Learning and Knowledge never exhaust the mind, it is a continuous process. Moreover, with the ethos of the SW Group and SW India initiative to organize the ‘Technical & Knowledge Workshop’, a year-end conference on December 5th, 2019 focusing mainly on Chinese Companies doing Business in India.
An overwhelmed response received from Chinese nationals and large Indian companies; the session was attended by 70+ delegates and the workshop was graced by the presence of Mr. Harris Liu from China Council of the Promotion of International Trade (CCPIT).
The session commenced with full-swing with the introduction of SW Group, its International presence, capabilities and a brief introduction of SW India, well-presented by Mr. Atul Puri, Practice Leader-Taxation & Assurance.
Goods and Services Tax is a vast topic, and could take hours of discussion. Knowledge was shared on the topic of Import and Export of goods and services under this tax regime, and its implications by Mr. Amandeep Singh Oberoi, Manager-Indirect Taxation. The audience was interested to understand the recently introduced GST tax regime in India.
Importance of Control Framework, Internal Audit, and Internal Financial Control was shared as knowledge, training and case studies in real-life scenarios by Mr. Manish Kumar, Practice Leader-Process & Risk Advisory Services. It was an interactive session and kept the audience engaged till the very end with questions and answers.
Post tea and a brief networking session, topic on Direct Taxation was covered with emphasis on Transfer Pricing Regulations in Cross-Border Transactions with Associated Enterprises and Taxability on transfer of investments made by foreign enterprises in Indian entities, by Mr. Nishant Aggarwal, Senior Manager-Direct Taxation, who shared his thought and experience with live examples.
At the end, importance of accounting and bookkeeping for Chinese Companies operating in India was shared along with SW Group’s Shared Data Center’s capabilities at Xi’an given by Mr. Atul Puri, Practice Leader-Taxation and Assurance.
A vote of thanks was delivered, and that marked the conclusion of the workshop, everyone proceeded for a grand lunch and a session of networking.
Overall, the workshop was a successful session of learning, excitement and fun. The feedback was compiled by the Organizing Team of SW India and it was a moment of delight when the conference received a positive feedback and was rated 4.75 out of 5.00 based on various parameters.