Rate Structure under GST
by GST has been structured in a way that essential services and food items are placed in the lower tax brackets, while luxury services and products …
Category: Management Notes
Management Notes of Various Universities across india
Procedure for obtaining Registration Certificate
The following documents are required for obtaining service tax registration in India: Self-attested copy of the PAN Card of the Proprietor or Company or LLP …
Concept of IGST, CGST, SGST and its calculation
To determine whether Central Goods & Services Tax (CGST), State Goods & Services Tax (SGST) or Integrated Goods & Services Tax (IGST) will be applicable …
VAT: Introduction, Meaning, Features, Merits, Demerits
VAT: Introduction, Meaning, Features, Merits, Demerits
VAT: Tax Calculation, Difference from Sales Tax, Value addition
VAT is a tax charged by respective State Government on sales made in intra state transactions (within the state transactions). Example: Dealer ‘A’ sold goods …
Different forms for VAT, VAT Refund
Types of Value Added Tax (VAT) The types of VAT are determined on the basis of treatment of capital goods of a firm. Input tax …
Importance of CST Act 1956, Various Provisions
Importance Extent and commencement of the Central Sales Tax Act 1956: It extends to the whole of India. It is divided into 6 chapters and …
CST Calculations
Formulation of Principles for determining when a Sale or Purchase of goods takes place in the course of inter-State trade or commerce or outside a …
Rates of Service Tax and its calculation
We know that after implementation of GST w.e.f 01.07.2017, service tax no longer exist. However audit and assessment of service tax cases continues even after …
Meaning and Types of Indirect Taxes
Indirect tax is not directly levied on the taxpayers. This tax is often levied on goods and services which results in their higher prices. A …
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