5th Annual EPC Contracting Conference Summit 2013 April 24, 2013

5th Annual EPC Contracting Conference Summit 2013 To be held on 25th and 26th April 2013 at The Lalit, Mumbai

EPC- The Changing Scenario: It is a must attend event for senior finance decision makers, taxation, legal and commercial professionals from large domestic and multinational EPC / Infrastructure companies & owner companies in India. The purpose of the event is to network, discuss and debate key tax legal and other policy developments." http://www.companyprofilesandconferences.com/seminars-conferences/Conference-c42/5th-Annual-EPC-Contracting-Conference-Summit-2013.html

BACKGROUND

Sub-Group on Infrastructure for 12th Five year plan (2012-17) has estimated US$ 1 trillion (approx) investments requirement for infrastructure sector over the next five year to sustain and boost the current GDP.

As the government is getting aggressive on reforms, there are more to come. India is capable of high growth and that large infrastructure projects are one of the areas of focus. The negative perception of India caught in policy logjam is changing as political support is increasing credibility of government policies. EPC Contracting Conference 2013

Among other initiatives, in December 2012, Cabinet Committee on Investment (CCI) has been set up under chairmanship of Prime Minister and comprises members from various ministries to facilitate speedy implementation of large scale projects. CCI has started meeting and is expected to facilitate the project approvals, etc. Almost, all the large projects will involve Engineering, Procurement and Construction (EPC) contracting.

It may be noted that tax is one of the key aspect which needs due attention while contracting EPC projects. It is pertinent to note that, each EPC contract is unique in terms of size, scale, complexity, content of offshore services and supplies, location of performance, etc. Further, each EPC contract involves multiple taxes and levies.

The last decade has seen an evolution at the Indian Tax Office. The setting up of International Taxation and TP cells manifests that. Having said this, the tax environment in India is often viewed as complex with multiplicity of indirect taxes, burgeoning litigation and a lack of certainty. The fact that it takes a significant amount of time to reach a conclusion on litigation, is an area of concern. With mounting concerns over transfer pricing adjustments, uncertainties surrounding taxability of transactions and the multiplicity of indirect levies, taxpayers in India are increasingly paying close attention to the challenges posed by tax regimes.

This event is aimed at providing detailed insights on the direct & indirect tax and legal framework for successful execution of EPC contract and facilitating the exchange of new ideas and sharing experiences.

For more information kindly visit : http://www.companyprofilesandconferences.com/seminars-conferences/Conference-c42/5th-Annual-EPC-Contracting-Conference-Summit-2013.html

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