Service Tax Articles

Unprofessional Service Tax rules for certain professionals

MONISH BHALLA 04 November 2010 at 16:04

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

MONISH BHALLA 27 October 2010 at 12:53

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

Madhukar N Hiregange 20 October 2010 at 14:12

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

MONISH BHALLA 20 October 2010 at 13:06

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

Madhukar N Hiregange 20 October 2010 at 11:32

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

CMA Ramesh Krishnan 19 October 2010 at 12:02

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

Madhukar N Hiregange 18 October 2010 at 11:33

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

Madhukar N Hiregange 16 October 2010 at 17:13

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

MONISH BHALLA 13 October 2010 at 13:45

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

Information Technology Services - Impact under Service Tax

Madhukar N Hiregange 11 October 2010 at 12:34

By Madhukar N Hiregange (FCA, DISA) & Srikantha Rao T (B.Com, ACA) The industry which has contributed