With Latest Changes
By An Eminent Faculty
The workshop covers concepts of Works Contracts, Interstate Works Contracts, VAT Credits for WC, TDS ( WC ) Provisions , Specific cases of Works Contract tax & Service Tax like AMCs, Construction Contracts etc.
Also covering overview of proposed Goods & Services Tax ( GST ) and Service Tax with latest updates . Amendments to the CST Act in the Recent Budget.
Target Audience - A must workshop for
Managers/Senior Executives from
- Sub Contractors
- Senior Executives at SME’s
Workshop Schedule :
9:30 AM- 11:00 AM
What is Works Contract tax?
What is Deemed Sale?
Definition of Works Contact tax under D-VAT -Delhi, TN-VAT Act- Chennai, M-VAT Act- Mumbai
Basic Concepts of Levy of works contract tax.
Divisible & Indivisible Works Contracts.
11:00 AM- 11:30 AM Tea Break
11:30 AM- 1:00 PM
Provisions of D-VAT -Delhi, TN-VAT- Chennai, M VAT- Mumbai- & Rules for Works Contract.
The 3 Options namely Actual Deduction, Standard Deduction & Composition.
Practical Illustrations for all the three options and the Best Option.
Availability VAT Credit to both Contractor and the Contractee.
The provision of TDS ( WC )
Transaction between Main & Sub Contractor.
Concept of Fre e Issues under Works Contract .
VAT & Service Tax on the same transaction
1:00 PM- 2:00 PM- Lunch Break
2:00 PM- 4:00 PM
The Interstate Works Contract under CST Act .
Concrete Illustrations of Interstate Works Contracts
Sale in Transit ( E-1 Sale ) under the CST Act
Sale on High Seas under the CST Act
Checklists for Contractors & Contractees
Important Judgments under Works Contracts
Works Contract Provisions — State wise Comparison
Implications of M/s K Raheja Judgment of the Supreme Court
The Specific clauses of Sales Tax in the Agreements
The Proposed GST in India —- Concept , Changes , Model of GST etc.
Mr. S.M. Kulkarni
Vice President- Mahindra & Mahindra Ltd. (Head of Corporate Sales Tax)
30 years of rich experience in corporate management in the Sales Tax
function dealing with Sales Tax department and all India Sales Tax functions for his company.
In-charge of VAT implementation in Mahindra & Mahindra .
Ex – Chairman indirect taxation committee of Bombay Chamber of Commerce and Industry
Convener of Finance & Taxation Panel of CII ( Western Region )
Eminent faculty on VAT, Central Sales Tax and Service Tax
Timings: 9:30 am – 4:30 pm , Registration begins at 9:00 am
Fees: Rs. 8,500/- +12.36 % service tax per person
- Please write to firstname.lastname@example.org / Call -022 66976892
Mention the name of participant, company, contact details .
Cheque favoring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
Fees includes lunch, tea, course material etc.