Greetings from MMA!
Demystified!
One Day Seminar on “Service Tax – Issues & Implications”
Saturday, 18 August 2012 – 10.00 am to 5.30 pm
Hotel Chola Sheraton, Cathedral Road, Chennai-600 086
I am pleased to inform you that MMA is organising a one-day Seminar on “Service Tax – Issues & Implications” on Saturday, 18 August 2012 from 10.00 am to 5.30 pm at Hotel Chola Sheraton, Cathedral Road, Chennai-86.
Soft Copy of the Brochure of the Seminar is appended below for your perusal and information. (Click here to view)
Background
The Finance Act 2012 has introduced a paradigm shift in the assessment and collection of service tax. The Central Board of Excise and Customs has clarified that service tax is a destination based consumption tax and the principle of consumption of service would determine the liability of service tax.
The statute further defines service in an all inclusive manner specifying only the exempted and negative listed services. The rules have been framed for determining the place of provision of service and further certain services have to be treated differently where the scope of payment of service tax under the reverse charge method, viz. the tax shift have been proposed. In fact, several new services under reverse charge mechanism have been specified.
In this scenario, MMA has strived to bring forth the officers of the department and the service provider / receiver together to achieve a common ground in the understanding of the new law.
The Distinguished Panelists and Speakers will interact with the participants and answer the questions raised by them during the Seminar.
Objective and Contents
The objective of the one day seminar would be to orient the participants with the new version of taxation, “perhaps using the modern terminology one could call it, taxation of services, version 2.0”. The one day programme would explain the new tax laws and methodologies for proper payment of service tax liability and the assessment thereof. The correct understanding of the law by the experts from within the department and those outside would enable the service provider and receiver to have a better understanding, for they would need to, realign themselves radically to keep pace with the new law. The correct utilization of the Cenvat Credit on inputs and input services would be explained at length with particular reference to the declared services, together with an in-depth understanding of the following :
- The new areas of service tax liability and transition to exemption based and negative list
- Place of provision of service
- Declared services
- Valuation
- Rules of Interpretation
Target Audience:
- Executives and managers of firms or companies providing services
- Service providers and manufacturers availing CENVAT credit
- Exporters of services
- Recipient of services in India, where services provided by a person from outside India.
- Individuals or professionals providing services
- CFO & Finance Directors, Tax Directors and executives, Analysts, Accountants, Consultants
- Practicing CA, CS, CWA and professionals from Indian companies with a global presence.
FEE DETAILS
Participation fee : Rs.2,000/- plus 12.36% Service Tax per participant.
Special discounted fee for members of MMA– Rs.800/(Inclusive of Service Tax 12.36%) per participant.
The one-day Seminar is highly interactive and lively discussions by experts in the field of Service Tax. Rush your nomination to join the Seminar for a lively debate from our expert panel/speakers to understand the nuances of dealing with issues and implications Service Tax Version 2.0.
In view of the limited seats available please rush your nomination to avoid disappointment.
The cheque/DD to be drawn in favour of ”Madras Management Association”payable at Chennai. Please send the registration through email to mma@vsnl.com: Programs@mmachennai.org
With warm regards,
Gp Capt R Vijayakumar, VSM
Executive Director
Madras Management Association
Ph: 2496 2766 Fax:: 2496 2777
email: mma@vsnl.com
website: www.mmachennai.org
