All Direct and Indirect taxes accompanied by tax laws, accounting, auditing and tax returns, can be abolished if a new tax system called “TOP Tax system” is adopted and implemented by all nations. Ultimate economic reforms will relieve 7 billion people of the world from the cobweb of ambiguous and complex tax structures, plethora of tax laws, mandatory and cumbersome accounting, auditing, tax returns and consequent quagmire of all tax related cases. http://taxationreforms.com
we can handle our customers’ complete requirements related to central and state indirect taxes including central excise, customs, service tax, VAT, luxury tax, entertainment tax, DGFT, indirect tax compliance audit, etc. http://www.s3solutions.in/indirect-taxation-services/
Indirect taxes are booming. As they work to bring public finances under control, governments around the world are increasing VAT, excises and other indirect taxes. In the past, companies could afford to see indirect tax as an administrative issue. But the scale of the challenge has now become so great that many are rethinking this approach. A critical element of this change is ensuring that there is much closer coordination between the tax function and the business. #EY
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…
We offer our services in respect of handling litigation related matters, in respect of central indirect taxes such as service tax, central excise duty and customs, State indirect taxes such as VAT, entry tax, luxury tax, etc., and the direct taxes such as income tax.