Indirect Taxes Committee - Assisting for Equitable Tax Laws
Providing assistance and advice for modest, equitable, and certain indirect tax laws. Making representations to governments, conducting research and studies, organizing training programmes, and enhancing awareness through various initiatives.
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INDIRECT TAXES COMMITTEE INDIRECT TAXES COMMITTEE THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA 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 Assisting and advising for modest, equitable & certain Indirect Tax laws Making representations to Central and State Governments and /or its committees/ groups. To enhance the awareness/ knowledge of Indirect Taxes and identifying potential opportunities through programmes, seminars, certificate course, webcasts etc. To conduct research/ studies in Indirect Taxes To conduct training programmes for official of Central and State Governments 2
Action Plan 2016-19 To submit Technical Inputs/representation to Government Submission of Pre & Post Budget Memorandum Research & Publications E-learning Modules: New E-learning on GST Connecting with members through IDT NET Involvement of Members in Research Initiatives of the Committee Training Programme for Officials of CBEC/ State VAT Departments etc. Forming study groups for undertaking research and knowledge sharing 3
Indirect Taxes Publications / Research 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. Central Excise Law & Procedures Jewellery Industry (English & Hindi) Compliances of Service Tax in Banking Sector (Revised 2016) All old publications being revised with/ till Finance Act 2016 Other new Publications in making: Sector specific publications on GST for Traders , Manufacturers and Service Provider etc. Technical Guide on implication of GST on E-commerce transactions Handbook on Professional Opportunities for members in Indirect Taxes practice History of Sales Tax/ VAT/ CST & Services Tax 4
Web Portal- www.idtc.icai.org Regular Indirect Tax updates to Registered Members Platform for providing suggestions on Indirect Taxes (GST, pre-budget, post-budget etc.) E-Library of all the Committee Publications freely downloadable, online ordering Details of Certificate Courses, Programmes, Seminar, Conferences etc. E-learning Modules on Excise, Service Tax, Customs & CST Live-Webcasts organised recordings available for viewing Connect with Indirect Taxes Committee as authors, faculties etc. Knowledge Sharing, Announcements, Important Activities, Important web-links etc. 5
Study Groups Study Groups to support Indirect Taxes Committee: to make appropriate representations to Government through Committee to identify the regional issues in the area of Indirect Taxes to enhance the awareness/ knowledge of members in Indirect Taxes through programmes, seminars, certificate courses etc. to assist committee in updating/ reviewing and revising existing publications and bringing out new publications to conduct research when assigned 6
Study Groups Contd. Pan India details of Study Groups is as follows: Number Members of Number Members of Region Place Region Place SIRC Bengaluru Chennai Hyderabad Kerala Telangana Ahmedabad Mumbai Pune Surat 24 15 10 10 9 20 21 8 8 CIRC Indore Jaipur Kanpur Patna Bhubaneshwar Guwahati Kolkata Delhi 9 18 9 8 7 7 7 4 EIRC WIRC NIRC 7
What's Next GST Programme / Seminar 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 GST Research initiative : 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) : One already completed, Next is scheduled in the September / October 2016 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