Budget Highlights - IDT

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-07-2014
  • Writer: CA Madhukar N Hiregange

IDT - Template for Applicability

  • Category: Erstwhile Indirect Tax Laws
  • Date: 01-07-2014
  • Writer: CA Madhukar N Hiregange

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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Best Practice to Avoid disputes

  • Category: Erstwhile Indirect Tax Laws
  • Date: 29-06-2014
  • Writer: CA Madhukar N Hiregange

Pre- Budget - Suggestions for Revenue Augmentation & Reforms

  • Category: Erstwhile Indirect Tax Laws
  • Date: 28-06-2014
  • Writer: CA Madhukar N Hiregange

A.  Suggestions for Revenue Augmentation + Reforms  

1. Information in respect of assessees be shared between the Central Government and the State Governments on a reciprocal basis. This will facilitate reconciliation of returns and indicate areas / sectors of revenue leakage or areas requiring further investigation.  

  1. Excise/Service Tax Audit in line with the Income-Tax Audit be introduced for traders/ manufacturers/ service providers having a turnover of goods/services...

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Pre- Budget - Suggestions for Revenue Augmentation & Reforms

  • Category: Erstwhile Indirect Tax Laws
  • Date: 28-06-2014
  • Writer: CA Madhukar N Hiregange

Job Work under Central Excise & Service Tax

  • Category: Erstwhile Indirect Tax Laws
  • Date: 16-06-2014
  • Writer: CA Madhukar N Hiregange

The manufacturing industries depends now a days stick to their core competencies and get most jobs done on outsourced basis.  

The sending of raw materials/semi-finished materials for some process as per the directions of principal manufacturer is known as job work.  

The industries who undertake the work of job work should be aware of the provisions under central excise and service tax applicable to them, so that can be compliant and not face demands of levy or...

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Job Work under Central Excise & Service Tax

  • Category: Erstwhile Indirect Tax Laws
  • Date: 16-06-2014
  • Writer: CA Madhukar N Hiregange

Service Tax- Commercial rent

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-06-2014
  • Writer: CA Madhukar N Hiregange

The concept of renting /lease is not new to service tax with the Rent a Cab scheme being the first followed by Mandap Keeping services and banking and financial services.. In 2006 the category of Support services for business or commerce attempted to bring in offices provided along with infrastructural support to the net. In this case it was reasoned that only if the support staff was provided then this category would cover offices.  

The bureaucrats drafting the law have a view...

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Service Tax- Commercial rent

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-06-2014
  • Writer: CA Madhukar N Hiregange