The Synthetic & Rayon Textiles Export Promotion Council

Half Day Seminar on GST & Export Finance on 26th April, 2019 at SRTEPC Head Office in Mumbai

Ref: MR/CIR/1728                                                                                         22nd April, 2019

To: Members of the Council

Sub: Half Day Seminar on GST & Export Finance on 26th April, 2019 at SRTEPC Head Office in Mumbai

Dear Sir,

As you are aware, the GST law mandates filing of Annual Return in FORM GSTR- 9 and FORM GSTR-9A, Vide Order No 3/2018-Central Tax, dated 31.12.18, and the last date for filing the Annual Return for the Financial Year 2017-18 has been extended to 30th June 2019.

GSTR- 9 consists of the details of the supplies made and received during the year under different tax heads viz., CGST, SGST and IGST. It consolidates all the information furnished earlier in the monthly / quarterly returns during the year. There are 4 types of returns to be filled under GSTR- 9 viz., GSTR - 9, GSTR - 9A, GSTR - 9B and GSTR - 9C.

It is important that the companies do make the documentation and filling in desired order and on time. Therefore, it is urgent for reconciliation of the records of supplies made and received in order to prepare for the Annual Filling to the GSTR – 9. 

Number 2. Another important issue in export business currently is the Export Finance. When companies export products or services, long payment terms and delayed refunds of ITC under GST can often create working capital challenges. The up-front cost of producing, shipping, delivering the goods, etc. can be critical and tricky for businesses to manage. Export finance helps businesses release working capital from international or domestic trade transactions, which would otherwise be tied-up in invoices or purchase orders (for up to 180 days). Export finance can also help a company to grow and increase trade.

Considering uniqueness as all the registered taxpayers are required to file this GSTR - 9 for the first time in India and therefore likely difficulties that may be faced by them and the importance of the Export Finance, the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) is holding a Half-Day Seminar in Mumbai as per the following details:

Date:               Friday, April, 26, 2019

Time:              2 pm to 6 pm.

Venue:            SRTEPC, Resham Bhavan, 78 Veer Nariman Road, Mumbai- 400 020.

The Seminar will be of two Sessions viz., GSTR - 9 and Export Finance - Factoring. Power Point Presentations will be made by subject experts during the Seminar followed by question and answer session.

Members are requested to kindly send the duly filled Reply Form at mr@srtepc.in by Thursday, 25th April, 2019 to participate in the Seminar and avail the benefit of the same.

Please note that participation in the Seminar will be based on first-cum-first serve basis due to space limitation, and hence, you may kindly depute concerned representative/s to attend the Seminar.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR