Introduction
Since its introduction in the year 1994, Service Tax
has emerged as a major source of revenue for the
Central Government. The base of service tax is being
expanded every year by proposing tax on the new
categories of services in Finance Bill.
A significant aspect of Service Tax is that there
are notable inclusions and exclusions in most types
of services. The Government has issued a number of
clarificatory circulars regarding several inclusions
and exclusions and rules have been put in place to
deal with classification of services, export of
services, CENVAT credit of the services and so on.
Even so, there are number of grey areas and
litigations abound.
The government has so far relied on voluntary
compliance and has refrained from arm-twisting
methods to extract service tax. However, with
revenue compulsions forcing the trends of the
Government, it is more likely that the defaulters
will be dealt with more strictly by the government
in the coming days. The legal instruments to deal
with defaulters are in place. So it is very
necessary for service providers to understand the
legal provisions, clarificatory circulars and even
case laws relating to Service Tax so as to ensure
compliance.
Objective:
To appraise the participants about the provisions
proposed in the budget and their impact on the
business carried out by the various sectors so that
they are able to ensure compliance with the laws and
adopt the best practices.
For whom:
- Executives and managers of firms or
companies providing services
- Service providers and manufacturing
availing CENVAT credit
- Exporters of services
- Users of services provided in India or
abroad
- Individuals or professionals providing
services
Programme
Schedule
900 to 930
Registration
930 to 1115
CENVAT Credit Rules 2004
2010
Budget changes in Service tax
1130 to 1300
Export of Services
Services Provided from abroad to Residents
Procedural Matters
1300 – 1400 Lunch
1400 to 1530
Overview of Service Tax Law
Recent additions to taxable services
Recent changes to existing taxable services
1545 to 1715
Registration / Liability to pay Service Tax
Classification of Services
Analysis of Valuation of Taxable Services &
Valuation Rules.
Issues related to Valuation.
Registration
Fee
Please send an email to register@princetonacademy.in
with name of participant, company, contact details
and cheque no. Registration fee is Rs. 7,000 + 10.3
% 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
