Works Contract Tax, VAT, CST, GST

Works Contract Tax, VAT, CST, GST

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.

Workshop Schedule :

Session 1:

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

Session 2:

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

Session 3:

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.

Question Answers.

Managers/Senior Executives from

  • Finance
  • Accounts
  • Commercial
  • Purchase
  • Contractors
  • Sub Contractors
  • Senior Executives at SME’s

works contract

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/- +14.5 % service tax per person

Please write to / 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.

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