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Expert Workshop on 'Getting Ready for the GST Regime'

With GST law under formation, an “Expert Workshop” was held on October 13, 2016 at Hotel Eros, Nehru Place, as a part of the series of workshops that have been conducted by PetroFed for GST.

This half day workshop that had been conducted in knowledge partnership with Deloitte basically focused on the operational aspects of GST implementation. Comprising of a specific congregation of industry members who are associated with the ground level implementation of GST, this direct and focused discussion enabled industry members to deliberate at the issues at the ground level.

Flagging under the theme of “Getting ready for the GST regime”, this sector based approach directed towards the Finance /Tax heads served as a great platform to brain storm the impact of the GST issues and to plan the way forward. Attended by prominent participants across the Oil and Gas Industry – Upstream, Downstream, Service providers and Natural Gas Distribution companies, this workshop helped in clarifying the many doubts raised by members with regard to grass root implementation of GST.

The workshop saw by Mr. Rajiv Bahl, Director (Finance, Taxation & Legal), PetroFed initiating formal introduction to the program and impressing upon the industry members the need for this workshop so as to explore the procedural aspects of GST implementation.

The overview and approach to the program was provided by Mr. Hemal Zobalia, Tax Leader – Energy & Resources – Deloitte. Mr. Y. Parande, Advisor, Tax – Indirect Tax, Deloitte provided his insights on the key challenges and approach from a governance perspective. As a Member CBEC, Retd, he was able to clarify the queries raised by the participants.

The presentation session was essentially divided in to two portions - Challenges faced by Upstream/ Service providers/Natural Gas Distribution companies and Challenges faced by downstream Companies. Both these sessions were headed by Mr. Anoop Kalavath

Indirect Tax Partner – Energy & Resources, Deloitte who was able to gauge the nature of issues faced by the various sectors of the industry and address the same.

Ms. Kaushiki Sinha Ray, Senior Asst. Director(Economic Research), PetroFed anchoring the workshop.
Shri R. Bahl, Director(Finance, Taxation and Legal), PetroFed welcoming the participants.
Mr. Hemal Zobalia, Tax Leader – Energy & Resources – Deloitte giving the overview and approach on the GST.
Mr. Y. Parande, Advisor, Tax – Indirect Tax, Deloitte; Member CBEC, Retd. giving the Key Challenges and approach from a governance perspective.
A section of the particpants
Mr. Anoop Kalavath, Indirect Tax Partner – Energy & Resources, Deloitte talked about the challenges faced by Upstream and Downstream companies.
Shri N V N Ramsai, Executive Director, IOCL raising a point
Meeting in progress.
Q&A session in progress.
Shri R Bahl responding to a query.
Mr. Hemal Zobalia delivering the closing remarks