One of the primary sources of government revenue is “tax” that helps in smooth functioning of a country’s economy. Tax is imposed on physical as well as non-physical items and this is where indirect taxes comes into the picture; they are valid for both goods and services. VAT, customs duty, excise duty, and CST are charged … Read more
Service tax is paid by the service provider or the recipient of services in some cases.When service tax was introduced it was applicable only on few services.But,with the passage of time almost all services have been brought in the service tax net.Now,only the services mentioned in the negative list of services as provided by government, … Read more
Since the past few years there has been a tremendous increase in the internet and mobile app users leading to the fast growth of the e-commerce industry.Further,driven by robust investors and funding these web based small businesses have turned into magnificent giants. In the aggregator model of business it was not easy for the government … Read more
Monday,29th Feb 2016 the Finance Minister Mr.Arun Jaitley presented his 3rd Union budget,a budget that was being awaited with bated breath by different class of people . There had been various pre budget discussions and seminars portraying the numerous demands and proposals from the common man,the tax experts and the politicians.People had huge expectations that FM … Read more