Works Contract Act, VAT , CST & GST

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.

Target Audience – A must workshop for

Managers/Senior Executives from

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

Faculty:

Fees & Batch Details
1Day (8 hrs): 9:30 AM to 5:30 PM
(Please Bring your Charged Laptop).
Interested in
This Training & want to enroll ?
Enrollment Process-
1- Download Admission form [Click to DOWNLOAD Admission FORM]
2- Print the downloaded application form and fill it up
3- Email us the scanned copy of the duly filled form.
4- Fee: 7,500 ( Seven Thousand Five Hundred Only-One time Payment )
Payment Details
Payments can be made by Cheque/Draft/Bank Transfer/Deposits in
HDFC Bank Account Name : ASIA WEB MEDIA
HDFC Bank- Account No: 03192000002180
IFSC Code — HDFC0000319
South Extention II, New Delhi -110049 Branch
Send Email/Scanned Copy of DD/Cheque/ Bank Transaction Slip to [email protected]
For Further details please feel free to call us.
Tel: 011-41622939 / 09582242974