One day Seminar On Indirect taxation Of Works Contract

One day Seminar On Indirect taxation Of Works Contract


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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 2011 – 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.

Corporate Governance Consulting 

  1. Corporate Profiling
    1. DNA – Vision – Mission
    2. Policies
    3. Company Presentation
    4. IPR
    5. Organisational Structure
    6. Value System 
  1. Management Review 
  1. Project Management
    1. Budgeting
    2. Materials Management
    3. Outsourcing Monitoring and Control
    4. Risk Management

                       i.      Insurance
                       ii.      Project Execution Analysis
                       iii.      Time and Quality 

  1. Business Process Management
    1. Define to deliver Process Mapping
    2. Implementation of Process framework
    3. ISO Certification
  1. Business Intelligence
    1. MIS
    2. Business Strategy

                        i.      SWOT Analysis
                        ii.      Brand Building
                        iii.      Social Media

Compliance Services

  1. Structuring of Running account bills for Service Tax & VAT.
  1. Handling Correspondance with the client on tax issues.
  1. Service Tax
    1. Handling Procedural compliances
    2. Written Opinions
    3. Assistance during service tax audits
    4. Service Tax Reco. with books
    5. Appellate Matters
  1. VAT
    1. Handling multi-state VAT compliances
    2. Written Opinions
    3. Appellate Matters
  1. Labour Laws
    1. Application of Labour license
    2. PF/ESI/Workmen Compensation
    3. Inter-State movement of workers
    4. Bonus / Gratuity / Minimum Wages
    5. Payroll Management

 Information Technology Services

  1. ERP
    1. We offer inhouse ERP package for the construction sector
    2. Cloud Server

      Training Workshops

            Commercial Aspects of Civil Construction
            Indirect Tax Aspects of Works Contracts
            Multi-State VAT Compliances
            Service Tax for Construction Sector
            IFRS and Indian GAAP requirements for the construction sector
            ISO Implementation and guidance
            Designing Internal Controls & MIS for the construction sites
            Role of HR at the construction site
            Effective Stores Management for construction sites


    About The Speaker

    CA SandeshMundra


    Sandesh is actively associated with clients in the industrial construction sector having worked with civil contractors for the past six years. 

    Has taken various lectures at the professional forums. Possesses special skills in structuring the indirect tax component of the works contracts. 

    Has travelled and visited several construction sites in various parts of the country like Orissa, Rajasthan, Gujarat, Maharasthra, Madhya Pradesh, Karnataka etc. During the course of said visits he has been to very large industrial complexes, refineries, power plants etc. 

    Actively associated with various professional bodies 

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