AREAS OF PRACTICE
Goods & Services Tax
Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging most of the existing taxes into single system of taxation. It was introduced as The Constitution (One Hundred and First Amendment) Act 2016. The GST is governed by GST Council and its Chairman is Union Finance Minister of India Arun Jaitley… READ MORE
Central Excise
Central Excise Duty is levied on a manufacturer or producer in respect of the commodities produced or manufactured by it, with intention to sell or proceed to sale of those particular goods. The department of revenue of the ministry of finance exercises control in matters relating to all indirect taxes through statutory board named the Central Board of Excise and Customs [CBEC]… READ MORE
Service Tax
Service tax is a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules, 2011 from the person liable to pay service tax. Person liable to pay service tax is governed by Service Tax Rules… READ MORE
VAT
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally, based on the surplus value, added to the price on the work at each stage of production, which is usually implemented as a destination-based tax, where the tax rate is based on the location of the customer… READ MORE
