TIOL Knowledge Foundation – TKF releases GST 5th anniversary overview on Monday

TIOL Knowledge Foundation (TKF) is expected to release an overview of India’s five years of GST on Monday. Around 40 indirect tax experts provided their perspectives and insights on GST’s journey so far. Experts were drawn from all fields, including politics, policymaking, law, accounting, business, management, and financial journalists. The brief will be presented by Justice Manmohan, Chief Justice of the Delhi High Court, and Dr Bibek Debroy, Chairman of the PM’s Economic Advisory Council, at the TIOL Tax Congress 2022.

At the same eventFive Years of GST’s The Cob (Web) – Threading the Needle" It will be unveiled by Tamil Nadu Finance Minister Dr P Thiaga Rajan. Rajya Sabha member, Sushil Modi, former Supreme Court of India judge, Justice AK Patnaik and former Punjab Finance Minister Manpreet Singh Badal. The book is written by Mr Shailendra Kumar, founder and CEO of www.taxindiaonline.com, who has also written two other books in the past. "COVID-19 – Non-Parallel Genocide" and’black rain fallsOn the issue of ‘dark money and tax havens’.

TIOL Tax Congress 2022 will feature four technical sessions where global experts will join Indian experts to deliberate on key tax issues shaking the Indian and global economies. Mr Michael Lennard, Secretary-General of the UN Committee on Taxation, will participate in the Digital Economy session comprising speakers from CBDT, Jio Platforms, renowned senior advocates, former CESTAT members and partners from Deloitte, the knowledge partner of the event. What makes this session relevant for the ‘Digital India’ driven economy is that with a market potential of trillions of dollars globally, businesses are ready to be transformed through portals and apps replacing face-to-face sales models with digital sales. This has raised numerous issues that need to be addressed by policymakers, taxpayers and experts in the field of direct and indirect taxes.

The second technical session was on the new income tax code. Is India 24 hours behind? DTC reports have been refrigerated, but the general perception of income tax laws is that they are past their usefulness and shelf life. Six top experts will deliberate on various chapters of the law and take a comprehensive look at the capital gains regime. personal income tax; business income; NRI taxation and many other things.

The third session is – Automated Tax Compliance – Bid Data Management. Senior speakers from the World Bank will join the CEO of GST Network and other experts from industry and trade and CBDT to examine AI and blockchain-based tools that are being deployed for taxpayer convenience as well as prevention of tax evasion. Data analytics has become important for all stakeholders.

In the fourth session, we will look at the next frontier for GST, which has entered a significant phase of reform. Experts, including international speakers, will address issues related to excluded sectors, especially the energy sector. input tax credit; Compliance, etc.

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