Mr AP Kala Principal/Lead Consultant



Mr. AP Kala, Tax Quotient’s Principal/ Lead Consultant, will provide guidance and advice on all tax related technical and legal matters. 
 
Mr.  A.P.  Kala,  joined  the Indian Revenue Service in  August  1973  and  had  a  very illustrious Government career spread over 36 years in the Union Ministryof Finance.  During  these years he  successfully served in various critical roles relating to tax policy, administration and enforcement.
 
The more notable among the various positions he held include:
 
1.Special  Secretary,  Ministry  of  Finance  &  Director  General  Central Economic Intelligence Bureau;

2. Director General Revenue Intelligence, Department of Revenue;

3. Chief Commissioner of Customs;

4. Special Director, Enforcement  Directorate  [enforcing the Foreign Exchange Management Act,1999  (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA);

5. Deputy Director General Narcotics Control Bureau 3. Chairman of the Working Group on Enforcement of the World Customs Organization.

6. Led and participated in Indian delegations to various bilateral, Regional,multilateral and UN Conferences.

7. Visiting faculty at various academies including :

a)The National Academy of Customs Excise and Narcotics
b)The National Police Academy
c)The CBI Academy
d)The National Academy of Direct taxes
e)The  Indian  Institute  of  Foreign  Trade  and  numerous  other  training institutions.

 

------------------------------------------------------------------------------------------------------------------------

 

 

 

AF

Anthony Fernandes, Founder Tax Quotient

 

Anthony Fernandes is a tax specialist with over three decades of experience particularly in indirect taxation. He cut short his successful tax career in the corporate world to realize his long term desire to set out on his own and reach out to a larger number of tax payers.

Having begun as an Inspector in the Central Excise & Customs, Ministry of Finance, GOI, he quickly moved over to the industry. Since then he served several Indian and multinational companies to formulate tax policies and strategies to meet financial and governance goals. To set standards aimed at 100% compliance while getting the best out of tax and his team. His aim always was 100% tax compliance while balancing tax optimization, tax risk management and compliance costs.

He has held various roles including as Group Head and Sr. VP of Indirect Taxation at Essar Group, Sr. VP & Head of Taxation & Regulatory at Essar Steel India Ltd., Head of Taxation in Castrol India Ltd., Mumbai and Excise Manager at Asian Paints India Ltd. apart from the initial stint in the Ministry of Finance.

His areas of expertise includes :

  • Interpretation of tax legislation and foreign trade policy
  • Structuring transactions tax efficiently within the framework of the law
  • Defining and introducing internal controls (IT driven controls) to ensure accurate tax processes and reporting.
  • Defending client organizations against various tax proceedings in several complex cases and litigation upto Supreme Court effectively including appearances  before adjudication and appellate authorities upto Tribunal.
  • His experience covers major sectors including steel, oil & gas, power, projects, aviation, shipping, lubricating oils, paint industry and pharmaceuticals.

Represented his organizations before the Central and State Government on tax law changes and clarifications including the CBEC. Anthony served on various Committees and also was involved in other  activities. They include :

  • Member of Indirect Tax Committee of Bombay Chamber of Commerce & Industry and  Member of EXIM Committee CII
  • Member of the National Committee of the CII for implementation of GST in India.
  • Member of CII’s National Committee for GST
  • Ex-Chairman, Indirect Tax Committee of Indian Paint Association (1994-2003) and led many industry representations to the Senior Officials in the Min of Finance.
  • Was a regular faculty training Excise Officers at the National Academy for Customs, Excise and Narcotics, (NACEN), MoF, Mumbai

GST A Brief Presentation dated 6th April, 2017

Click Here

The Finance Act 2017 comes into effect from 31st March 2017

All changes introduced through various sections in Central Acts, through the Finance Bill will therefore take effect from 31st March, 2017 unless specified.

A New Feature :

Advanced Case Law Search

 

7th April, 2016

The “Advanced Case Law Search” feature in TaxQuotient  enables search on separate parameters such as Court, Tax Type, Date (from & to Range), appellant, respondent and even keywords. This helps you in locating case law you are searching for swiftly.

TIP: #1 : If you want to view the latest cases, just enter the start and end dates keeping all other boxes blank. You will get a list of all available indirect tax cases during that period.

TIP # 2 : Please keep the date range (start to end date) for upto 6 months.

TIP # 3 : Don't forget to reset the search to clear the earlier results before a new search.

Click to enter Advanced Case Law Search

 GST Bill passed by Parliament

 

 

 

The 122nd Constitution Amendment Bill introduced in Parliament in December 2014 has been passed by the Rajya Sabha and now also by the Lok Sabha with the amendments.  Now the Bill must get ratified by at least half the number of 31 State Legislatures which means 16 States and then finally get the approval from the President.

Thereafter the GST Council has to be set up which will determine the GST design at the granular level. This will include the structure of GST including scope of CGST, SGST and IGST, the taxes subsumed, the items/commodities covered and other critical aspects such as the threshold limits for taxability, exemptions, and several other parameters critical for an ideal  GST.

Further, for the GST to operate smoothly, the taxes paid on goods and services at every stage in the value chain needs to be tracked. This requires an IT infrastructure which will track the transactions and taxes paid and form the back-bone of GST. Reportedly considerable work has been already done on it, nevertheless it will need changes to correctly reflect the GST Law proposed by the GST Council and accepted by the Central & State Legislatures.

Last but not the least,  the tax authorities and other stakeholders who will implement the GST need to be trained for a smooth introduction.

Seven questions to know if you 

are paying taxes 

correctly?

If you are the CFO or the Tax Head you ought to read this. Click Here

CESTAT rejects appeal, holds - sample testing a must as importer didn't produce any certificate

On 7th April, 2017 in Maa Bhagwati Coke Vs CC,Jamnagar, CESTAT Ahmedabad rejected the appeal for exemption on imported coal claiming the ash content was <12% and distinguished a SC judgment relied upon by the appellant. The Tribunal held that on testing the coal samples, the report confirmed ash content at 13.1% also the test was necessary saying:

"....it is seen that the appellant have relied on the decision of Honble Apex Court to assure that there was no reason to get the coal tested. However, in the said case, the importer had produced a certificate of CASCOs regarding the ash content of the imported coal. In the instant case, the record shows that no such certificate was produced. In absence of the certificate, it was necessary to get the sample tested in view of the claim of notification by the appellant."

CESTAT Updates

June- July 2016

 

Brief update on CESTAT judgements passed during June 2016 to July 2016. Please note this update is not a summary of the cases but only leads on important issues decided. The links to the judgments are also provided for the full text.

Click here for update

Our Main Services 

in Indirect Taxes

 

  • Business structuring and tax planning
  • Review of end-to-end business processes for indirect taxes
  • Strategy to prevent litigation, representation and litigation support
  • Tax compliance and tax control framework
  • Support on specific issues
Go to top