NATIONAL SERVICE TAX CONFERENCE
Confederation of Indian Industries
http://ciionline.org/events/1725/default.asp
Introduction
Services constitute of numerous and heterogeneous activities. Today
services have surpassed sectors such as Agriculture to become prime
contributor amounting to 51% to India's GDP. Services cover wide
range of activities such as management, banking, insurance,
hospitality, administration, communication, entertainment, wholesale
distribution, engineering services as well as Research & Development
activities and many more. As Service sector is fast becoming the
imperative component of the Indian economy, the development of
service sector would lead to advancement of the economy.
For promoting services within India, it is imperative to understand
the taxation dynamics in the country and address the open-ended
issues. In this scenario, service tax is an important component of
Government earnings. As an important component of Government
earnings, services must be given attention. Currently, there are 85
services that are covered under Service tax.
Objective
The conference would bring government & industry at a common platform
to address the critical issues faced by them and thereby streamline &
simplify the structure & rules of service tax, in order to strengthen
the service tax administration. We have partnered with
PricewaterhouseCoopers (PwC) who would bring in their domain
expertise in this area.
The conference would highlight the following:
� The importance of service tax levied by the Government.
� The Impact of imposing service tax of 10.2% on the service
providers.
� New services covered under Service Tax and extension of the scope
of certain existing services after the Budget.
� Need to resolve misinterpretation, disputes & litigation due to
Service Tax on selected services.
� List out policy imperatives, and get senior representatives from
the government to answer questions raised by delegates.
� Discuss the challenges before the service tax administration.
� Impact of service tax on the consumers (especially the Middle class)
� To devise a structure to streamline the structure and rules of
service tax.
� Define a roadmap for the implementation of Service Tax.
Target Audience
� CEOs
� CFOs
o IT & ITES
o Banking & financial services
o Transportation
o Insurance
o Hospitality
o Entertainment
o Telecom Services
o Construction Services
o Manufacturing Industry
� Government Officials
o Department of Revenue
o Department of CBEC
o State Excise Commissioners
� Tax Consultants
� Legal Consultants
� Management Consultants
� Institutes
o ICAI
o ICSI
o ICWA
o Management Institutes
Programme: Session & Topics
� Inaugural Session:
o Representatives from the Government would present the
current state of affairs w.r.t service tax. How it benefits the
economy as a whole.
o How government intends to utilize the revenue generated
from service tax?
o Reasons for including new services after the budget and
scope of 12 of the existing services has been widened in coverage.
o Rationalization of duty structures, simplification of tax
procedures and strengthening of the tax administration.
� Session I: Industry wise impact of Service Tax in
Industry: Issues & Recommendations
This session would focus on the impact of the service tax on various
sectors like Telecom Services, Banking & Financial services,
Construction services and Manufacturing and the leaders from the
respective sectors would present their views on the impact of Service
Tax on their industry and thereby provide recommendations to
streamline & simplify the structure and rules of Service Tax.
� Plenary Session II: Service Tax: The way forward for India
o Procedural Issues in Service Tax
o Service Tax Credit Rules (CENVAT)
o Future Direction & Roadmap
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