PROFESSIONAL OPPORTUNITIES IN SERVICE TAX

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..... PROFESSIONAL OPPORTUNITIES IN SERVICE TAX
By: - Dr. Sanjiv Agarwal
Service Tax
Dated:- 29-12-2012

As the gamut of service tax expands, there is going to be ever increasing need for professionals to advise and assist the assessees. Professionals (Chartered Accountants, Advocates, CS etc.) with proper training and experience are considered to be well equipped to position in the dyna .....

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..... mic role as an advisor and facilitator for compliances under the service tax law. Professionals can find various emerging opportunities in relation to following areas of practice in indirect taxation and particularly in Service tax- 1. Providing tax planning in Government / Commercial projects/ investments / IPRs having substantial investment 2. Registration of assessees 3. Disclosures and sub .....

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..... missions to Department 4. Compliance of procedural aspects 5. Computation of monthly/ quarterly payment of tax/ duties 6. Return verification / filing of returns 7. Service tax review and quarterly audit 8. Review of systems and procedure before Departmental audit 9. Assistance during Departmental IAP or CAG audit 10. Opinions/ Clarifications 11. Transaction planning and structuring 12. G .....

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..... uidance on understanding of effect of budget/recent changes on activities 13. Filing of Refund claims of Service Tax 14. Departmental representation 15. Reply to Show Cause Notice (SCN) 16. Representation before Adjudicating Authority 17. Drafting of representation at Appellate Forums 18. Facilitation to Advocates at High Court/ Supreme Court 19. Outsourcing of Service Tax compliance activi .....

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..... ties 20. Other areas such as training / teaching, writing articles, submission / representation to the Government, etc. Service Tax: Gateway to new Professional Opportunities. taxmanagementindia.com ROLE OF PROFESSIONALS UNDER SERVICE TAX Proper classification of taxable services (Section65A) Timely and correct feedback on provisions of law Services to the Government Services to Service Prov .....

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..... iders Help in understanding law and its correct interpretation The areas for professionals exist both in practice as well as employment. Now companies and business houses have started recruiting professionals to manage and comply with the indirect tax compliances. = = = = = = = = = = ==
Scholarly articles for knowledge sharing by authors, experts, professionals .....

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