One day Seminar On Indirect taxation Of Works Contract

One day Seminar On Indirect taxation Of Works Contract

 

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    INR 2500
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About The Event

An exclusive program designed especially for those Executives connected with Works Contract transactions of their Companies.

The Program covers concepts of Works Contracts, Interstate Works Contracts, VAT Credits for WC, Specific cases of WC & Service Tax like AMCs, Construction Contracts etc. A must workshop for All Contractors, by the well known expert in the field.

Also covering overview of proposed Goods & Services Tax ( GST ) with latest updates after 1st discussion paper.

Programme Content :

Session 1:

10:30 AM- 12.00

* Works Contract?

* Deemed Sale?

* Def’n  under VAT Act.

* Basic Concepts of Levy of Works Contract.

* Divisible & Indivisible Works Contracts.

* The 3 Options namely Actual Deduction, Standard Deduction & Composition.

* Practical Illustrations for all the three options and the Best Option. 

 

Session 2:

12.15 PM - 1:30 PM

* Provisions of VAT Act. & Rules for Works Contract.

* Availability VAT Credit to both Contractor and the Contractee.

* The provision of TDS.

* Transaction between Main & Sub Contractor.

* Legal provisions and documentation.

 

Session 3:

2:00 PM- 3:30 PM

* Basic Concept of Service Tax

* Scenario for making payment

* Categorisation of Services .

* Controversies involved with Works Contract registration under Service Tax

* Exemptions available

* The billing, documentation aspects . 

 

Session 4:

3:45 PM- 5:15 PM

* Budget Amendments 2012 – Service Tax

* Basics of Cenvat Credit

* Strategies by the Contractors .

* Certain Specific Contracts and calculations of VAT ( WC ) and Service Tax

* Land mark Judgements

* Case Studies 

*Breakfast, Lunch, Tea and Study Material shall be complementary.

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