ Downloads in soft copies) and Suggestions on Model GST Law submitted to the Govt. Ø Central Excise Law & Procedures – Jewellery Industry (English & Hindi) Ø Compliances of Service Tax in Banking Sector (Revised 2016) Ø All old publications being revised with/ till Finance Act 2016 Ø Other new Publications in making: Sector specific publications on GST for Traders , Manufacturers and Service Provider etc. v Technical Guide on implication of GST on E-commerce transactions v Handbook on Professional Opportunities for members in Indirect Taxes practice v History of Sales Tax/ VAT/ CST & Services Tax v 4

Web Portal- www. idtc. icai. org Ø Regular Indirect Tax updates to Registered Members Ø Platform for providing suggestions on Indirect Taxes (GST, pre-budget, post-budget etc. ) Ø E-Library of all the Committee Publications – freely downloadable, online ordering Ø Details of Certificate Courses, Programmes, Seminar, Conferences etc. Ø E-learning Modules on Excise, Service Tax, Customs & CST Ø Live-Webcasts organised – recordings available for viewing Ø Connect with Indirect Taxes Committee as authors, faculties etc. Ø Knowledge Sharing, Announcements, Important Activities, Important web-links etc. 5

Study Groups Ø Study Groups to support Indirect Taxes Committee: v to make appropriate representations to Government through Committee v to identify the regional issues in the area of Indirect Taxes v to enhance the awareness/ knowledge of members in Indirect Taxes through programmes, seminars, certificate courses etc. v to assist committee in updating/ reviewing and revising existing publications and bringing out new publications v to conduct research when assigned 6

Study Groups Contd. Ø Pan India details of Study Groups is as follows: Region Place CIRC Indore Jaipur Kanpur Patna Bhubaneshwar Guwahati Kolkata Delhi EIRC Number Members 9 18 9 8 7 7 7 4 of Region Place SIRC Bengaluru Chennai Hyderabad Kerala Telangana Ahmedabad Mumbai Pune Surat WIRC Number Members 24 15 10 10 9 20 21 8 8 of 7

What's Next GST Programme / Seminar v v Course on GST / Passing of the Law- Certificate Course on GST Course on Customs & FTP Course on Litigation Management & Representation Skills Live webcast on GST Research initiative : v v v Analytical Articles on GST –Topic wise would be hosted on the website of the Committee Issue based study e. g Unjust enrichment, Seamless credit, Valuation, E-commerce etc. Sector specific Publications as mentioned Faculty Identification Programme & Train the Trainer programme (to increase faculty base) : v One already completed, Next is scheduled in the September / October 2016 Ø IDT Update, E-learning on Indirect Taxes, Connect with the Committee through study group, website , research etc. 8

Indirect Taxes Committee The Institute of Chartered Accountants of India ICAI Bhawan A-29 Sector 62, Noida (U. P. ) Phone: 0120 3045954 Email: idtc@icai. in Website: www. idtc. icai. org; www. icai. org 9