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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What Marketing dept needs to know - IDT

  • Category: Erstwhile Indirect Tax Laws
  • Date: 26-04-2014
  • Writer: CA Madhukar N Hiregange

Recent Changes in Notifications, Circulars, Case laws- Analysis

  • Category: Erstwhile Indirect Tax Laws
  • Date: 25-04-2014
  • Writer: CA Madhukar N Hiregange

Issue & Possible Resolution - Negative List

  • Category: Erstwhile Indirect Tax Laws
  • Date: 24-04-2014
  • Writer: CA Madhukar N Hiregange

Issues and Possible resolution – Negative List  

In this article we examine some of the common issues arising from the negative list entries in sequence.  

Agriculture related services  

  1. Whether agriculture operations should be carried out in rural area only for coverage by negative list entry?  

Comment: No. There is no condition that the agriculture activities should be performed in rural area only.  

  1. Whether activities of horticulture, animal...

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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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Avoiding Disputes - Best Practices

  • Category: Erstwhile Indirect Tax Laws
  • Date: 24-04-2014
  • Writer: CA Madhukar N Hiregange

Issue & Possible Resolution - Negative List

  • Category: Erstwhile Indirect Tax Laws
  • Date: 24-04-2014
  • Writer: CA Madhukar N Hiregange

Joint Charge - Compliance & Credits

  • Category: Erstwhile Indirect Tax Laws
  • Date: 23-04-2014
  • Writer: CA Madhukar N Hiregange

Introduction:  

The service tax law based on negative based taxation has been effective from 1st of July 2012. This regime is expected to augment the government’s revenue even in this period of slack business/ growth by tapping hitherto untaxed areas of various activities. It is expected that the new law would lead to large amount of disputes and challenges where unintended transactions would be subjected to the tax. One of the main issues causing concern in the trade is the joint...

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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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Best Practices - Reply to SCN

  • Category: Erstwhile Indirect Tax Laws
  • Date: 23-04-2014
  • Writer: CA Madhukar N Hiregange