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Works Contract VAT / CST & GST

Timings: 9:30 am - 5:30 pm , Registration begins at 9:00 am

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, with 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:
9:30 AM- 11:00 AM
* What is Works Contract?
* What is Deemed Sale?
* Definition of Works Contact under M-VAT Act. (D VAT - Delhi)
* Basic Concepts of Levy of Works Contract.
* Divisible & Indivisible Works Contracts.

11:00 AM- 11:30 AM (Tea Break )

Session 2:
11:30 AM - 1:00 PM
* Provisions of M-VAT Act. (D VAT - Delhi) & 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.
* Transaction between Main & Sub Contractor.
* Legal provisions and documentation.

1:00 PM - 2:00 PM - Lunch Break

Session 3:
2:00 PM - 3:30 PM
* Proposed GST System in India( Latest Updates)
* Scenario when CST becomes 0%
* The Interstate Works Contract .
* The Amendment to the CST Act .
* Outline of proposed C-GST & S-GST
* The billing, documentation aspects .
* The concrete Illustrations of interstate Works Contract .
* Strategies by the Contractors .
* Certain Specific Contracts and calculations of VAT ( WC ) and Service Tax .
* Implications of M/s K. Raheja's Judgment of the Supreme Court
* VAT & Service Tax
3:30 PM- 3:45 PM Tea Break

Session 4:
3:45 PM- 5:15 PM
* The Central Sales tax provisions ( including recent Budget Changes )&
* Works Contracts namely High Seas Sales ,
* Sale in Transit ( E-I sale ) .
* The specific clauses in the various Agreements of Works Contracts.
* Comparative study between Works Contract provisions of certain important states .
* Question Answers.

How to Register:
* Fees: Rs. 6,600/- +10.3 % service tax per person
* Please write to register@princetonacademy.in / Call -022 66976892
* Mention the name of participant, company, contact details .
* Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
* Fees includes lunch, tea, course material etc.

Mr. S.M. Kulkarni

Mr. S.M. Kulkarni
* Vice President - Mahindra & Mahindra Ltd. (Head of Corporate Sales Tax)
* 28 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 since the introduction of the scheme in Maharashtra, 6 years back.
* Chairman indirect taxation committee of Bombay Chamber of Commerce and Industry
* Eminent faculty on VAT, Sales Tax and Service Tax

One Day Programme

JW Marriott,
Juhu,
MUMBAI (M-VAT)

On 04-Sep-2010

Princeton Academy Mumbai II

Princeton Academy Mumbai II was set up in 1997 to fulfill the growing need felt by Indian organizations for equipping their managers and executives with latest business ideas.

It received extensive academic support and advice from Prof. Sonjaya S Gaur of S.P. Jain Institute of Management & Research ( currently with IIT, Bombay-Shailesh .J. Mehta School of Management) and industrial insights from Mr. K.L. Batra -CEO Jenson & Nicholson - Industrial, in it's establishment.

Since 1998 the academy has also received support and advice from Prof. Bala V. Balachandran , distinguished professor of accounting and information systems at the Kellogg Graduate School of Management, Northwestern University, USA.

Besides them many other eminent personalities from industry and academia have been advising Princeton Academy Mumbai II in it's activities.

Princeton Academy Mumbai II has successfully conducted over 500 workshops and seminars on themes relevant to the Indian business Scenario.

The focus of these unique programmes has always been on value creation in very well defined areas.

Princeton Academy Mumbai II
502 Shalimar Morya Park, Andheri Link Road, Andheri West, Mumbai- 400053.
Tel- 022-66976892, 67256200.
Delhi- 9312715500. Fax- 26733060
email- admin@princetona.in
Website- www.princetonacademy.in
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