Taxation Services including tax preparation and tax consulting. Taxation Services are not just about increasing the efficiency of customers’ tax procedures and cutting costs but more about augmenting the business value of organizations.
In India, there are experts who have extensive experience in tax preparation and handling tax compliance workload, reporting and meeting taxation return filing deadlines. Top technological solutions and financial services software are used for taxation services.
There are some Taxation Softwares used for Taxation Services:
- Creative Solutions’ Ultra-Tax
- Drake
- Intuit’s Lacerate
- ATX
- Intuit’s Pro Series
Some of the outstanding service tax issues that need resolution are:
- On the inter-sect oral credit adjustment of excises and service tax.
- On the refund woes.
- On the SEZ travails.
- On ITSS.
- On the rebate regime.
- On transactions between ‘associated enterprises’.
- On GST.
The major services that come under the ambit of Service Tax are:
- General Insurance
- Advertising agencies
- Stockbroker
- Consulting engineers
- Courier agencies
- Custom house agents
- Clearing & forwarding agents
- Steamer agents
- Air travel agents
- Rent-a-Cab Operators
- Tour operators
- Manpower recruitment Agency
- Architects
- Mandap Keepers
- Management Consultants
- Interior Decorators
- Practicing Chartered Accountants
- Underwriters Agencies
- Practicing Cost Accountants
- Practicing Company Secretaries
- Real Estates Agents/Consultants
- Private Security Agencies
- Credit Rating Agencies
- Market Research Agencies
- Scientific and technical consultancy services
- Convention
- Telegraph
- Photography
- Telex
- Online information and database access or retrieval
- Facsimile
- Video-tape production
- Sound recording
- Insurance auxiliary activity
- Broadcasting
- Telephone
- Port
- Banking and other financial services
- Authorized Service Stations
- Beauty parlors
- Auxiliary services to life insurance
- Leased circuits Services
- Cargo handling
- Event Management
- Storage and warehousing services
- Cable operators
- Health and fitness centers
- Rail travel agents
- Fashion designer
- Dry cleaning services
- Technical testing and analysis (excluding health & diagnostic testing) technical inspection and certification service
- Commercial vocational institute, coaching centers and private tutorials
- Maintenance & repair services
- Commission and Installation Services
- Business auxiliary services, namely business promotion and Support services (excluding
- on information technology services)
- Survey and Exploration of Minerals Services
- Franchise Services
- Internet café
- Out door Caterer’s service
- Transport of Goods by Air Services
- Airport Services
- Survey & Mapmaking Services
- Business Exhibition Services
- Opinion Poll Services
- Intellectual Property Services
- Mailing list compilation & Mailing Services
- TV or Radio Program Services
- Travel Agent’s Services other than Rail and Air travel agents
- Forward Contract Services
- Site preparation & clearance Services
- Transport of goods through pipe line or other conduit Service
- Dredging Services
- Cleaning Services
- Packaging Services
- Membership of Clubs & Associations