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Theme
Commercial managers in industry come
from various educational backgrounds and
usually learn about basics of commerce
on the job. They may often find
themselves in doubt about tax
implications or possible legalities of
an action they are thinking about. As a
matter of fact they are exposed to such
doubts every day. Most of them need to
know the basics of the law and taxation.
They should know about the do’s and
don’ts in regular situation and
implications of an apparently simple
action in the course of the work.
They should also know when expert help
is needed and where to find it.
This program is about such knowledge
bytes of law and taxes relevant to any
commercial manager. There is manifold
benefit to the participants, so that
they, in interest of their organization–
- can devise system checks to avoid
potential problems of law and taxes
- can refer to basic sources of information on legal or tax matters
- would be clear on statutory ‘rights and wrongs’ in case of a dispute
- actually pay optimum taxes without falling foul of the authorities
- know statutory responsibilities in contingency and perform accordingly
The program would focus on following
interests/ queries of the participants –
- what are the key issues to remember
- what are the common contingencies
- what is the appropriate response
- If proper action was not taken, what are
the consequences
Like all our programs it is utility
focused and is designed to focus on
common interests of participants. Still,
the participants may ask specific
questions to the expert faculty as and
when required.
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Program
Schedule: Day 1: 9-00AM to
5-15PM+ |
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Introduction
Faculty & participants explore
issues of participant interest
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Contract
The law - legal process of
parties entering into a contract
offer, communication,
acceptance, Invitation to offer
open offer, consideration
Essentials of a Valid Contract.
Company of parties, free
consent, Lawful object etc.
Remedies for breach of Contract.
Basics of Indemnity, Guarantees,
Bailment and Agency
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Sale of
Goods
The law - Important Definitions,
Essentials of a valid sale,
condition, warranty, guaranty,
unpaid seller
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Negotiable
Instruments
The law - Bills Of Exchange,
cheques, Letter Of Credit,
endorsement, Dishonor of cheques
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Self help &
tips
Basic references - how to refer
- type and terms of professional
legal help - general steps to
mitigate potential damage
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Q & A – ½
Hour |
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Program
Schedule: Day 2: 9-00AM to 5-15
PM+ |
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Value Added
Tax
VAT – Basic Concepts,
Classification and Rates, Levy,
Input Credit
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Interstate
Sales
CST – Inter-State, Exports and
Imports, Sale Transit, High Sea
Sale Impact of VAT and CST on
Pricing and Distribution
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Excise and
Customs
Basics of Excise Duty, Exports
and Excise Duty, Impact of
Excise Duty on Distribution
Model. Basics of Customs Duty,
High Sea Sale and Customs,
Various Benefits available on
Exports Practical aspects of
Ant-Dumping Duty and Safeguard
Duty.
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Service Tax
Service Tax – Taxable Services,
Input Credit, Import of
Services, Export of Services.
Some Important services
connected with marketing -
Business Support Services,
Business Auxiliary Services etc.
Octroi and Entry Tax and
their impact on Distribution
Model
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Self help &
tips
Basic references - how to refer
- type and terms of professional
help - general steps to mitigate
potential damage
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Home
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