Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT Audit
 
 
« Service Tax »
 GST delay to impact Budget
 If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley
 India’s E-Service Tax Will Add To Foreign Content Providers’ Woes
 GST Council to discuss model laws, tax jurisdiction today
 Tax Invoice Under GST
 Insurance may fall under 12% tax slab in GST, from 14% service tax currently
 GST draft makes it must for companies to pass tax benefit to consumers
 To speed passage, Government plans GST Bills as money Bills
 No service tax on train tickets booked through IRCTC till December 31
 GST Council meet postponed to December
 Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitleya

Move to tax Comptroller and Auditor General scuttled
June, 25th 2012

A smart Alec move by certain field offices of Central Excise and Customs Department to recover service tax from none other than the Comptroller and Auditor General(CAG) of India has been nipped in the bud.

Some offices of this department which also covers service tax, had initiated steps towards charging the levy from CAG-a constitutional authority- for auditing the accounts of certain government organizations for which it charged a fee. An alarmed Central Board of Central Excise and Customs (CBEC) that governs the department soon came up with a notification clarifying that CAG could not be taxed. Lately CAG is in limelight for bringing to fore massive scams like coal block and 2G allocations.

CAG, which conducts audits in government departments across the board, also does it for certain state government corporations. It charges a fee from the latter. These are road service corporations and local bodies where audit is conducted under a legal mandate. At times, there is no other agency to audit the accounts in such body. The fee is basically salary payable to the audit team deployed in the organization for the period, the Accountant General for Maharashtra J S Kharpe told newspersons here. He stressed that, the audit fee was not the means to sustain CAG operations.

The CAG's department in Nagpur pleaded ignorance about field offices in other centres carrying out a similar exercise. Senior officials including the chief commissioner of customs and central excise were not available for comment. However, sources in the field of taxation practice say it was one of the audit objections raised on the department's operations that kicked off the move. Some officials thought of taxing a constitutional authority in retaliation. CAG officials, however, deny knowledged of any such link.

The offices which were gearing up to recover service tax from CAG also included one in Nagpur. However, within a fortnight, CBEC scuttled the move. The clarification says CAG cannot be included in the definition of a practising chartered accountant so as to cover the audit conducted by this agency into a taxable service. "CAG being a constitutional authority by no stretch of imagination can be considered as a concern similar to a chartered accountancy firm," reads the clarification issued on June 19.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions