Indian Value Added Tax
The Government of India has excogitated “Value Added Tax (VAT)” on the sale of goods to provide a set-off for the tax already paid through a mechanism of input tax credit. This input tax credit in...
Service Tax is an indirect levy imposed under Chapter V of the Finance Act, 1994 as amended. The tax is applicable to services specified in the chapter called “taxable services”. At present the rate ...
Laws of anti – dumping in India
Laws of Anti-dumping in India
Dumping is said to have taken place when an exporter sells a product to India at a price less than the Normal Value of ‘like articles’ sold in the domestic market of the exporter. Howev...
Taxes in India are of two types, Direct Tax and Indirect Tax. Direct Tax, like income tax, wealth tax, etc. are those whose burden falls directly on the taxpayer.
The burden of indirect taxes, ...
Custom law and procedures:
Customs duty is a tax which the State collects on goods imported into or exported out of the boundaries of a country. Customs duties now form a significant source of revenue for all countries, mor...
Central Excise duty is an indirect tax levied on goods manufactured in India. Excisable goods have been defined as those, which have been specified in the Central Excise Tariff Act as being subjected to the d...