https://www.taxtmi.com/article/detailed?id=1135 Recommend rationalizing indirect tax mechanics: peg petroleum taxation in absolute terms to avoid cascading; curb burdensome reporting; permit R&D concessions; treat peripheral infrastructure as part of factory; allow provisional assessment and interest free warehousing; and rationalise customs penalties. In service tax, avoid major changes pending GST but redraft ambiguous provisions-clarify point of taxation, pure agent treatment, import of services reverse charge, software classification, works contract coverage and expand cenvat definitions and full credit services to reduce litigation and simplify compliance. en-us Tue, 15 Feb 2011 23:20:34 +0530 Sat, 14 Sep 2013 23:02:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1135 Recommend rationalizing indirect tax mechanics: peg petroleum taxation in absolute terms to avoid cascading; curb burdensome reporting; permit R&D concessions; treat peripheral infrastructure as part of factory; allow provisional assessment and interest free warehousing; and rationalise customs penalties. In service tax, avoid major changes pending GST but redraft ambiguous provisions-clarify point of taxation, pure agent treatment, import of services reverse charge, software classification, works contract coverage and expand cenvat definitions and full credit services to reduce litigation and simplify compliance. Articles Budget - Tax Proposals Tue, 15 Feb 2011 23:20:34 +0530 https://www.taxtmi.com/article/detailed?id=1135