1
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
April
2010
2
CPE PROGRAMS - April / May 2010
Date/Day
Topic /Speaker
Venue/Time
CPE Credit
07.04.10
Wednesday
Basics of Business Valuation
CA. Gurudutt
Branch Premises
06.00 PM to 08.00 PM
2 Hrs
14.04.10
Wednesday
Foreign Direct Investment Regulatory Frame
Work - Draft Press Note 2010
CA. D. S. Vivek
Branch Premises
06.00 PM to 08.00 PM
2 Hrs
17.04.10
Saturday
Workshop on Legal & Financial Safeguards for
Challenging Times
Delegate Fee: Rs. 250/- Details page no. 18
Branch Premises
09.00AM to 01.00 PM
4 Hrs
21.04.10
Wednesday
Tax implications for Employees on
Foreign Deputation (Inbound and Outbound)
CA. Natarajan S
Branch Premises
06.00 PM to 08.00 PM
2 Hrs
24.04.10
Saturday
Workshop on KVAT & CST
Delegate Fee: Rs. 250/- Details page no. 18
Branch Premises
09.30 AM to 01.30 PM
4 Hrs
28.04.10
Wednesday
FEMA Latest Circulars
CA. B.D. Chandrasekar
Branch Premises
06.00 PM to 08.00 PM
2 Hrs
01.05.10
Saturday
Workshop on Service Tax
Delegate Fee: Rs. 500/- Details page no. 18
Branch Premises
09.00 AM to 05.30 PM
6 Hrs
Note : High Tea at 5.30 pm for programmes at 6.00 pm at branch premises.
Important Dates to remember during the month of April 2010
7-Apr-10
10-Apr-10
15-Apr-10
20-Apr-10
21-Apr-10
25-Apr-10
30-Apr-10
- Payment of Tax deducted &Tax collected for the month of March 2010.
(However, TDS made on credit entries passed on last day of the financial year based on accrual system of
accounting, the due date for remittance is 31st May, 2010.
- Deliver to the Commissioner, one copy of declaration received in Form 15 G & Form 15H in the month of
March 2010
- Filing of monthly returns of Central Excise for the month of March 2010.
- Filing of VAT 120 under KVAT Laws for the month of March 2010.
- Payment of Provident Fund for the month of March 2010.
- Filing of VAT 100 under KVAT Laws for the month of March 2010.
- Filing of Professional Tax returns for the month of March, 2010.
- Payment of Employee State Insurance for the month of March 2010.
- Filing of Service Tax Return for the Half year ending 31.03.2010.
- Filing of Monthly returns of Provident Fund for the month of March 2010.
- Filing of Quarterly Statement in Form 27EQ for tax collected at source for the quarter ended 31st March, 2010.
- Payment of Professional Tax for the year 2010-11.
- Filing of Provident Fund Annual return for the year 2008-09.
Advertisement Tariff for the Branch Newsletter
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Editor
: CA. Shambhu Sharma H.
Sub Editor : CA. Prasad S.R.
DISCLAIMER : The Bangalore Branch of ICAI is not in anyway responsible for the result of any action taken on the basis of the advertisement
published in the newsletter. The members, however, bear in mind the provision of the code of ethics while responding to the advertisements. The views
and opinions expressed or implied in the Branch Newsletter are those of the authors and do not necessarily reflect those of
Bangalore Branch of ICAI.
3
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
Managing Committee Members of
Bangalore Branch 2010-13
Name
Address
st
Residence
Mobile
CA. Shambhu Sharma H.
Chairman
E-mail: casharmaca@gmail.com
No. 61, 1 Floor, BTS Main Road,
Near 11th Cross, Wilson Garden,
Bangalore – 560027
22227201
22273819
25716851
98450–77362
CA. Venkatesh Babu T. R.
Vice Chairman
E-mail: vbaca@sify.com
# 40/1, 2nd Floor 5th Cross
3rd Main Wilson Garden,
Bangalore-560027
22103247
41329264
22103247
23444564
98450–31028
CA. Babu K.
Secretary
E-mail: kbabu74@yahoo.com
No. 16, 2nd Floor, Apple villa,
Service Tax Office Complex,
Lalbagh Road, Bangalore – 560027
22483869
—
93425–00855
97313-00855
CA. Ravindranath S. N.
Treasurer
E-mail: fcasnravi@yahoo.com
Partner Narayana Setty RVM & Co.,
Chartered Accountants, #227 IST FLR,
4TH Main Road (opp to SBM)
ChamarajpetBangalore - 560080
26611090
22420924
26670924
26676112
96325-03279
CA. Nithin M.
Chairman, SICASA
nithin@nnr.co.in;
No.163, Second Floor Rajeshwari
Complex Above Karnataka Bank LTD.
R V RoadBangalore 560004
41204315
—
94484-023569
9456-82356
CA. Govinda Bhat N.
Member
gbhatn@gmail.com
CFO and Company Secretary
Mistral Solutions Pvt LTD
60 Addarsh Regent, 100 Feet Ring Road
Domlur EXTNBangalore 560071
30912600
—
97312-67777
CA. Shivakumar H.
Member
shivakumar.h@icai.org
No. 11 Resham MahaL Complex
Cubbonpet Main Road
Bangalore 560022
22218628
—
98440-38807
CA. Prasad S. R.
Member
prasad.spc@gmail.com
No.2A I Floor Nanjappa Road
Shanthi nagar
Bangalore 560027
41248838
—
98455-42486
22240020
22210309
26597142
93412–19091
CA. Raghu K.
M – 12, Unity Building, J C Road,
Ex-OfficioCentral Council
Bangalore – 560002
E-maill: kraghu9999@gmail.com
April
2010
Office
CA. Madhukar N. Hiregange
Ex-OfficioCentral Council
madhukar@hiregange.com
No 1010 I Floor (Above Corporation Bank) 26536404
26th Main 4th “T” Block Jayanagar
26536405
Bangalore 560041
CA. Srinivas C. S.
Ex-OfficioRegional Council
E-mail: ssb@yukthi.co.in
No. 27 Between 2nd & 3rd Cross,
Pampamahakavi Road Shankarapuram
Bangalore 560004
43464700
43464749
22427349
98450–63387
CA. Suresh P. R.
Ex-OfficioRegional Council
suresh@chandranandraman.com
No. 137, 5th Main, 2nd Block, 3rd Stage,
Basaveshwaranagar,
Bangalore – 79
23225000
23228795
22929350
—
98450–58988
CA. Viswanath K.
Ex-OfficioRegional Council
E-mail: kprao@vsnl.com
‘POORNIMA’,
25, State Bank Road
Bangalore – 560001
25587385
25586814
25594661
25595551
25595295
99455–25595
4
98453-44353
TAX UPDATES FEBRUARY 2010
Chythanya K.K., B.Com, FCA, LL.B, Advocate
VAT, CST, ENTRY TAX,
PROFESSIONAL TAX
furnished to the satisfaction of the
Tribunal.
PARTS DIGESTED:
a) 2009-10 (14) KCTJ –
Vol-14 No.11
b) 2010 (68) KLJ Part 2
c) 28 VST – Part 1 & 2
[2010] 28 VST 64 (Ker) HC
I.F.B. Industries Ltd. v. State of Kerala
The Hon’ble High Court of Kerala in
the instant case observed that for the
purpose of Kerala General Sales Tax
Rules, 1963, r. 9 (a) (discount
allowable in the computation of
taxable turnover) the condition
precedent was that the price charged
on the goods should be less discount
(therefore in the nature of a trade
discount – given in the bills). It held
that incentives given by way of credit
notes at end of year were not deductible
under the aforesaid Rule.The aforesaid
decision misses the point that discount
need not be given on transaction to
transaction basis but could be given
as a volume discount at the end of a
definite period.
Reference/Description
2010 (68) Kar. L.J. 113 (HC) (DB)
Shekar Bhojanna v. State of
Karnataka In the instant case the
assessee was a distributor of motor
cycles, despatching motor cycles from
his depot on lorries for delivery on sale
to dealers spread out in the State at their
door-steps. The assessee was collecting
transportation charge on account of the
said delivery from the dealers by
showing it separately in the sale bill.
The assessee however, was not paying
tax on the freight amount on the
contention that the freight was a postsale expense and so did not form part
of price of the motor cycles, whose sale
was ex-depot. The Hon’ble High Court
of Karnataka held that, where the
assessee had failed to refute the
concurrent finding arrived at by both
the tax authorities as well as the
Tribunal that the freight paid was presale expense forming part of sale price,
that the freight paid by him was on
behalf of dealers in terms of a separate
agreement with them and that the sale
concluded at his depot and that the
transport was arranged at the risk and
cost of the dealers, the assessee was
liable to pay tax inclusive of the freight
amount, including the same as a part
of his taxable turnover.Therefore, it is
important for the assessee to prove on
fact that the freight is a post sale
expense and such proof should be
[2010] 28 VST 82 (Ker) HC
K. Sadikali v. Commercial Tax
Officer (VAT), V Circle, Kozhikode
and others In the instant case the
petitioner was a dealer in timber and
had purchased timber logs from the
Forest Department of the State
Government. In the matter of
claiming refund of input tax credit, the
Hon’ble High Court of Kerala
observed that the dealer having
produced bills from Forest
Department showing payment of
input tax along with the copies of
separate demand drafts through which
the tax amount had been remitted the
onus of burden of proof vested on the
dealer was discharged. The Court held
that the dealer could not be asked to
produce further evidence in form of
tax remittance certificate from the
Department. The Assessing Officer
was required to conduct “such enquiry
as it considered necessary” and that
it was the duty of the officer to cross
verify. Welcome relief! To check the
department’s ever growing inclination
to conveniently shun its responsibility
by passing the buck (even otherwise a
lot of duties of the taxmen have been
conveniently passed on to the
taxpayers much to their chargin!)
INCOME TAX
PARTS DIGESTED:
a) 320 ITR – Part 5 to 7
b) 321 ITR – Part 1
c) 186 Taxman – Part 1 to 3
d) 187 Taxman – Part 1 to 3
e) 1 ITR(Trib) – Part 4 to 8
f) 126 TTJ – Part 7
g) 29 CAPJ - February (2nd),
2010
h) 41-B BCAJ – Part 5
i) 58 TCA – Part 8
Reference/Description
[2010] 320 ITR 526 (Bom)
East India Hotels Ltd. & another v.
CBDT & another In the instant case
the Hon’ble High Court of Bombay
observed that the services rendered by
a hotel to its customers are not
covered under section 194C of the
Income-tax Act (IT Act, TDS on
contractors). The Court further went
on to hold that Circular no. 681 dated
March 8, 1994 issued by the CBDT
was illegal and liable to be quashed
in as much as it applied to payments
made by customers to the hotel for
availing certain facilities or amenities.
By insertion of Explanation III to
section 194C the scope of expansion
to the term work was limited only such
services where the work culminated in
a product.Therefore, no tax is required
to be deducted at source in respect of
5
April
2010
TAX UPDATES JANUARY 2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
payment to be made to a hotel except
in case of rent paid for booking the
room on a regular basis.
[2010] 320 ITR 542 (Delhi) HC
CIT v. Smt. Rani Shankar Mishra
The Hon’ble Delhi High Court in the
instant case held that the amount
received by way of compensation for
denial of job on the basis of gender
discrimination was not in the nature
of ‘profit in lieu of salary under section
17(3(iii) of the IT Act, but in fact was
a capital receipt. The Court observed
that the amount referred to in the
aforesaid section was in connection
with the employment with the person
from whom it was received. Subclause (A) of the said section referred
to a period prior to an assessee joining
employment, whereas sub-clause (B)
referred to a period after the cessation
of an assessee’s employment. When in
the instant case there in fact did not
exist any employer-employee
relationship as aforesaid, the period
after and prior have no meaning.
[2010] 320 ITR 561 (SC) CIT v. (1)
Kelvinator
of
India
Ltd.
(2) Eicher Ltd. The Hon’ble Supreme
Court in the context of section 147 of
the IT Act (post its amendment in
1989) and the insertion of the term
‘reason to believe’ in the said section,
observed that post 1st April 1989 the
power to reopen was much wider.
However one needs to give a
schematic interpretation to the words
“reason to believe”, failing which,
section 147 would only give arbitrary
powers to the AO to reopen
assessments on the basis of a “mere
change of opinion”, which however
could not per se be the reason for
reopening. Further it was observed
that there existed a conceptual
difference between power to review
and power to reassess. The AO has
April
2010
6
no power to review but has power to
reassess. However the reassessment
had to be based on fulfilment of
certain pre-conditions and if the
concept of ‘change of opinion’ were
removed, then in the garb of
reopening the assessment, review
would take place. The concept of
‘change of opinion’ was an in-built
test to check abuse of power by the
AO. After the aforesaid amendment
the AO could reopen provided there
was ‘tangible material’ to come to the
conclusion that there was escapement
of income from assessment. Reasons
must have a live link with the
formation of the belief.The aforesaid
decision is a welcome decision which
has read “no change of opinion” in
“reason to belief” so as to protect the
interest of the assessee from the
review action of the assessing officer.
[2010] 321 ITR 49 (Karn)C I T
(International Taxation) & another
v. Illinois Institute of Technology
(India) P. Ltd. The Hon’ble High
Court of Karnataka held that there
was no liability to deduct tax at source
u/s. 195 of the IT Act in a case where
the payee was not earning any profit
or income in India by conducting any
trade or business. In the instant case
the assessee had entered into an
agreement with a foreign company in
order to impart distance education in
certain faculties. The assessee
remitted the entire fees collected to
the foreign company and the foreign
company was not earning any profit
out of such receipts.The above
decision has as soothing effect after
the controversial Samsung case.
[2010] 321 ITR 132 (Ker) N. J. Jose
& Co. (P.) Ltd. v. Assistant CIT &
another In the matter of computing the
book profits u/s. 115J of the IT Act,
the Hon’ble High Court of Kerala
observed that, as long as long-term
capital gains are a part of the profit
included in the profit and loss account
prepared in accordance with Parts II
and II of Schedule VI to the Companies
Act, the said gains could not be
excluded unless provided under the
Explanation to section 115J(1A). In the
absence of any provision for exclusion
of capital gains in the computation of
book profit under the aforesaid section,
the assessee was not entitled to the said
exclusion and that section 54E had no
applicability in the computation of the
book profit u/s. 115J.
[2010] 321 ITR 147 (Delhi)
CIT v. Woodward Governor India
Ltd. The Hon’ble High Court of Delhi
held that the provision for warranty
expenses arrived at on the basis of
working of average rate of warranty
expenses is rational and scientific and
therefore allowable to the sales made
during the year. However it was held
that the assessee is not entitled to
claim warranty expenses on provision
basis in respect of prior period sales
wherein warranty expenses had
already been allowed on actual basis.
[2010] 321 ITR 165 (Raj) CIT v.
Lake Palace Hotels & Motels Ltd. In
the instant case the assessee leased out
a property for a period of 72 years
under a lease deed stipulating annual
rent and also stipulating a sum of Rs.
2.5 crores as deposit. The said deposit
as per the deed was to fetch interest
@ 9% p.a. The AO contended that the
market rate of interest was between
18-24% and therefore computed that
difference between 9 and 18% to be
the capital gains. The Hon’ble High
Court of Rajasthan held that unlike
the Wealth-tax Act there was no
provision u/s. 45 and 48 of the IT Act
to bring deemed profits or gain to be
taxable as a capital gain.
[2010] 186 Taxman 187 (AAR-New
Delhi) Dana Corporation, In re
The AAR in the instant case held that
if by the application of the provisions
of section 45 r.w.s. 48 of the IT Act,
there does not arise any income, then
section 92 (computation of income
having regard to the arm’s length
price) does not come to the aid of
revenue, even though the transaction
is an international transaction.
[2010] 186 Taxman 208 (Delhi) HC
CIT, Delhi-VI v. Teehdrive (India) (P.)
Ltd. In the instant case the assessee
registered with STPI was an exporter
of computer software. For the
assessment year under consideration
the assessee filed its return claiming
deduction u/s. 10B of the IT Act, which
was rejected by the AO on the ground
that the assessee was not having its
own infrastructure and was using old
plant/machinery of another concern to
develop its software. The claim of the
assessee was upheld by the CIT(A) on
the ground that as per the conditions
u/s. 10B it was not mandatory for the
assessee to use its own infrastructure
and so long as the software was
developed by the assessee’s own
personnel/employees the said software
belonged to the assessee and the
condition u/s. 10B were satisfied. The
Hon’ble High Court of Delhi further
held that in the instant case it was not
a case of manufacture of any article
but development and creation of
intellectual property, namely, software
programme. The essential and main
inputs for such developments were that
of the personnel belonging to the
assessee, their intellect and creation of
the aforesaid property. Therefore, use
of computers would not be of much
significance.
[2010] 186 Taxman 233 (Kar.) HC
CIT, Bangalore v. Brindavan
Beverages Ltd. The Hon’ble High
Court of Karnataka held that the
provisions of section 234B and section
234C of the IT Act are attracted even in
a situation where the deemed income
and liability to tax thereon is calculated
in terms of the provision u/s. 115JA.In
the above case, it was held that the profit
directly taken to capital reserve in the
case of profit on slump sale could be
added by the Assessing officer while
computing book profit.The aforesaid
decision in so far as it relates to
computation of book profit requires a
review as the same runs contrary to the
decision of the Supreme Court in Apollo
Tyres 255 ITR 273 SC.
[2010] 187 Taxman (SLP) 15 (SC)
CIT, Delhi v. Delhi Public School The
Supreme Court has dismissed the
special leave petition filed by the
Department against the judgment in the
case of CIT (TDS) v. Delhi Public
School [2009] 318 ITR 234 (Delhi) HC
wherein the Delhi High Court with
reference to valuation of perquisites
under Rule 3(5) of the Income Tax
Rules, had held that, the valuation of
free educational facilities to children of
staff is to be made with reference to cost
of such education in similar institutions
in or near the same locality and not with
reference to the cost of education for
other students in the same school.
[2010] 187 Taxman (BN-i) Part 2
(P&H) HC CIT v. Satinder Pal Singh
The Hon’ble High Court of Punjab &
Haryana in the context of determining
the exclusion of agricultural land from
the definition of capital asset as under
section 2(14)(iii) of the IT Act held
that, the distance of 2Kms. from the
municipal limits of city of Khanna
had to be taken in terms of approach
by road and not as per straight line
distance on a horizontal plane. The
Court contended that if the principle
of measurement of distance was
considered straight line distance on a
horizontal plane or as per crow’s flight
then it would have no relationship
with the statutory requirement of
keeping in view the extent of
urbanization!
[2010] 187 Taxman (BN-v) Part 2
(Kar.) HC Asstt. CIT v. Dr. K. Satish
Shetty The Hon’ble High Court of
Karnataka in the context of section
44AB (and to ascertain monetary
limit for the purpose of mandatory tax
audit) held that nowhere in the
aforesaid section is there a stipulation
that in case an assessee is carrying on
many businesses then to calculate the
turnover limit, the turnover of all the
businesses need to be clubbed.
[2010] 187 Taxman 136 (Ker.) HC
Girnar Industries v. CIT, Central
Cochin The Hon’ble High Court of
Kerala in the context of exemption u/
s. 10A of the IT Act and the
interpretation of the meaning of the
term manufacture for the purpose
observed that, since the purpose of
exemption under section 10A – FTZ
(read with section 10AA) was to give
effect to the EXIM Policy of the
Government (assessment year 200405), the definition of ‘manufacture’ as
contained in the aforesaid Policy was
applicable for the purpose of section
10A. Since ‘manufacture’ as defined
under the Policy had a wide and
liberal meaning covering tea blending
as well, the blending and packing of
tea qualified for exemption u/s. 10A.
The Court further held that the
amendment to section 10AA,
whereby definition of ‘manufacture’
as per section 2(r) of the Special
Economic Zones Act, 2005 was
inserted with effect from 10-2-2006
was only clarificatory and the same
applied to section 10A as well.
7
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
[2010] 1 ITR (Trib) 807(Delhi)
Growth Avenue Securities P. Ltd. v.
Deputy CIT In the matter of
computing the book profits as per
section 115JB of the IT Act, the Delhi
Tribunal observed that, only the items
specifically referred to in the aforesaid
section could be deducted from the
profit and loss account as prepared in
accordance with Parts II and II of
Schedule VI to the Companies Act.
The exemption under section 54EC
in respect of capital gains is an
includible item while calculating the
profits as aforesaid and therefore there
is no possibility of deducting on
account of any other item by the
Assessing Officer other than those
which has been explicitly provided for
in the section. Similar to the
judgement of the Kerala High Court
in the case of Jose & Co. (supra).
the methods were for the purpose of
determining the income from transfer
of long-term capital asset.
(2009) 126 TTJ (Mumbai) 892
Keshav S. Phansalkar v. ITO The
Mumbai Tribunal in the instant case
held that the capital loss worked out
by the assessee with indexation could
be set off against long-term capital
gains computed without indexation.
It observed that the option of the
assessee to work out the gain arising
on transfer of long-term capital asset
with or without indexation was
distinct from allowing the set off of
loss arising under one particular
method of computation against gain
arising on account of following
another method of computation. Both
(2010) 41-B BCAJ 27: (2009) 34
SOT 152 (Delhi) Addl.CIT
v.
Narendra Mohan Uniyal The Delhi
Tribunal in the context of section 54F
of the IT Act (exemption from capital
gains tax in case of investment in
residential house) observed that there
was no rider u/s. 54F that no deduction
would be allowed in respect of
investment of capital gains made on
acquisition of land appurtenant to the
building or on the investment on land
on which a building is being
constructed thereon, it is not necessary
that such construction should be on the
entire plot of land.
Announcement
CPE course on
COMPUTER ACCOUNTING AND AUDITING
TECHNIQUES (CAAT)
Bangalore branch is conducting the CAAT course in the month of April/May 2010 as per the directions of The
Committee on Information Technology, ICAI New Delhi. Interested members may send their name,
membership number and contact details with telephone number and
e-mail ID to registrations@bangalore-icai.org.
The details of the event and the course fees will be communicated seperately to registered members
Course co-ordinator : CA H SHIVAKUMAR
e-mail : shivakumar.h@icai.org
CA. Prasanna Kumar D
has been elected as Professional
Director for Sree Thyagaraja
Co-Operative Bank Ltd
April
2010
8
Announcement
CONGRATULATIONS
Members are requested to kindly send their views and
suggestion on Exposure drafts – Accounting Standards
10 & Accounting Standards 16 by April 15, 2010 to
bangalore@icai.org.
Drafts can be viewed at
AS-10:
http://www.icai.org/resource_file/
18399as10_ias16.pdf and
AS-16:
http://www.icai.org/resource_file/
18400as11_ias21.pdf
RECENT JUDICIAL
PRONOUNCEMENTS
IN INDIRECT TAXES
transport. Prima facie realisation
of demand to be stayed. Section
35F of the Central Excise Act,
1944 is as applicable to Service
tax vide Section 83 of the Finance
Act, 1994.
N.R. Badrinath, Grad C.W.A., F.C.A.,
Madhur Harlalka, B. Com., F.C.A.
[Korea Plant Service &
Engineering Co. Ltd. vs. Commr.
of C. Ex., Jaipur 2010 (17) S.T.R.
466 (Tri. – Del.)]
SERVICE TAX
Development Corporation by the
appellant. Prima facie service
provided primarily for industrial
purpose and covered under
relevant service. Tribunal
decisions held that Service tax not
liable on laying of pipes
distinguishable as they relate to
water supply projects in the nature
of civic amenity provided in
public interest. Pre-deposit of Rs.
50 lakhs directed. Pre-deposit of
penalty and balance Service tax
waived. Section 65(25b) of the
Finance Act, 1994 read with
Section 35F of the Central Excise
Act, 1944 is as applicable to
Service tax vide Section 83 of
Finance Act, 1994.
Filing of refund claim
z
The dispute in the present case
relates to refund of service tax
under Notification No. 41/2007S.T. on input services used in
export of goods. The refund claim
was filed with the 60 days time
limit
with
the
Deputy
Commissioner of Service tax
instead of appropriate authority
under the Central Excise. The
impugned order extending benefit
on the ground that re-filing of
claim beyond time limit not
relevant. It was held that the claim
filed before the wrong authority
within limitation cannot be held
as filed beyond limitation when
both authorities are working under
the same Department. The
Revenue’s appeal is accordingly
rejected.
[Ms. Archana Wadhwa, Member
(J) C.C.E., Ahmedabad vs.
Gujarat Tea Processors and
Packers Ltd. 2010 (17) S.T.R. 489
(Tri. – Ahmd.)]
Stay / Dispensation of pre-deposit
z
The appellant was engaged in the
activity of lowering, laying,
jointing and testing GRP pipes
(which were manufactured by
them) at the customer’s site during
the material period. Demand was
raised on service provided by
appellant to Gujarat Industrial
[Graphite India Ltd. vs.
Commissioner of C. Ex., Nasik
2010 (17) S.T.R. 459 (Tri. –
Mumbai)]
z
Service tax paid on GTA service
and coal handling charges paid.
The appellants provide operation,
repair and maintenance contract
for power project of a company
for power generation for its
captive consumption. The term
‘maintenance’ is not to be read in
isolation of purport of contract,
appellant operating plant also.
Power cannot be generated
without coal and reaching of coal
to the plant is essential. Coal
handling and delivery connected
with power generation as also
Valuation
z
The case pertains to abatement
under Notification No. 1/2006S.T. Cenvat credit availed
simultaneously with exemption /
abatement during the month when
condition on non-availment of
credit introduced. The credit is
reversed with interest. The
impugned order in favour of the
assessee relying on precedents
that reversal of credit amounts to
non-availment, sustainable.
Sections 67 and 93 of the Finance
Act, 1994 as applicable.
[Ms. Archana Wadhwa, Member
(J) C.C.E., Vadodara vs. Ram
Krishna Travels Pvt. Ltd.2010
(17) S.T.R. 487 (Tri. – Ahmd.)]
Penalty
z
The appellant, in this case, failed
to pay the service tax on due date
and did not file Service tax – 3
return on time. The service tax was
collected but the appellant was not
aware of the head under which the
tax had to be deposited. Service
tax was paid after confirmation
from the Department and interest
also paid when pointed out.
Service tax not deposited by the
assessee due to bona fide belief.
The impugned order upholding
penalty under Section 76 of the
9
April
2010
TAX UPDATES - INDIRECT TAXES
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
Finance Act, 1994 set aside.
[Deccan Mechanical & Chemical
Indus. Pvt. Ltd. vs. Commissioner
of C. Ex., Pune 2010 (17) S.T.R.
484 (Tri. – Mumbai)]
Further, the petitioner is not
entitled to Service tax from
respondent based on oral evidence
as such evidence, prima facie, is
not acceptable under Section 91
of the Indian Evidence Act, 1872.
Invocation of discretionary
jurisdiction by the High Court is
to be based on the facts and
circumstances of the case. The
High Court is empowered to
entertain writ petition if it is
shown that there is something
which goes to the root of
jurisdiction or a case of palpable
injustice.
Clarification
z
The case pertains to the
appealability of letter from
Department. The impugned order
rejects the appeal as not
maintainable against letter. Letter
from Deputy Commissioner was
in response to appellant’s letter
clarifying service tax liability. The
letter is not in the form of order or
appealable order. If the appellants
were aggrieved, they could have
approached
the
Deputy
Commissioner for issuance of an
appealable order. Accordingly, the
appeal filed by the appellant is
rejected.
[JMC Project India Ltd. vs.
Commissioner of Service Tax,
Ahmedabad 2010 (17) S.T.R. 486
(Tri. – Ahmd.)]
Writ Jurisdiction
z
April
2010
The liability of payment of
Service tax was not stipulated in
the agreement between parties.
Letter or demand from respondent
admitting Service tax liability not
produced. The letter relied upon
by the petitioner seeking
confirmation of reimbursement of
Service tax not accepted by the
respondent. Petitioner not entitled
for amount claimed towards
Service tax, thereby, interest does
not arise. The impugned case
involves substantial questions of
fact. Writ Jurisdiction not
invocable. The petitioner is
entitled to civil remedies, if
available, under Article 226 of the
Constitution of India.
10
Sections 111 and 112 of the
Customs Act, 1962 is as
applicable and the appeal was
disposed off.
[Ishwarlal Soni vs. Commissioner
of Customs, Jamnagar 2010 (250)
E.L.T. 429 (Tri. – Ahmd.)]
CENTRAL EXCISE
Limitation
z
[Brahmaputra Infrastructure Ltd.
vs. Delhi Development Authority
2010 (17) S.T.R. 452 (Del.)]
CUSTOMS
Confiscation
z
Gold detained by Police as
smuggled and was handed over to
the Customs. Statements recorded
over a period of three months and
subsequent retraction while
replying to show cause notice and
not sent through post, only an
afterthought. The affidavits of
persons concerned contradictory
and rejection thereof sustainable.
The impugned gold of 16 to 18
carat purity while gold ornaments
in India of more than 20 carats.
There were discrepancies on the
purity of gold in the purchase bills
produced and gold seized.
Evidences were rightly rejected in
the impugned order. The source
for gold not produced. Cited
decisions considered in impugned
order as per remand directions. It
was held that the confiscation was
sustainable. Heavy penalty not
imposable as gold absolutely
confiscated and penalty reduced.
The appellants are an Export
Oriented Unit (EOU), engaged in
the manufacture and export of P
or P medicaments. They procured
various goods for use in the EOU
through import and from the local
market. Goods were procured
duty free on the undertaking of
their use in terms of the respective
notifications, that is, notification
no. 53/97-Cus., dated 3-6-97 for
imported goods and notification
no. 1/95-C.E., dated 4-1-95 for
indigenous goods. It was held that
inadmissible
exemption
recoverable in terms of bond,
without being restricted by
limitation prescribed in Customs
Act, 1962 and Central Excise Act,
1944. Section 28 of the Customs
Act read with Section 11A of the
Central Excise Act, 1944 is as
applicable.
[Dr. Reddy’s Laboratories Ltd. vs.
Commr. of C. Ex., Hyderabad
2010 (250) E.L.T. 369 (Tri. –
Bang.)]
Manufacture
z
Does breaking of stone constitute
‘manufacture’?
Limestone
purchased in lumps and broken
into small pieces. The process
does not amounts to manufacture
as per the Tribunal’s decision in
1991 (54) E.L.T. 414 (Tribunal)
upheld by Supreme Court
decision [1997 (96) E.L.T. A160
(S.C.)]. The demand was set aside
and the appeal allowed. Section
2(f) and 11A of the Central Excise
Act, 1944 is as applicable.
import and exempt. Section 2(ab),
5(2) of the Central Sales tax Act,
1956 read with Section 2(11),
(13), 47, 68 of the Customs Act,
1962.
[Alagappa Cements (P) Ltd. vs.
Commissioner of Central Excise,
Trichy 2010 (250) E.L.T. 427 (Tri.
– Chennai)]
[State of Tamil Nadu vs. Rajan
Universal Export (MFRS) Pvt.
Ltd. 2010 (28) VST 279 (Mad)]
Sales Tax
z
Sale was in the course of import.
Goods were warehoused and not
cleared on payment of Customs
Duty. Transfer of documents of
title in favour of buyer prior to
clearance of goods. Warehouse
included in the definition of
‘customs station’. Sale was
considered as sale in the course of
z
The case pertains to inter-state sale
or consignment sale. The Dealer
produced form F declaration,
stock register, pattials, copies of
agreement with agents and
delivery notes. The form F was
rejected without cogent reason
and on the presumption of direct
sales to ultimate buyer in other
State not justified.
[Lakshmi Trading Co. vs. Joint
Commissioner (Commercial
The Dealer in this case, produced
records to show that goods were
sent to agents in other States and
commission paid. The Declaration
in form F was not doubted. Agents
paying local tax in other State.
Goods neither manufactured to
specifications of, nor meant for,
particular customer and that same
amount mentioned in sale invoice
paid to dealer by agents or that
there was no specific clause in
agreement that unsold goods
liable to be sent back to dealer. No
grounds to hold the transactions
as inter-state sales. The petition
was dismissed.
[State of Tamil Nadu vs. Kumaran
Mills Limited and Another 2010
(28) VST 262 (Mad)]
REQUIRED CHARTERED
ACCOUNTANTS /INTER CA
We require CAs / PE II candidates who
have completed their Articleship and
having 2 to 3 years of work experience.
Interested candidates may send their
detailed resumes /profiles to :
bkr@ramadhyani.com
jayanti@ramadhyani.com
B.K.Ramadhyani & Co.,
4B, Chitrapur Bhavan, 8th Main,
15th Cross, Malleswaram,
Bangalore -560 055
Telephone No.080-2346 4700
(6 lines)Fax No.080-2334 8964
Advt.
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z
Advt.
VALUE ADDED TAX
Inter-State Sale
Taxes), Chepauk, Chennai 2010
(28) VST 259 (Mad)]
11
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
BUDGET PROPOSALS IN
SERVICE TAX – PART I
CA Rajesh Kumar T R, B Com, LL.B, FCA, DISA, CA Chandra
Shekar B D, B Com. LL.B, FCA, DISA
Budget day is the day everybody
viz., a business man, layman, salaried
class or anyone for that matter is
waiting to know what sort of changes
are going to take place, which are
going to affect them. It is said that this
Budget belongs to ‘Aam Aadmi’. It
belongs to the farmer, the
agriculturist, the entrepreneur and the
investor. Even we, Chartered
Accountants, are also interested in the
budget proposals, so that we can
advise our clients about the changes
in the budget and how the financial
planning is to be done, be it direct or
indirect taxes.
centre or institute by whatever
name called where training or
coaching is imparted for
consideration, whether are not
they are registered as trust, society
etc., and carrying on its activity
with or without profit motive.
In this issue we shall discuss the
service tax proposals and changes
without discussing the new category
of services & changes in refund
provisions, which would be discussed
in the next issue.
2. Residential Complex and
Industrial
Construction
Services
1. Commercial coaching and
training –
An Explanation is being added to
overcome a spate of litigation on
date where the assessee/s had
taken the contention that only
institutes which are run on a profit
motive are only taxable, which
was also upheld by number of
decisions of Tribunal [Great Lakes
Institute of Management Ltd. v.
Commissioner — 2008 (10)
S.T.R. 202 (Tri); ICFAI vs C.C.
& C.E., 2009 (14) STR 220 (Tri)].
This explanation clarifies the term
‘commercial training or coaching
centre’ would also include any
April
2010
12
Therefore this will have lot of
implication on various institutions
other than those who are
providing pre-school coaching or
who are issuing any certificate or
diploma or degree or any
educational
qualification
recognised by law for the time
being in force.
This is one of the area the
department has created an utter
chaos both for themselves as well
as the assessees. Contradicting
Circulars and notifications were
issued in this regard time and
again putting assesses into
jeopardy. This is a draconian
provision for the builders; they are
harassed by the department
officials and also by the
customers/prospective customers.
Construction service was
introduced from 10-09-2004 and
from 01-06-2007 Work contract
service was introduced. Circular
No.
108/02/2009
dated
28.01.2009 clarified that service
provided by a builder to a
customer is not liable to tax.
Now the newly inserted
explanation
states
that
construction of complex which is
intended for sale, wholly or partly,
by a builder or any person
authorized by the builder before,
during or after construction shall
be deemed to be a service provided
by the builder to the buyer. This is
a deeming provision.
However, even though there is a
deeming provision that if the
builder had not received any
amount prior to obtaining
appropriate completion certificate
by the competent authorities then
such transactions would not be
within the purview of the service
tax. This amendment seems to be
prospective in nature as there is
no mention about the effective
date hence it cannot be said to be
retrospective unless there is
specific mention about the same.
This amendment could lead to a
number of doubts arising in our
minds. Few of them are as undera. Even after this amendment,
whether the clarification given by
circular No. 108/02/2009 that the
apartments/residential units built
for personal use is excluded from
the scope of residential complex
as it is for personal use by buyer
holds waters or not needs to be
examined.
b. There is no corresponding
amendment under Works Contract
service. Does that mean if there is
construction agreement where
sales tax is being paid; the
transaction is not in the nature of
builder and buyer model?
c. How would the taxability get
determined for the projects under
progress?
SERVICE TAX – SERIES – PART VII
d. Constitutional validity of the
concept of ‘deeming fiction’?
3. Renting of Immovable property
service –
a. Renting of vacant land –
The definition of renting of
immovable property had certain
inclusions and exclusions. One of
such exclusion was vacant land.
In the transactions like long term
leases on vacant land by Public
sector undertakings, industrial
corporations, etc under explicit
understanding that lessee would
construct factory or commercial
building on that land. In such
cases the ownership is not
transferred to the lessee and thus
it is a service provided by the
lessor to the lessee. Since the
earlier definition had excluded the
vacant land, the same was said to
be non-taxable service.
In the Finance Bill 2010, there is
a proposal to add to the inclusion
list specifically such cases that is
to say it would cover vacant land
given on lease or license for
construction of building or
temporary structure at a later stage
to be used for furtherance of
business or commerce.
b. Renting –
amendment
definition
–
This is the hot topic of discussion
at any forum on indirect taxes.
Because of the decision of the
Honourable Delhi High Court in
the case of Home Solutions Retail
India Ltd & others [2009 (14) STR
433 (Del)] clarified the taxable
service under this category covers
only services in relation to renting
and renting per-se. Though there
was a mention that it is not a
service, as there is no value
addition per-se, the decision was
rendered that it is not covered
within the scope of taxable service
definition. This had given scope
for a spate of litigations and
relying on the said decision the
tenants stopped paying service tax
to the landlords.
In the Finance Bill 2010, there is a
proposal giving a retrospect effect
from 01.06.2007 whereby it
specifically covers ‘renting’ along
with services in relation to renting.
This is added along with validating
provision allowing the department
to recover the past dues to the
Government in this regard viz.,
service tax, interest and penalties.
In the opinion of the paper writers
the Delhi High Court in the Home
Solutions case had not considered
few other vital points, presently
pending before Supreme Court.
Therefore it has to be seen how
the Supreme Court would give
finality to this amendment.
How should we as Chartered
Accountants advise our clients
who are tenants and landlords
after the enactment of Finance
Act, 2010, till the verdict is given
by the Supreme Court? In the
opinion of the paper writers there
are 3 optionsa. If the tenant is ready to pay the
service tax then the landlord
collects the same and remits it to
the department. However, it could
be paid under protest.
b. Irrespective of the fact whether
tenant pays the service tax or not,
the landlord can pay the taxes
under protest to avoid interest and
penalty.
c. Await the decision of the Supreme
Court and face the consequence.
Each of the options may be chosen
depending on the level of risk
acceptable by the landlords/
tenants.
c. Air Passenger Transport –
Exemption is provided on
Statutory taxes charged by any
Government (including foreign
governments, where a passenger
disembarks) on air passenger
would be excluded from taxable
value for the purpose of levy of
service tax under Air Passenger
Transport Service – Notification
No 15/2010-ST
d. Erection, commissioning or
installationExemption is given if a service is
provided in relation to the
following • Mechanized Food Grain Handling
Systems, etc.
• Equipment for settingup or
substantial expansion of cold
storage and
• Machinery for initial setting up or
substantial expansion of units for
processing of agricultural, apiary,
horticulture, diary, poultry,
aquatic, marine or meat products.
– Notification No 12/2010-ST
e. Packaged or Canned Software Information Technology software
packed intended for single use is
being exempt from the whole of
service tax if the following
conditions are fulfilled viz.,
• License/document which gives
right to use should be packed
along with software.
• Manufacturer, duplicator or
person holding the copyrights/
importer should have discharged
duties of excise/customs on the
amount received from the buyer.
13
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
• No exemption is claimed on the
value attributable to right to use
software is claimed under Central
Excise or Customs.
Basically, if we examine the
conditions it appears that either
excise duty or customs duty is to
be paid on packaged software, to
avail
this
exemption.
[Notifications – 2/2010 & 172010-ST]
f. Transportation of Goods by
Rail –
Exempts specified goods like
defence/military equipments,
railway equipments/materials,
food grains etc., transported by rail.
Notification No - 08/2010-ST.
g. Vocational Training
Vocational Training Services were
exempted and definition for the
same was given as training or
coaching to enable the trainee to
seek employment or undertake
self-employment, directly after
such training or coaching. It is
amended w.e.f. 27.02.2010 to
confine the exemption only to
institutes and industrial training
Centres affiliated to the National
Council of Vocational Training
(NCVT) and offering courses in
the designated trades covered
under Schedule I of The
Apprentice Act, 1961. The List
figuring under Schedule I of the
Act covers engineering as well as
non-engineering skills/trade –
Notification No - 3/2010-ST.
h. Group Personal Accident
Scheme
Exemption from Service tax,
presently available to Group
Personal Accident Scheme
provided by Government of
Rajasthan to its employees, under
April
2010
14
General Insurance Service is
being withdrawn -Notification
No. 5/2010-ST.
i. Sponsorship Service
The definition of sponsorship
specifically excluded the services
in relation to sports. The exclusion
relating to sponsorship pertaining
to sports is being removed. This
could be because of big stakes
involved in the recent IPL
matches.
j. Transportation of Goods by
Road –
Exemption for transportation of
fruits, vegetables, eggs or milk
under GTA Services is extended
to include even ‘food grains and
pulses’ – Notification No. 04/
2010-ST.
k. Information
Technology
Software Service The taxability of Information
Technology Software services
was confined only to cases where
such software was used for
furtherance of trade or commerce
and was not covering such
services which were not so used.
In the Finance Bill, it is proposed
to remove such distinction and tax
all the information technology
software service irrespective of its
usage.
l. Services provided in an airport
or port
There was confusion amongst the
assessees whether the services
rendered at the port or airport
should be classified under specific
category or general category. The
definition of port/airport used the
words ‘any person authorized by
port/airport’ but there was no
specific procedure to authorize a
service provider to undertake a
particular activity. The assessee/s
contention was that the airport
authority had not specifically
authorized anybody for rendering
the services at the port/airport and
pretext of which the assessees were
claiming tax exemption. In the
Finance Bill 2010, it is proposed
to cover all the services provided
within the port by any person under
the category of port service.
Further it is also explained that if
the entire services are provided
within the port, the same has to be
classified as port/airport services
without getting into classification
principles set out in Section 65A.
m. Transportation of passengers by
air service
The taxation under this category
was confined only to international
flights and economy class was
excluded. But in the Finance Bill
2010, there is proposal to cover
domestic flights as well as
economy class within the tax net.
n. Auction by Government
New explanation has been
inserted which wants to give
clarity on the phrase ‘auction by
the Government’ in the
Auctioneers service which was
introduced earlier. The service
excluded ‘auction by the
Government.’ This has created
some confusion because there
were transactions which included
property that belonged to the
Government auctioned by private
people or property of private
people auctioned by the
Government. Now the proposal
states that ‘Auction by the
Government’ means Government
property being auctioned by any
person acting as an auctioneer.
Sl No
Particulars
Existing Category
New Category
1
Mandap keeper
service
Performance outside
India
2
Chartered
Accountant,
Cost Accountant
& Company
Secretary
Performance
outside India
Immovable property
situated
outside India
Recipient
outside india
o. Export of Service Rules, 2005
i. One of the mandatory conditions
which had lead to lot of litigation
has been deleted but with a
prospective date (27-02-2010)
viz., ‘such service provided from
India and used outside India.’ This
is a welcome move and will avoid
a lot of litigation in the future to
come. (Notification 6/2010-ST)
ii. Other amendments were with
regard to the shift in the manner
of determination of export of
services for certain categories
which are given below (Notification 16/2010-ST)
OBITUARY
Name
CA. PUTTARAMAIAH V G
M.No. : 222115
Required Article Clerks
CA firm with 6 Partners require brilliant, sincere and committed Article clerks for our firm.
Required Audit / Tax Assistants
CA Firm with 6 Partners requires Accounts/Audit/Tax Assistants. Candidate should be
CA / CA Intermediate qualified, brilliant, sincere, committed and should be
willing to commit for atleast one year.
Offering an attractive remuneration commensurate with experience and exposure in
audits and direct taxes.
Interested students / candidates may please send their detailed resumes / bio-data to:
N S V M & Associates
Chartered Accountants
# 63/1, I Floor, Above Canara Bank,
Railway parallel Road, Kumara Park West,
Bangalore – 560 020.
Ph: 41506054 / 55 / 56
Advt.
Email: anp@nsvmandassociates.com / dnsreehari63@yahoo.com
15
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
I NVESTMENT B ANKING C OURSE
Austal Group
www.austalgroup.net/education
L IVE C LASSROOM T RAINING
C OMPREHENSIVE F INANCIAL M ODELING AND V ALUATION A NALYSIS C OURSE
Class Format
All 8 sessions are tailored for personalized instruction using the case study approach. Each student follows the banker
teaching the class and builds the financial models along with him. Each session is 4 hours long of in-class live training. The
training model is structured to allow students to also independently pursue investigations and searches on their own.
Course Materials
INTRODUCTION AND FINANCIAL STATEMENT ANALYSIS
COMPREHENSIVE VALUATION ANALYSIS
INTEGRATED CASH FLOW MODELING
COMPLETE LBO MODELING
MERGER (ACQUISITION) MODELING
INVESTMENT BANKING PROCESS AND BEST PRACTICES, INTERVIEW SKILLS AND RESUME REVISION
Course Offerings in Bangalore
Courses are conducted during the week and on weekends to accommodate working professionals and those attending
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Please visit our website to view all our offerings.
SICASA Bangalore Branch of SIRC of ICAI
Organising
at Branch Premises
SPECIAL REVISION FOR MAY 2010 EXAMINATION FOR FINAL STUDENTS
Date
10.04.10
Subject
Faculty
Time
Indirect Direct Taxes
CA. T.R RAJESH KUMAR
08.30AM TO 01.00PM
CA. K.K. CHYTHANYA
08.30AM TO 01.00PM
Discussion on Amendments &
Case Laws Applicable to MAY 2010
21.04.10
Direct Taxes
Discussion on Amendments &
Case Laws Applicable to MAY 2010
Delegate Fee: Rs. 50/- (for both programmes)
SPECIAL REVISION FOR MAY 2010 EXAMINATION FOR PEII / PCC/ IPCC STUDENTS
Date
Subject
Faculty
Time
11.04.10
Direct Taxes
CA. Naveen Khariwal
10.00am to 05.00pm
Delegate Fee: Rs. 75/- (Lunch arranged at 1.00 pm)
April
2010
CA. Shambhu Sharma H
CA. Babu. K
CA. Nithin M
Chairman
Secretary
Chairman, SICASA
16
Advt.
For More Information
Congratulations from Managing Committee
RANK HOLDERS - NOVEMBER 2009 EXAMINATION
Sl. No
1
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6
Reg No.
SRO0250193
SRO0228537
SRO0253082
SRO0232673
SRO0252407
SRO0243840
Roll. No
19520
20394
19577
20396
19633
20500
Sl. No
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Reg No.
SRO0249254
SRO0251869
SRO0224094
SRO0268164
SRO0242837
Roll. No
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28310
28031
Sl. No
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Reg No.
SRO0205719
SRO0215868
SRO0139202
SRO0215688
Roll. No
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11970
13032
12022
PCC
Name
SHASHANK VISWANATHAN
SUSHEEN M BOHRA
YASHASWINI M
PRIYANKA J
POOJA B MEHTA
VENKATRAMAN R BHAT
IPCC
Name
ASHIKA HARIKRISHNAN
HARISH KUMAR J
SRINIDHI E S
SUMANA M RAO
SALVA RAHUL DEVCHAN BHAI
FINAL (OLD)
Name
SHRUTHI B N
AJITH K G
NIKHIL BHARAT DEORA
RAMA RAJU N
Marks Obtained
410
401
395
394
392
385
Rank
21
29
35
36
38
45
Marks Obtained
465
447
441
439
436
Rank
23
38
44
46
49
Marks Obtained
518
505
504
476
Rank
10
19
20
46
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Venue
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Jnana Jyothi Convention Center,
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Central College Campus
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Bangalore
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Date
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Saturday 12th &
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Sunday 13th June 2010
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CPE:12Hrs.
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Kindly block your dates
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Announcement
Karnataka State Level CA Conference
17
April
2010
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
Workshop on Legal & Financial Safeguards for Challenging Times
on Saturday, 17th April, 2010 at Branch Premises
Time: 09.00 am to 01.00 pm
Fee: Rs. 250
CPE: 4 hrs
Time
Topic
09.00 am to 01.00 pm
(Tea Break : 11.00 am)
Restricted to
250 delegates
Speaker
Customer Contract evaluation
Practical suggestions
Mr. Karthik S A,
Founder, Quasar Legal
ECGC Insurance Policy
A tool to protect the export receivables
Mr. Ramesh Bhat,
AGM, ECGC, Bangalore
Director and Officers (D&O) Policy and Mr. Ashwin Sunder,
Errors and Omissions (E&O) Policy
Manager, Marsh India Insurance
Brokers
Workshop on KVAT & CST
Fee: Rs. 250
CPE: 4 hrs
Time
Topic
09.30 am to 01.30 pm
(Tea Break : 11.30 am)
Fee: Rs. 500
CPE: 6hrs
Speaker
Recent Notifications under
KVAT & CST
Mr. M. A. Maniyar,
Co-Ordinator - Commercial Taxes RIL
Karnataka
VAT & CST Amendments
CA. Sanjay M Dhariwal
Practical Issues KVAT & CST
CA. S. Venkataramani S
Workshop on Service Tax - Recent Changes
Time
on Saturday, 1st May 2010 at Branch Premises
Time : 10.00 am to 05.30 pm
Topic
Speaker
Recent changes in the
IT Sector
CA Naveen Rajpurohit
11:30 am to 12:30 pm
Recent changes in
Construction Industry
CA Deepak Kumar Jain B
2:15 pm to 3.30 pm
3:45 pm to 5:00 pm
5.00 pm to 5.30 pm
CA Badrinath NR
Panel Discussion
Recent changes in the
CA Madhur Harlalka
Cenvat Credit & Classification
Recent changes in Health
Care Sector
CA. Anand N
Mr. Gururaj BN
Advocate
Panel Discussion
Tea Break: 11.00am; Lunch : 01.15pm; Tea Break: 3.30pm.
For Registration contact Ms. Roopashree.
Tel: 3056-3500/513, blrregistration@icai.org , bangalore@icai.org
18
Restricted to
250 delegates
Session Moderator
10:00 am to 11:15 am
12.45 pm to 01.15 pm
April
2010
Restricted to
250 delegates
on Saturday, 24th April, 2010 at Branch Premises
Time: 09.30 am to 01.30 pm
Visit: www.icai-bangalore.org
Bangalore Branch of SIRC
of the Institute of Chartered Accountants of India
April
2010
20