TMI BlogPROFESSIONAL OPPORTUNITIES IN SERVICE TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 dynamic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Disclosure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and submissions 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. Transa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction planning and structuring 12. Guidance 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 Cour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 19. Outsourcing of Service Tax compliance activities 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 corre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct feedback on provisions of law Services to the Government Services to Service Providers 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. = = = = = = = = = = = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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