As you know that there are two classifications of tax systems in our country. These are direct and indirect taxes. Thus, a service tax is an indirect tax under this classification of the taxation system. The service tax was issued under the Finance Act of 1994.
Are you a trader? The Government of India has announced GST (Goods and Services Tax) on July 1, 2017. It is a biggest indirect tax of India. Since the GST has announced, all the businessmen - Wholesalers, Retailers or Importer and Exporter, they all are worried about how it will affect on their business. you must know these advantages of GST. Follow the link for details.
Exploring Indirect Tax Laws - Central Excise Law Customs Law and Service Tax (Set of 3 Vols) [FOR NOV 2016 EXAMINATION (With Free CD)]
Alchemist Consultants, the tax advisory company is being considered as one stop for a Direct or Indirect tax accounting services, #ZohoActivation, #ZohoSetup. Our mission is to provide all solutions related tax services.
The Chancellor cancelled a fuel duty increase planned for the autumn of This would have added about to the cost of a litre of petrol or diesel. If the rise had gone ahead, it would have cost motorists about in extra fuel duty and VAT.
CITN, ACCA sign MOU for advancement of accountancy, tax profession
Public Finance (Part-II) PUBLIC FINANCE A. Tax revenue It consists of the proceeds of taxes & other duties levied by the government. The various taxes that are imposed by a government can be categorised into two groups. 1.Direct Taxes 2.Indirect Taxes 1. Direct taxes Direct Taxes are those taxes which are paid by the same person on whom they have been imposed. Tax burden cannot be shifted on to others. Example- Income Tax wealth tax. 2. Indirect taxes Those taxes whose burden…