Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 23. Chapters: Goods and Services Tax, History of the British salt tax in India, Income tax in India, Indian Revenue Service, Permanent Settlement, Central Excise, Central Board for Direct Taxes, Tax Deducted at Source, Domestic tariff area, Customs, Excise and Service Tax Appellate Tribunal, Ryot, Central Board of Excise and Customs, VDIS, Directorate General of Anti-Evasion, Permanent account number, Direct Taxes Code, States of India by tax revenues, National Academy of Customs Excise and Narcotics, Tax Deduction Account Number, Revenue stamps of India, Excise Academy and Research Centre, Fringe Benefits Tax, Dividend distribution tax, Indian Income Tax Act, 1961, Chauth, National Academy of Direct Taxes, Directorate General of Income Tax Investigation, Assam General Sales Tax. Excerpt: The Goods and Services Tax (GST) is a value added tax to be implemented in India by April 2012. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments. It is aimed at being comprehensive for most goods and services with few tax exemption. India is a federal republic, and the GST will thus be implemented concurrently by the central and state governments as the Central GST and the State GST respectively. Exports will be zero-rated and imports will be levied the same taxes as domestic goods and services adhering to the destination principle. 115th Constitutional Amendment Bill, 2011 (qBillq) was put before the Parliament by the Finance Minister on 22 March 2011. In its current state, the Constitution of India does not provide concurrent powers of taxation to the Union and the States. The Bill proposes to amend the Constitution to empower the Union and States to frame laws for levying goods and service tax (qGSTq) on transactions involving the supply of goods and services. The Bill is thus a cruci...Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.
|Title||:||Taxation in Indi|
|Publisher||:||Books LLC, Wiki Series - 2010-09|