One day Workshop on Works Contract Provisions under VAT & CST Acts (including Recent Budget changes in the CST Act). 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 Co ntracts, VAT Credits for WC, Specific cases of WC & Service Tax  like AMCs, Construction Contracts etc. A must program for All Contractors, with the known expert in the field.

 SESSION 1   
9:15 AM- 9:30 AM   Registration

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 

• The Interstate Works Contract .
• The Amendment to the CST Act  .
• 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.

Registration Fee

Please send an email to admin@princetona.in with name of participant, company, contact details  and cheque no. Registration fee is Rs. 6,300 + 12.36 % Service Tax (Service Tax No- AAECP5617MST001) per participant which includes lunch, tea, course material etc. Cheque should be drawn in favour of “Princeton Academy Mumbai II Pvt. Ltd.” payable at Mumbai.