AIPPI (India) Webinar May 30, 2020 (Saturday) | 11:00 AM to 12:00 Noon (IST) For IP Firms and IP Practitioners only TOPIC: Decoding Income Tax and GST provisions for IPR Professionals SPEAKER: Mr V. Lakshmikumaran MANAGING PARTNER, LAKSHMIKUMARAN & SRIDHARAN Taxation (both Income tax and GST) is becoming more and more complex with a number of amendments, Court rulings, etc. Non-compliance with these tax laws will result in past demands of taxes, interest, penalty, and criminal prosecution. Traditionally, we dealt with the payment of income tax on our profits. However, with a large component of our practice being international, we need to understand these issues both under domestic and international tax principles. A complex GST regime also has an impact on our business and transactions. Law firms and lawyers though not required to pay GST (because clients have to pay GST on reverse charge), still have to comply with several GST provisions. The talk will cover the following issues: Application of withholding tax provisions on payments to foreign counsels Characterisation of payments as royalty, fee for technical services for international vendor payments Understanding reverse charge provisions in GST GST implications on international transactions, sponsorships etc. Export requirements for GST Apportionment of GST credit CLICK THE ‘REGISTER HERE’ LINK ABOVE TO REGISTER FOR THIS WEBINAR OR YOU CAN DOWNLOAD THE ‘GOTOWEBINAR’ MOBILE APP ON YOUR SMARTPHONE AND USE WEBINAR ID: 364-460-131 TO CONNECT. IN CASE OF ANY ISSUES OR QUERIES, PLEASE CONTACT: Mr. Fraser Sequeira Email: fraser.sequeira@lakshmisri.com Call: +91 9860056194