TYPES OF TAXES IN INDIA DIRECT TAXES Income tax Wealth tax Property tax etc. INDIRECT TAXES Sales tax Vat Excise duty Custom duty etc. IN ACCORDANCE WITH THE CONSTITUTION…

1. V ALUEA DDEDT AX A Presentation by Santosh. B MBA STUDENT – 2007 Batch PSG INSTITUTE OF MANAGEMENT, TAMIL NADUIndia’s Biggest Tax Reforms in the last 50 years… 2.…

Slide 1 Slide 2 1]What is value Added Tax or VAT A new form of indirect Tax. A new form of indirect Tax. Replaces sales Tax. Replaces sales Tax. It Taxes only the value added…

Slide 1Belize General Sales Tax (GST): Presentation on GST Legislation Slide 2 What do all these concepts mean? A broad-based, multi-stage transaction tax on value added…

Liable to Business Tax (Requisites) 1) Regular/Habitual  More than 1 isolated transaction  Repetition & continuity of action Exception to regularity (NOT regular…

By CA. Ravindra R. Manek INPUT TAX CREDIT UNDER GUJARAT VAT At Jamnagar Branch of WIRC of ICAI On 23rd November, 2013 Introduction � VAT = Value Added Tax = Tax on Value…