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Value Added Tax - VAT & CST


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Value Added Tax - VAT & CST
(Including Works Contract Provisions)
With LATEST CHANGES

On Saturday, 14th February’09 (9.30 am to 5.30 pm)
at Hotel Ramada Plaza Palm Grove, Juhu, MUMBAI
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INTRODUCTION
Comprehensive explanation on Critical Areas under VAT including Post VAT issues , Latest Amendments to Central Sales Tax Rules and Works Contracts.
Course Content

# Important Changes in CST Act & Rules.
# Composition Schemes ( Traders )
# Input Tax Credit & Negative List
# Works Contracts - Legal & Composition options
# Lease Contracts
# VAT for Exporters
# VAT & Service Tax
# Business Models under VAT for Manufacturers & Traders
# Compliance under VAT
# Specific Areas -- Sales Returned, Discounts, Free Gifts / Samples, Closing Stocks, Business purchases, VAT & Service Tax.
# Procedure for Quarterly Blank C Form Collection and Quarterly submission CST Forms
# Effective CST Forms Collection & IssuanceSystem
FACULTY
Mr. S.M. Kulkarni Vice President (Corporate Sales Tax) Mahindra & Mahindra Ltd.

# 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.

# Chairman Indirect taxation committee of Bombay Chamber of Commerce and Industry

# Expert faculty on VAT, Sales Tax and Service Tax

Programme Schedule
SESSION 1 - 9:30 AM- 11:30 AM
# History of VAT ,VAT in India
# Concept & Design of state VAT
# New Provisions & Rates of VAT
# Tax Invoice
# Composition Schemes
# Input Tax Credit / Setoff - Full , Partial and No setoff ( Negative List ) Cases
# VAT for Manufacturers & Traders
(Sourcing , distribution decisions)
# Business Models under VAT.

SESSION 2- 11:45 AM- 1:30 PM
# New CST Rate Structure from 1st April ,07
# Scenario when CST becomes 0%
# Latest Changes under the CST Act & Rules
# Exporters under VAT ( detailed discussion )
# Works Contracts (Detailed discussion)
# Lease Contracts
# Pricing / MRP Issues / Strategies
# Specific Areas - Discounts, Sales Returned, Free ales, Business purchases,
# VAT & Service Tax. (AMCs , Job Works etc.)

SESSION 3 - 2:30 PM- 4:00 PM
# Objective , Job Functions
# Internal Systems of VAT
# System in a Company for Collection and issuance of C and other CST Forms in view of the Recent Amendments to the CST Rules
# Tax Planning
# Branch VAT Operations,
# VAT / CST Clauses in the Agreements
# Demand Areas under VAT.

SESSION 4 - 4:15 PM- 5:30 PM
# VAT Audit-—Detailed discussion
# Post VAT Implementation issues.
# Final VAT Chart for a Company
FEE
Rs. 6,000 + 12% service tax + 3% education cess = Total Rs. 6742 per head. The fee is payable in advance by cheque payable to Indian Academy of Management. It covers breakfast, lunch and tea/coffee & course material The seminar is non-residential.

Indian Academy of Management
331, Kaliandas Udyog Bhavan, Century Bazar Lane, Worli, Mumbai - 400 025.
Phone No. 022- 3040 3400, 022-6588 6060 Fax: 022-3040 3401
to reach us at least seven days before the programme’s dates.
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