Changes on Taxable Services, Tax Rate, Transition Period

PROGRAM CONTENT SCHEDULE

TIME

DURATION

COURSE CONTENT

8:30am – 9:00am

30 minutes

Registration

9:00am – 9:30am

30 minutes

Session 1: Introduction to Service Tax Taxable

Person and Taxable Service

▪ Special focus to Group A, C, I and J

9:30am – 10:30am

60 minutes

Session 2: Expansion of Service Tax - Which services are Excluded

▪ 6% rate

▪ 8% rate

10:30am – 10:45am

15 minutes

Morning Break

10:45am – 12:00pm

75 minutes

Session 3:  Transitional Issues to 8%

▪ Long term contracts

▪ Apportionments

▪ Adjustments

▪ Other service tax accounting compliance on change of tax rate

12:00pm – 1:00pm

60 minutes

Lunch

1:00pm – 2:30pm

90 minutes

Session 4: Service Tax Exemptions ▪What are service tax exemptions?

▪ Who are eligible for exemptions – which groups?

2:30pm – 2:45pm

15 minutes

Afternoon Break

2:45pm – 4:00pm

75 minutes

Session 5: Service Tax Exemptions Rules and

Compliance

▪ Understand the Clause and Conditions of Exemptions

▪ Understand the Exclusion Provisions

▪ Exemptions in SST02 Declaration Form

4:00pm – 4:30pm

30 minutes

Case Study on Transitional Rules

4:30pm – 5:00pm

30 minutes

Question & Answer