American Chamber of Commerce in India Seminar on Service Tax - An Evolving Law
July, 29th 2008
The Indian taxation system has undergone a remarkable change in last decade and a half. Particularly under the Indirect Tax structure, there has been an array of services and businesses which were brought under the ambit of service tax. Though there has been rationalization in tax rates and simplification in tax laws for a better compliance, there is still a lot of concern booming on the implications services taxes can have on the organizations service and business. To help bring in more awareness and for a better understanding of service tax matters, American Chamber of Commerce in India (AMCHAM) is organising a half-a-day seminar on Service Tax An Evolving Law on Thursday, July 31 at the India Habitat Centre, New Delhi.
Service tax is relatively a new concept in India and there are limited judicial case laws available on this matter. There is a lot of ambiguity surrounding the language of the law which is quite broad and generic. This raises a number of issues regarding scope of specific category of services. Though the revenue authorities have been regularly issuing explanatory circulars in relation to the specific issues. Yet, there is, considerable ambiguity in the applicability of the services tax law to various services. I am glad that American Chamber of Commerce in India (AMCHAM) is organizing this event. A platform like this provides an opportunity to discuss, debate issues and bring in clarity which is extremely relevant and beneficial explains Ajay Singha, Executive Director, American Chamber of Commerce in India
The seminar will feature interesting and enlightening insights from Richard Rekhy, Chairman; Tax & Tariff Committee AMCHAM (Chief Operating Officer, KPMG).Richard will introduce the participants to the pivotal theme and later chair a panel discussion for a better exchange of ideas. Deliberating on the recent developments, amendments and business issues surrounding Service Tax will be S.Harishanker, Executive Director, KPMG India, S.Madhavan, Head, Indirect Tax Practice, PWC India, Atul Gupta, Senior Director, Deloitte India and Ashwini Sachdev, India Tax Director, Microsoft Corporation(India) Pvt.Ltd.