Live Webinar
What next for BFSI Sector under GST?
Join us for the Live Webinar where our GST experts will discuss everything you must know about managing pain points, navigating GST audits, mitigating litigation risks, and futureproofing your processes. Don't miss this opportunity to stay ahead in the dynamic landscape of BFSI and GST. Register now!
7th July 2023, at 4.00 PM IST
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What’s covered in the webinar?
Followed by a LIVE Q and A session for all the participants!
Pain of BFSI Sector under GST Era
The Banking, Financial Services, and Insurance (BFSI) sector has experienced its fair share of challenges in the GST era.
The sector has faced difficulties in aligning their existing systems and processes with the requirements of GST, resulting in operational inefficiencies and the need for substantial system upgrades. Furthermore, the intricacies involved in determining the place of supply, especially in the case of cross-border transactions, have added an additional layer of complexity for BFSI businesses, requiring them to navigate through intricate tax calculations and documentation requirements.
The sector has also faced uncertainties regarding the taxability of certain services, classification issues, and GST reconciliation issues across various branches resulting in prolonged litigation processes and potential financial liabilities. Moreover, the divergent views on GST applicability for certain financial instruments and services have further exacerbated the GST audit and litigation scenario.
Know Your Hosts!
Satish S
Satish S is an associate member of ICAI and ICWAI. He joined DAA Consulting to head the Practice in 2018. He has 35+ years of experience across Industry and Consulting in Indirect Taxation and Technology. His specialty is advising on tax implications on business aspects such as amalgamation, long-term contract structuring, ERP Implementation etc. He is a prolific speaker in august forums and conferences conducted by industry and trade bodies.
Akshay Arvind
Akshay Arvind is a fellow member of ICAI and an associate member of ICSI with over 10 years of experience in Management Consulting and Indirect Taxation. He started his career at the inception of DAA and heads the Mumbai and Bangalore offices. He has done over 50 tax optimization studies for various Fortune 500 and Indian Multinational clients where he has added value through his out-of-the-box thinking and innovative structuring of business transactions. He is a prolific litigator with a successful track record before Adjudicating and Appellate Authorities and Tribunals. He also leads the technology initiatives at DAA Consulting. He has
been a speaker at various Indian & International Industry & Trade conferences.
been a speaker at various Indian & International Industry & Trade conferences.
Swati Ajmera
Swati Ajmera is a Chartered Accountant with 10 years of experience in Direct and Indirect taxation, Assessment, and Statutory Audit. Currently working with IRIS as GST Consultant. She is actively involved in the product development of IRIS LMS Software. In her leisure time, she enjoys spending time with family and friends.
Mark your Calendars and Register now to Reserve your Spot!
This webinar is a must-attend for all professionals and business personals from the BFSI Sector who want to stay on top of their GST compliance, manage GST audits and litigation effectively.
So, mark your calendars and register now to reserve your spot!
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