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The purpose of this article is to throw light on the cascading effect of taxation present in India and its impact and the possible remedy for the issues arising from the same. The main objective of any taxation in any part of the world is obviously not to levy tax on taxes or in simple words to avoid cascading effect. Cascading effect of tax is one of the major distortions that had crept into Indian taxation. In India, taxes are multi-layered as the central Government levies taxes like...

This category covers information technology, IT enabled service and telecommunication industry. Today businesses are done in various complex manner through different jurisdictions in different countries.  

They could be : Software and hardware supply, turnkey contracts, Build Operate Transfer, Build Own Operate and Transfer, software as a service, professional supply service are different modes of doing business. The dominant motive of the transaction, applicability of aspect theory,...

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 the central Customs, Central Excise & Service tax offices is still a great cause of concern. The target based tax administration has also forced tax officers to be very aggressive and the...

Many of us, CAs in practice as well as employment, are very busy and find it difficult to achieve a worklife balance. We do all the work ourselves for a variety of reasons. We have no time for recreation, family or training ourselves. Our bosses/ clients are satisfied with our work, but we wish we had a little more time. There are a lot of jokes on our lack of humour and creativity.    

All of us know that free time could be possible if the work was delegated down the line. This is...