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The manufacturers and service providers today are facing increasing tax rates some of which may need to be absorbed while dealing with customers who cannot avail the credit. Even otherwise the non availment of eligible credit
Vice President/ President Election Manifesto � 2016-17. The election of the Vice President of ICAI would be on 12th February 2016. Central Council members would vote. 32 elected + 8 Govt. Nominees. Members this year have voted for candidates wh
Madhukar N HiregangeWe as professionals sometimes wonder why we are not reaching our goals in profession and life. This is inspite of putting in hard work and wanting to do all activities well. This is especially true in growing in career or in prac
By CA Madhukar N Hiregange & Adv. K.S.Naveen KumarIntroduction:A return is a mirror reflection of the state of financial affairs of an assessee for a specified period. It serves as an important link between the taxpayer and tax administration in
By CA Madhukar N Hiregange & Adv.K.S.Naveen Kumar Prelude: Export refunds are often a subject matter of dispute and bone of contention between the exporter and the tax department in the context of indirect taxes in India. While the policy of th
This festive season, service sector has witnessed imposition of Swachh Bharat Cess (SBC) in very hasty move by government. It was promised at the time of the budget that it would only be imposed on some services. Govt has gone back on its word. Furth
A. Prelude:The success of GST would depend to a large extent on a robust GST Network as it will be the medium of sharing information between the tax department and tax payers and one of the impo
Introduction:The Joint Committee has submitted its report on various business processes in April 2015 and it was made public in October 2015. The report on GST payment process deals with aspect
The Government is committed to pass the GST bill in the winter session of parliament this year (2105). However considering the many stages post the passing of the bill of: recommendation of GST council, passing of model law in States, IT infrastructu
Media reports and press statements by Government Officials seem to suggest that the Union Government is keen to introduce Goods and Service Tax in the year 2016. While they themselves have given hope of its implementation from 1.4.2016, there seems t
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