Service Tax Articles

In the world of Service Tax many questions lack an easy answers

Posted by MONISH BHALLA 13 November 2010 10689 Views

The complex and overlapping service tax structure is a bottle-neck not only for businessmen but also for professionals in service tax department. There are many questions which do not have easy answers. In fact, some issues are so perplexing that ev

Unprofessional Service Tax rules for certain professionals

Posted by MONISH BHALLA 04 November 2010 12808 Views

Today, business does not survive without an efficient and effective team of professionals. CAs, cost accountants, advocates, senior legal counsels, company secretaries, tax experts and consultants are the most sought after species for any large organ

Efficient and Responsible litigation by Govt. are a rarity

Posted by MONISH BHALLA 27 October 2010 6204 Views

Many feel that the tribunals and courts are pro assessee as majority of the decisions pronounced are against the revenue. But there is another side of the coin, which they fail to see. Majority of these departmental appeals should not have been ma

Understanding Service Tax Concepts

Posted by Madhukar N Hiregange 20 October 2010 27333 Views

Understanding Service Tax Concepts By CA. Madhukar N Hiregange CA. Sudhir V S CHAPTER 1. OVERVIEW OF SERVICE TAX Constitutional validity and concepts Levy and collection Concept of Classification Registration Concept of considerati

Service tax authorities misuse show-cause provisions

Posted by MONISH BHALLA 20 October 2010 33657 Views

The entire Tax system stands on the foundations of mutual trust between tax payers and the assessing officer. Likewise, the provisions of service tax are too, based on trust. The assessee filing returns are expected to do self-assessment of taxes

Enabling Practice in Service Tax - Part -II

Posted by Madhukar N Hiregange 20 October 2010 14275 Views

Enabling Practice in Service Tax – Part -II Madhukar N Hiregange FCA This article is a sequel to the article on opportunities and enabling practice hosted a few days back. This provides the questions a practitioner should ask and a little

Brief about Service tax Centralized Registration

Posted by CMA Ramesh Krishnan 19 October 2010 106515 Views

Introduction: Centralized service tax registration has been introduced by the Service tax department with effect from 1.4.2005 and the rules for Centralized registration has been made more simplified with effect from 2.11.2006. Even though the rul

Enabling Practice in Service Tax - Part - I

Posted by Madhukar N Hiregange 18 October 2010 19539 Views

Enabling Practice in Service Tax- Part -I Madhukar N Hiregange FCA The practice in service tax is one area which would offer immense opportunities for the starter as well as multi partner firms. One of the main reasons for this is service tax

Supply of Tangible Goods

Posted by Madhukar N Hiregange 16 October 2010 57337 Views

By Madhukar N Hiregange (FCA, DISA) & Srikantha Rao T (B.Com. ACA)Finance Act 2008 had introduced among many, a new ca

Nothing special about Service Tax exemption in SEZ

Posted by MONISH BHALLA 13 October 2010 23737 Views

The term special economic zone (SEZ) sounds as music to the ears, as it appears that those running their units in the SEZ are at an advantage, compared to their counterparts in the domestic tariff area (DTA). Special Economic Zones h