taxation process

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    Service Tax

    Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on any service which is not included in the list of taxable services. Over the past few years, service tax been expanded to cover new services. The objective behind...
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    SALES TAX

    SALES TAX /OUTPUT TAX Sales tax is a tax which is payable on sales of goods. It covers al types of sales, normal, deemed sales, that is: Transfer of property in goods, in terms of Sale of Goods Act (normal sale) Work Contract Lease Hire purchase, installments, etc. Any dealer engaged...
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    NATURE OF VALUE ADDED TAX

    Nature Of Value Added Tax. In VAT system, the first seller will pay the first point tax and subsequent sellers will pay tax only on the value addition done by them – resulting into a total tax burden usually equal to the last point tax. The tax will be charged on sale and purchase of goods...
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    Project on Service Tax

    Hello Friends, I am Urmil Ajmera & am currently doing MBA. I require a project on Service Tax. Anybody who can help me with this? Its really very urgent. Thanx a lot. Bye.
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