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Saturday, November 21, 2020 | History

4 edition of Structure and administration of sales taxation in India found in the catalog.

Structure and administration of sales taxation in India

Mahesh C. Purohit

Structure and administration of sales taxation in India

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  • 21 Currently reading

Published by Reliance Pub. House in New Delhi .
Written in English

    Places:
  • India
    • Subjects:
    • Sales tax -- India -- States.

    • Edition Notes

      Includes bibliographical references.

      Statementby Mahesh C. Purohit ; foreword by John F. Due.
      Classifications
      LC ClassificationsHJ5715.I4 P835 1988
      The Physical Object
      Paginationxiv, 312 p. ;
      Number of Pages312
      ID Numbers
      Open LibraryOL2513166M
      ISBN 108185047251
      LC Control Number87905323
      OCLC/WorldCa20171614

        First of all we need to understand how we have reached to a conclusion to implement GST and for that we need to know about the previous taxes that have been executed. Various taxes have been in place which are collected by central and state gover. prevailing in India. This book is to educate those people who want to get a basic knowledge of how to start business in India and what all taxes should be kept in mind while commencing the business. The readers of this book will be able to know the structure of each and every taxation departmentFile Size: 6MB.


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Structure and administration of sales taxation in India by Mahesh C. Purohit Download PDF EPUB FB2

Additional Physical Format: Online version: Purohit, Mahesh C. Structure and administration of sales taxation in India. New Delhi: Reliance Pub. House,   Indian Tax Structure. Tax structure in India is a three tier federal structure.

The central government, state governments, and local municipal bodies make up this structure. Article of the constitution states that “No tax shall be levied or collected except by the authority of law”.

The taxation system in India empowers the state governments to levy income tax on agricultural income, professional tax, value added tax (VAT), state excise duty, land revenue and stamp duty. The local bodies are allowed to collect octroi, property tax, and other taxes on various services like drainage and water supply.

Types of taxes. India Taxation and Investment (Updated February ) 1 Investment climate Business environment India is a federal republic, with 29 states and seven federally administered union territories; the country operates a multi-party parliamentary democracy system.

Parliament has two houses: the Lok. 2 Indian Tax System - An Overview TAXATION SYSTEM IN INDIA India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies. The process of rationalization of tax administration is ongoing in India.

Direct Tax Income Tax Securities Transaction Tax Indirect Tax GST Excise DutyFile Size: KB. Taxation structure plays an important role in country's development. India has a well-developed tax structure.

The power to levy taxes and duties is distributed among the three tiers of Government. Taxation Overview in India The tax structure in India is divided into direct and indirect taxes. While direct taxes are levied on taxable income earned by individuals and corporate entities, the burden to deposit taxes is on the assessees themselves.

On the other hand, indirect taxes are levied on the sale and provision of goods and services respectively and the burden to collect and deposit. Relative to other developing countries, the fact that India’s income tax comprises 5% of its GDP is due to the fact nearly % of the population is exposed to income taxation.

India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low. Taxation System in India India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies.

Central Government levies taxes on income (except tax on agricultural income, which the State Governments can levy), customs duties, central excise and service tax.

VAT was introduced value added tax (VAT) into the Indian taxation system from 1 April The existing general sales tax laws were replaced with the Value Added Tax Act () and associated VAT rules. A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted to stay out of VAT taxation system during the initial introduction.

FISCAL ADMINISTRATION, Tenth Edition, gives you the power to understand public finances as a participant who can put the process together, not just as a bystander. Administration; and Journal of Public Budgeting, Accounting, and Financial Management.

Mikesell is co-author of Sales Taxation, State and Local Structure and Administration Cited by: This paper seeks to provide a bird eye’s view of the taxation structure in India. The topics broadly covered here are Direct Taxes (Income Taxes) and Indirect taxes (At Central Government level Author: Bhavesh Savla.

principles of taxation. This is an overview chapter. Read it with the goal of gaining a broad understanding of tax purposes and principles. Although the history is interesting, for 1 Unit Introduction to Taxation our purposes, the sections on tax structure, types of tax, tax.

Mahesh C Purohit is the author of The Oxford Handbook of Tax System in India ( avg rating, 0 ratings, 0 reviews, published ), Structure And Admini.

The India’s indirect tax structure is weak and produces cascading effects. The structure was by, and large uncertain and complex and its administration was difficult.

As a result, various committees on taxation recommended ‘Value Added Tax’. Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.

Learn more about taxation in this article. The Concept Of Sales Taxation In India Sales tax is the most important revenue for the States in India. It can be defined as a tax on sale of goods. The liability to pay sales tax arises on making sales of goods.

Sales tax is levied on the sale of a commodity, which is produced or imported and sold for the first time. collective needs of public. “It has also to pay its own administration” 1. The government needs financial resources for these purposes and taxation is a tool or method of transferring money from private to public hands.

“Taxation is necessary because what the government gives it must first take away”. 2 TAXES IN ANCIENT INDIAFile Size: KB. In India, the system of direct taxation as it is known today has been in force in one form or another even from ancient times.

Variety of tax measures. The United States of America has separate federal, state, and local governments with taxes imposed at each of these levels.

Taxes are levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as varioustaxes collected by federal, state, and municipal governments amounted to % of the OECD, only Chile and Mexico are taxed. taxationofinputs,sbelievedto be widespreadevasion oftax; thishas resorted to use of checkpoints ontheroads, whichdelay complexCentral andstatepic.

Taxation - Taxation - Principles of taxation: The 18th-century economist and philosopher Adam Smith attempted to systematize the rules that should govern a rational system of taxation.

In The Wealth of Nations (Book V, chapter 2) he set down four general canons: Although they need to be reinterpreted from time to time, these principles retain remarkable relevance.

India has a well developed taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the local government organizations. In most cases, these local bodies include the local councils and the municipalities.

According to the Constitution of India, the government has the File Size: 81KB. Comparative Income Taxation presents a comparative analysis of some of the most important structural and design issues which arise in income tax systems. In complex national income tax systems, structural and design variations from one country to another present major obstacles to the kind of comparative understanding that economic globalization requires.

Tax ppt 1. Presentation on Taxation 2. History Income tax is today an important source of revenue for government in all the countries.

More than 3, years ago, the inhabitants of ancient Egypt and Greece used to pay income tax, consumption taxes and custom duties. Income-tax was first introduced in India in by James Wilson who become Indian’s first Finance Member.

A STUDY ON IMPACT OF GST AFTER ITS IMPLEMENTATION Milandeep Kour1, Kajal Chaudhary2*, Surjan Singh3, Baljinder Kaur4 1, 2, 4Department of Business Management, Eternal University, Himachal Pradesh, India 3Department of Mathematics, Eternal University, Himachal Pradesh, India Abstract: In today’s scenario we pay various taxes i.e.

Taxation in India The Indian Tax Structure is quite elaborate, with clear distinction in authority between Central, State and local governments. The taxes levied by the Central government are on income (other than tax on agriculture income which would be levied by the state government), customs duties, central excise and service tax.

The course fee for Certificate Course in Finance Accounting and Taxation ranges in average between INR 4, to 12, for a span of 1 year in India. Certification program enables students the ability to work in areas surrounding taxation, accounting, finance, marketing and much more.

Taxation is by and large the most important source in nearly all countries. According to the most recent estimates from the International Centre for Tax and Development, total tax revenues account for more than 80% of total government revenue in about half of the countries in the world – and more than 50% in almost every country.

We begin this entry by providing an overview of historical. Fundamental principles of taxation This chapter discusses the overarching principles of tax policy that have traditionally guided the development of tax systems. It then provides an overview of the principles underlying corporate income tax, focusing primarily on the taxation of cross-border income both.

Arthasastra. It is remarkable that the present day system of taxation is in many ways similar to the system of taxation given by Kautilya years ago. INITIAL PERIOD () Income tax in its modern form was introduced in India for first time in by the British Government to overcome the financial crisis following theFile Size: KB.

The tax rate structure is the percentage of the tax base that must be paid in taxes. For example if you pay 35% of your income in taxes, then your income is the tax base, and 35% is the tax rate structure.

The tax base can either be a stock measure (property, inheritance) or a flow measure (income, sales).File Size: KB. TAXATION FOR DEVELOPING COUNTRIES EHTISHAM AHMAD and NICHOLAS STERN*,The London School of Economics Contents 1. Introduction Scope and structure of the chapter The role of government Other public activities Stabilisation Other issues sales taxes, VAT and the like) which provide a far.

TAXATION SYSTEM IN INDIA India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies.

Central Government levies taxes on income (except tax on agricultural income, which the State Governments can levy), customs duties, central excise and service tax.

Value Added Tax (VAT), (Sales tax in States where. India is a signatory to the Paris Convention for the Protection of Industrial Property and the Patent Co-operation Treaty, and it extends reciprocal property arrangements to all countries party to the convention.

The convention makes India eligible for the Trademark Law Treaty and. The Public International Law of Taxation focuses on critical aspects of international taxation from the perspective of public international law.

The spectrum of this perspective is wide in its coverage, shedding light on the interface between domestic taxation and international law, thus providing the research and analytical tools for tax experts to understand the dimension of public.

questions on taxation that have always been raised by the general public. The Handbook clearly outlines the structure of Uganda’s tax system, the different taxes paid,the taxpayer’s obligations and the different ways in which the aggrieved taxpayers may seek redress.

We hope this handbook, helps you to further understand taxation in Uganda. Book Description: Taxes are a crucial policy issue, especially in developing countries. Just recently, proposals to raise middle-class taxes toppled the Bolivian government, and plans to extend or increase the value-added tax caused political unrest in Ecuador and Mexico.

[Show full abstract] decisions are in Indian context, taxation structure in India is an integral part of it. Sound knowledge about the country’s tax policy helps in decision : Shilpa Parkhi. Pakistan’s Taxation System Federal taxes in Pakistan like most of the taxation systems in the world are classified into two broad categories, viz., direct and indirect taxes.

A broad description regarding the nature of administration of these taxes is explained below: Direct Taxes. In a federal form of government, the state government is the government of a country’s subdivisions and shares political power with the national government.Money › Taxes Tax Structure: Tax Base, Tax Rate, Proportional, Regressive, and Progressive Taxation.

The tax structure of an economy depends on its tax base, tax rate, and how the tax rate varies. The tax base is the amount to which a tax rate is applied. The tax rate is the percentage of the tax base that must be paid in taxes.

To calculate most taxes, it is necessary to know the.What is tax written down value? Value-added tax 'Structure and administration of sales taxation in India' -- subject(s): Sales tax, States Book Value: It is the value of item at time of.