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ASSOCHAM has always been a frontrunner in disseminating vital information and taking the cause of the member of trade and industry to the government, especially in the case of taxation related matters. In the recent Union budget several amendments have been made by the Finance Act which have serious repercussions on industry in respect of indirect taxes.
 
By the Finance Act 2014 more power have been given to the Central government regarding the furnishing of information, keeping of records, manner in which verification of such record will be made wherein already there are huge power with the officers which are being misused to harass the assesses.
 
The Finance Act 2014 has also introduced the provisions of compulsory deposit for filing an appeal whereas by the budgetary notification interest payable by the assessee on delay of payment of service tax has been hiked upto 30% per annum. There are several other amendments including obligatory furnishing of return to another authority to be created by the Central government. By the budgetary notification, availability of the CENVAT credit has been seriously affected it will increase the cost of production and the cost of rendition of services.
 
All such changes would be having serious consequences on the working of the industry across the board. Therefore, in order to provide clarifications across the table, ASSOCHAM is organizing a series of National Seminar on Impact of the Finance Act 2014 (Indirect Taxes)- A Way Forward at New Delhi, Hyderabad, Kolkata, Mumbai and Chennaias per the following schedule:
 

CITY
DATE & DAY
TIMINGS
VENUE
NEW DELHI
20th August, 2014
(Wednesday)
09.30 - 16.30
The Lalit
Barakhamba Avenue, New Delhi
HYDERABAD
28th August, 2014
(Thursday)
09.30 - 16.30
Taj Deccan
 
Banjara Hills, Hyderabad
KOLKATA
3rd September, 2014 (Wednesday)
09.30 - 16.30
Taj Bengal
34B, Belvedere Road, Alipore,Kolkata
MUMBAI
11th September, 2014
(Thursday)
09.30 - 16.30
Four Seasons
Worli, Mumbai
CHENNAI
18th September, 2014
(Thursday)
09.30 - 16.30
Vivanta by Taj – Connemara
Binny Road, Chennai

 
Issues To Be Discussed
  • Impact of delay in payment of Service tax with higher rate of interest
  • Impact of expanding scope of filing appeal to Supreme Court
  • Compulsory deposit for filing of appeals –pros & cons
  • Consequence of  furnishing  information return to specified authority
  • Consequence of setting timeline of 6 month  for taking credit
  • Consequence of new set of power to the officers
  • Consequence of Changes in place of provision rules:- more transaction become taxable –is it justified?
  • Consequence of  changes in  abatement notification
  • Imposition of penalty through rules
  • Dispute resolutions through settlement commission
  • Expanding scope of advance ruling
  • Changes in exemption  related to service tax
  • Changes in the reverse charge Provisions
  • Impact of changes in valuable rules under Central Excise
  • Time frame for disposal of show cause notice
  • Constant change in SEZ exemption
  • Whether assessee has a right to get stay from tribunal
  • What is new in Point of taxation rules
  • The new services / activities become taxable in the year 2014
  • Other burning issues in indirect taxes
 
The seminars would be addressed by Shri Nihal Kothari, Chairman, National Council on Indirect Taxes, ASSOCHAM, Shri J K Mittal, Co-Chairman, National Council on Indirect Taxes, ASSOCHAM, Mr. Bimal Jain, Partner, A2Z Taxcorp LLP and other eminent speakers from tax profession. The others details shall be communicated to you shortly. Meantime, we would request you to kindly block your diaries for these meaningful seminars.
 
Who Should Attend
 
CFOs, Finance / Accounts / Legal Executives, Senior Auditors and Financial Professionals / Consultants, Service providers and manufacturing availing CENVAT credit, Exporters of services, Users of services provided in India or abroad,  Middle & Senior Level executives dealing in Indirect Taxes in the corporate world as well as the practicing CA, CS, CWA and other related professionals.

Registration Fees: 

  • Delegate Fee: Rs. 4000/- per participant per city, including Service Tax (10% discount for two or more persons from the same organization)