TAXATION - INDIRECT TAX

TAXATION - INDIRECT TAX

TAXATION - INDIRECT TAX

The Tax system in India is mainly a three tier system which is authorizes the Central, State Governments and the local authorities to impose taxes on goods, services, property, business tax in India etc. Taxes are the basic source of revenue to the Government using which it provides various kinds of services to the tax payers. Taxation majorly includes Direct and Indirect Taxes.

Taxation Law in India covers all the policies, rules regulations governing the taxation process in the country. These include taxes such as income tax, sales tax, tax on foreign company, withholding tax, tax residency certificate, excise registration tax, service tax registration, employee tax, tax on foreign company, corporate tax, import duty, transfer pricing etc. Most of these taxes are levied by the gIndirectovernment at the Centre and the States. A Taxation lawyer will be able to defend you if a tax authority accuses you of under-reporting your taxes, and if you are in violation of any tax law. Consult Our legal Experts for Issues about Income Tax, Service tax advice, planning, appeals,VAT, FEMA, tax appeals before courts, tribunals,corporate law and Etc.

INDIRECT TAX

Indirect Taxes are the charges that are levied on goods and services rather than individuals and are ultimately paid by consumers in the form of higher prices. Important Indirect taxes are:

Service Tax

Service providers in India are subject to service tax, which is charged on the aggregate amount received by the service provider. Services like leasing, internet/voice, transport, etc are subject to service tax.

Custom Duty

Custom duties are Indirect taxes which are levied on goods imported to/exported from India. There are different rules for different types of goods and sectors. Government keeps on changing these rates so as to promote import/export of specific goods.

Excise Duty

Excise duties are Indirect taxes which are levied on goods manufactured in India for domestic consumption. Like custom duty, there are a number of rules which keep on changing as per government discretion.

Sales Tax and VAT

Sales tax is levied by the government on sale and purchase of products in Indian market. As customers, whatever you buy from the market, you pay sales tax on it. Now, sales tax is supplemented with new Value Added Tax so as to make it uniform across country.

Security Transaction Tax (STT)

STT is levied on transactions (sale/purchase) done through the stock exchanges. STT is applicable on purchase or sale of various financial products like stocks, derivatives, mutual funds etc.

Municipal Tax

Municipal Corporation in every city imposed tax in terms of property tax. Owner of every property has to pay this tax. This tax rate varies in every city.

Entertainment Tax

Tax is applicable on Entertainment; this tax is imposed by state government on every financial transaction that is related to entertainment such as movie tickets, major commercial shows exhibition, broadcasting service, DTH service and cable service.

If there arise any disputes in respect of Indirect Tax, its imposition etc, it provide for various forum for redressal of the said disputes.

Our firm will undertake all Tax litigations matters before Income Tax Authorities, appellate Tribunals, High Court and Supreme Court of India for disputes mention below

  • Service Tax disputes
  • Custom Duty disputes
  • Excise Duty disputes
  • Sales Tax disputes
  • Value Added Tax (VAT) disputes
  • Security Transaction Tax (STT) disputes
  • Municipal Tax disputes
  • Entertainment Tax disputes

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