Tea, Assembly & Informal Networking

Expert Session: Input Tax Credit and Major Amendments

• Concept of Input Tax Credit
• Important Definitions relevant to ITC
• Formula for Calculation of Input Tax Credit in terms of CGST Rules
• Reversal of Input Tax Credit

Tea with Snacks

Analysis and Interpretation: Input Tax Credit

Concept, Analysis and Critical Issues of Section 17 read with Chapter V of CGST Rules

• Tran-1 Credit Related issues – C Form related disallowances, refund claims in Excise, Service Tax and VAT
• Exempt Supply – Key Aspects in Aggregate Turnover, Planning Opportunities and Challenges
• Accumulation of Input Tax Credit – Issues and Strategies
• Inverted Duty Structure – Impact of Notification 21/2018 dated 18th April 2018