Workshop on Works Contract Provisions under VAT & CST Acts
29 Aug 2008: CMA Tower, Auditorium, A-2E, Sector-24, NOIDA
Confederation of Indian Industry, Western UP Zonal Office is pleased to announce a Workshop on Works Contract Provisions Under VAT & CST Acts on 29th Aug 2008 at CMA Auditorium, Noida.
The works contracts are not normal sales. In the normal sale there is a transfer of property in definite or ascertained goods. The goods remain same before and after the delivery of the goods. However, in works contracts it does not happen. The goods before the delivery and after the execution of works contracts are different, many times in different form also.
A one day Workshop on Works Contract Provisions under VAT & CST Acts (including Recent Budget changes in the CST Act). The Program will cover concepts of Works Contracts, Interstate Works Contracts, VAT Credits for WC, Specific cases of WC & Service Tax like AMCs, Construction Contracts etc.
Date : Friday, 29 August 2008
Time : 1000 hrs – 1715 hrs
Venue : Auditorium, CMA Tower, A-2E, Sector-24, Noida- 201301
Objective
The objective of this one-day programme is to apprise the participants about the initial fundamentals involved in Works Contract and also give a conceptual understanding of the various Amendments and provisions of VAT and CST Acts, so that they feel more confident in preparing the papers or take up careers relating to Taxation or deal with central excise authorities etc. wherever required.
For Whom
Entrepreneurs who want to start taxation consultancy business; businessmen
Executives who want to feel more confident in dealing with customers, customs, excise, licensing authorities and service providers
Executives and managers dealing with Accounts and Taxations who want greater clarity and conceptual grasp on what they are doing or required to do.
Topics to be covered
What is Works Contract? The specific clauses in the various Agreements of Works Contracts. Interstate Works Contract.
What is Deemed Sale, Basic Concepts of Levy of Works Contract.
Divisible & Indivisible Works Contracts.
Provisions of VAT Act. & Rules for Works Contract. Certain Specific Contracts and calculations of VAT ( WC ) and Service Tax
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, Transaction between Main & Sub Contractor.
The provision of TDS; Legal provisions and documentation; Billing, documentation aspects.
The concrete Illustrations of interstate Works Contract.
The Central Sales tax provisions (including recent Budget Changes) & Works Contracts namely High Seas Sales.
Comparative study between Works Contract provisions of certain important states.
Question & Answers.
Faculty
Mr. Rakesh Garg, a Graduate from Shri Ram College of Commerce, Delhi and a Fellow of the Institute of Chartered Accountants of India, has authored a number of books in past 10 years. His first book was released in the year 1999, titled, “Law of Sales Tax on Works Contract in Delhi”. Amongst others, his well recognized books are, Guide with Ready Reackoner to Delhi Sales Tax, Delhi VAT Ready Reckoner, Haryana VAT Ready Reckoner, Concepts of Central Sales Tax, and Goods under Sales Tax Laws.
Recently he has authored two books on Service Tax, titled as-
· Service Tax, CST & VAT on Composite & Works Contracts, and
· Practical Guide to Service Tax Computation & Taxable Services-A Glance.
He has been the Advisor and Convener of Sales Tax Study Circle of N.I.R.C. of the I.C.A.I., who has also conferred upon him the Award for Exemplary Services for Authoring Books and for his contribution as Faculty in Seminars. He also presented papers on Sales Tax/VAT and Service Tax in countless meetings with Professionals, Corporates, CII and other Trade Associations; and contributed as faculty in training programs organized by the Delhi VAT Department for its Officers.
Registration
Members/Non-members are requested to take advantage of this unique programme by registering / nominating suitable persons from the organisation. Please note as limited number of seats are available, prior registration is necessary. The registration would be on first come first serve basis. Kindly send the attached registration form (duly filled) to confirm your participation latest by 26th Aug, 2008.
Looking forward to receiving your response.
Kind regards,
Yours sincerely,
R. S. Bidesi
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For further details please contact
Neeraj Bajpai
Western U.P. Zonal Office, CII
CMA Tower
A-2E, Mezzanine Floor
Sector-24, Noida
Tel-0120-4345973(D); 4345972 / 74
Fax:-0120-4345970
Mobile:- 9971108134
E-mail: [email protected]
Reach us via our Membership Helpline (Monday-Saturday: 0900-1715 hrs)
Dial: +91-11-435-46244/+91-99104-46244
Email: [email protected]
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REGISTRATION FORM
Workshop on
Works Contract Provisions under VAT & CST Acts
29 Aug 2008: CMA Tower, Auditorium, A-2E, Sector-24, NOIDA
Participation Fee :
Rs.2500/- per delegate (CII Members)
Rs.3000/- per delegate (Non-Members)
Participation Fee Includes:
Detailed Course Material
Certificate of Participation
Personalized consulting opportunities throughout the workshop
Discussion through Case Studies
Lunch & Refreshments
Name Designation
1.
2.
3.
4.
5.
We are enclosing our Demand Draft no.________________ for Rs._______________ towards the participation fee, favouring CII (Northern Region) payable at Chandigarh.
Name :
Designation :
Organization :
Address :
:
Phone :
Fax :
Email :
Date…………………
Companies nominating 3 or more delegates will be entitled to a 10% discount on the delegate fee.
SSI’s would be given discount of 15% on the delegate fee.
Participation fee is non-refundable. However, change in nomination is acceptable.
The registration is on First-Come First-Serve Basis.
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