Articles by Madhukar N Hiregange
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Recent Changes in Service Tax
Introduction Service tax is a levy on provision/rendition of service in India. Chapter V of Finance Act, 1994, introduced Service tax in India and it came to force from July 1994. Finance Act, 1994 is the only parent
Avoiding Dispute Alternative
Avoiding Dispute Alternative Best Practices?-By Madhukar N HiregangeOne 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
Tips to Avoid Corruption: Indirect Taxes
The last decade has seen the move towards usage of technology by the tax authorities and the traditional examination of statutory records has been gradually fading away. However the corruption in the local VAT / Excise offices across India as well as
Audit By Dept. Officers- CAG- Are they legal?
The Central Excise as well as Service Tax have been amended post liberalization to follow the self assessment scheme. It means that the return is accepted as correct. However as a check against filing incomplete, incorrect, faulty returns there are p
Service Tax Implications of Plotted Development
In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Consequently the impact of service tax. We also examine th
Transformation of Tax System
Transformation of Tax Systems in India- We can definitely make a difference The recent elections results in Delhi indicate the disenchantment with the present regime. The promise of ending corruption has encouraged the youth mainly as
Eligibility of Input Service Credit - Sales Commission
The cenvat credit scheme is a beneficent legislation and allows for credits used for manufacture or service. Sales commission is paid for the following reasons: market creation/development, advertisement, sales promotion activities, identifying poten
Service Tax on Builders and Developers - Issues
In this article we have examined the provisions relating to real estate with focus on what is more relevan
"Service" & "Consideration" - Random Thoughts
Understanding of "Economic Activity" and "Consideration" in Service Tax- Random ThoughtsThe concept of negative list regime is that there should be an economic activity [as differentiated from personal activity] whether carried out free of charge or
Impact of Customs on Indirect Taxes
Impact of Customs on Other Indirect Taxation The Customs Act has been put in place to ensure that the import and export of goods into and from India is regulated. Certain products cannot be imported or exported, while certain others require a licens
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