1 day seminar on “WORKS CONTRACT/PROJECT EXECUTION”
(TAX PLANNING UNDER VAT AND SERVICE-TAX LAWS)
Date: 13th Feb 2012
Venue: A Five star Venue to be confirmed shortly
Location: Mumbai
Overview of the seminar - The Seminar will cover basic concepts right from grass root level of both the Indirect Tax laws viz. VAT and Service-tax. It will thereafter address the intricacies and complicated areas connected with applicability of these laws to the activities of supply and services involved in execution of works contract or project execution. Endeavour will be that at the end of the day, each participant will go with enriched knowledge of this cumbersome area of Indirect tax law which will help him better in protecting the interest of organization from any untoward exposure.
Brief profile of the speaker - Harish Motwani - A thorough Professional having in-depth knowledge in the field of Indirect Taxation with over 35 years of Industry exposure in handling of indirect tax matters with special expertise in imparting inter-active training on intricacies of indirect tax laws to Trade and Industry, as a regular faculty in various prestigious Institutions. Retired Vice-President of Siemens Limited. Has conducted various in-house seminars/workshops on all India bases covering the various subjects of indirect taxation relevant for various departments/factories of Siemens group of Companies. Has served as visiting Faculty to IIM, Bangalore for mi ddle/Senior Level Management courses for several years. Visiting faculty to various local Business schools and Educational Institutions.
Why you must not miss this seminar?
The intricacies connected with VAT and Service-tax has increased manifold in the recent times, for the companies engaged in Works Contract and Project Execution. Radical changes have been made in both these Indirect Tax Laws as a result of that it is a must for relevant companies to understand the implications of such amendments and go for optimum tax planning. The taxes alone can tilt the scale in favor of competitors in today’s competitive world. Therefore no organization, ones who are engaged in execution of Works contract or those who are awarding such contracts can afford to overlook this subject of tax planning.
Who should attend?
The seminar should be attended not only by persons connected with handling of Indirect tax subject, but persons of all other relevant departments such as Finance, Accounting, Sales, Marketing, Technical etc., as all such departments are involved right from bidding process till the final execution of Works contracts/projects. In order to cover the exposure on account of impending tax burden it is a must to impart knowledge to all such concerned persons of the organization.
From Sectors: - Seminar is relevant for all Companies who are engaged in execution of Works contracts and Project Execution as also for the companies who are engaging outside Works Contractors to carry out said activities. Seminar will be especially useful for companies engaged in EPC projects, Constructions, Power, Engineering, Mining etc. both in Private as well as Public Sectors.
1 DAY SEMINAR AGENDA-
Fore Noon Session: 9.30 a.m. to 1.00 p.m.
(With Tea Break at 11.15 am)
SESSION - I: BASIC CONCEPTS OF VAT
· Basic concepts and Salient Features of VAT Law
· Taxable Event
· Relevance of movement of Goods
· Local Sale V/s Central Sale
· Transit Sale Provisions
· Exemptions
· Sale in the course of Import
· High Seas Sales
· Return of Goods
SESSION - II: VAT vis-à-vis WORKS CONTRACT/PROJECT EXECUTION
· Historical Background and Constitutional Position
· Type of Works Contracts
· Divisible & Indivisible Contracts
· Which Contract to be preferred
· Essence of Works Contract
· Precautions to be taken
· Computation of VAT for goods involved in execution of Works Contract
· Composition Scheme
· Sub-Contracting
· Factors relevant for Tax Planning for Works Contract
After Noon Session: 2.00 p.m. to 5.00 p.m
(With Tea Break at 3.30 pm)
SESSION - III: BASIC CONCEPTS OF SERVICE-TAX
· Basic Concepts & Salient features of Service-tax provisions
· Constitutional Validity
· Who is liable
· Classification of Services
· Valuation Provisions under Service-tax Law
· Cenvat Credit Scheme (Credit of Inputs/Capital Goods/Input Services)
· Taxability of Import of Services (Reverse charge mechanism)
· Exemption on account of Export of services
· General Exemptions applicable under Service-tax law
SESSION - IV: SERVICE-TAX vis-à-vis WORKS CONTRACT/PROJECT EXECUTION
· Works Contract Category introduced under Finance Act, 1994
· Govt. Objective behind introduction of Works Contract Category
· Basic Conditions to be fulfilled for inclusion under Works Contract Category
· Contracts statutorily covered
· Important Litigations relating to Works Contract
· Valuation of Taxable Services contained under Works Contract
· Options for Payment of service-tax for services covered under Works Contract
· Salient features of Composition Scheme prescribed under Service-tax law
SESSION – V: OPEN HOUSE
Fees per participant is INR 12,500/- + 10.3% service tax. Cheque/D.D - to be prepared in favor of "Indian Business Media Group" payable at par in Mumbai.
This is a Non Residential Course
This workshop is strictly restricted to 25 participants and seats are available on 1st come 1st serve basis.
To register pl send us your full company name, postal address with pin as required on the invoice along with the nominated officials full name, designation, email address and telephone no. for further communication.
For any assistance Pl contact Mr. Adan Shahid - 09594830091 - m...@ibmgroup.in
Indian Business Media Group
203/204, A-Wing, Sagar Drishti,
Behind New Shahi Hotel,
Mira-Bhy Road, Mira Road (E),
Thane – 401107
Tel: 022 65810108
Fax: 022 2812 8135
Web: www.ibmgroup.in
