The Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing a seminar on ‘Works Contracts, EPC Contracts & Construction Contracts – VAT & Service Tax Issues’ on 20th November, 2013 in New Delhi.
This seminar is intended to guide service providers, works contractors, EPC contractors, real estate developers & builders, manufacturers engaging contractors and entities involved in infrastructure, construction and other projects on implications of Value Added Tax (VAT) and Service Tax on works contracts, EPC contracts, turnkey projects, development agreements and construction contracts.
In the recent judgment in L&T case, the Supreme Court has held that the tripartite agreements between the landowner, the developer and the buyers are in the nature of works contracts wherein the value pertaining to transfer of property in goods shall be chargeable to Sales Tax/ VAT. This judgment has significant ramifications for the real estate / construction industry.
This seminar proposes to cover:
- Implications of the judgment of Supreme Court in L&T case
- Liability to VAT and Service Tax for works contracts, EPC contracts and construction contracts
- Valuation in various scenarios like exclusion of land value and computation of such value
- Valuation and computation of tax payable under various models of transactions and agreements
- Composition Scheme under Service Tax
- Reverse charge mechanism casting liability on both service provider and service recipient of works contract service
- Cenvat Credit on goods and services involved in works contract
For more information about this seminar, please visit www.iblglobal.com