Best Practice to Avoid disputes

  • Category: Professional Value Pack
  • Date: 29-06-2014
  • Writer: CA Madhukar N Hiregange

One of the major challenges for the assessee is – avoiding of the disputes with the department. To avoid/ reduce such disputes with the department, one must understand the reason for such dispute. In this write up, we have analyzed the best practices of avoiding disputes with the department by using alternative measures/policies. We would understand the following in this writeup -  

  1. Possible causes for the Disputes along with measures to mitigate them?  

  1. How...

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What Material - Purchase need to know of IDT?

  • Category: Professional Value Pack
  • Date: 27-05-2014
  • Writer: CA Madhukar N Hiregange

What The Material/ Procurement Executive/ Manager needs to know about Indirect Taxes? 

The successful material/ purchase officers knows the production needs well in terms of quality, timeliness and quantity. He also understands the cost of products / services sought to be procured , where available at economical prices. Maybe nearer the source + have a few alternative’s in case of urgent procurement. 

In this article we look at a few options/ situation in the procurement...

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Best Practice for Professionals

  • Category: Professional Value Pack
  • Date: 20-05-2014
  • Writer: CA Madhukar N Hiregange

There are several professionals working in the Industry in India.  They are engaged in accountancy, finance, costing work in commerce, industry, financial services, education, and the public and not-forprofit sectors. They are ensuring that organizations, whether partnerships, companies or not for profit entities are more successful and sustainable. Professional accountants in business form a very diverse constituency, and can be found working as employees, consultants, and self-employed...

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Best Practice for Professionals

  • Category: Professional Value Pack
  • Date: 20-05-2014
  • Writer: CA Madhukar N Hiregange

Tips & Techniques for IPCC Examinations 

  • Category: Professional Value Pack
  • Date: 19-05-2014
  • Writer: CA Madhukar N Hiregange

Study Tips and Examination Techniques:  

The taxation paper is one of the best scoring paper in the IPCC exam. This can help to make good the shortage of marks in other papers or to get exemption which can assist in the next attempt. Recently more importance has been given to taxation paper; taxation includes income tax, indirect taxes. Earlier in indirect taxes only service tax and VAT has been included and from November 2014 concept of central excise, customs and CST basics are...

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Tips & Techniques for IPCC Examinations

  • Category: Professional Value Pack
  • Date: 19-05-2014
  • Writer: CA Madhukar N Hiregange

What Marketing dept needs to know - IDT

  • Category: Professional Value Pack
  • Date: 26-04-2014
  • Writer: CA Madhukar N Hiregange

What The Marketing Executive/ Manager needs to know about Indirect Taxes?  

The successful marketing man knows the customer’s needs well, understands his business, the cost of products / services sought to be sold, looks at serving the customer better. In this article we look at a few options/ situation and understand the impact. The central excise duty & service tax rate is 12.36 percent , VAT could be around 5 percent or 14 percent depending on the State and product. CST for...

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Avoiding Disputes - Best Practices

  • Category: Professional Value Pack
  • Date: 24-04-2014
  • Writer: CA Madhukar N Hiregange

One of the major challenges for the assessee is –avoiding of the disputes with the department. To avoid/ reducesuch disputes with the department, one must understand the reason for such dispute. In this write up, we have analyzed the best practices of avoiding disputes with the department by using alternative measures/policies. We would understand the following in this writeup -  

  1. Possible causes for the Disputes along with measures to mitigate them?  
  2. How to avoid...
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Best Practices - Reply to SCN

  • Category: Professional Value Pack
  • Date: 23-04-2014
  • Writer: CA Madhukar N Hiregange

The service tax law has resulted in a large number of disputes [ more than 1 lakhs + pending as on date] mainly due to the fact that the law is changing frequently and drafting has been seen to have many loose ends. The trigger happy attitude of some of the audit personnel from the Internal Audit or CAG has led to the number of cases increasing by leaps and bounds. The delays in dispute resolution and contrary judgements which are quite common has added to the woes of the service...

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Cascading Effect of Tax in India

  • Category: Professional Value Pack
  • Date: 22-04-2014
  • Writer: CA Mahadev R

The purpose of this article is to throw light on the cascading effect of taxation present in India and its impact and the possible remedy for the issues arising from the same. The main objective of any taxation in any part of the world is obviously not to levy tax on taxes or in simple words to avoid cascading effect. Cascading effect of tax is one of the major distortions that had crept into Indian taxation. In India, taxes are multi-layered as the central Government levies taxes like...

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