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Monday, May 18, 2020 | History

3 edition of Incidence of indirect taxation in India, 1973-74 found in the catalog.

Incidence of indirect taxation in India, 1973-74

Raja Jesudoss Chelliah

Incidence of indirect taxation in India, 1973-74

by Raja Jesudoss Chelliah

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Published by National Institute of Public Finance and Policy in New Delhi .
Written in English

    Places:
  • India.
    • Subjects:
    • Indirect taxation -- India.

    • Edition Notes

      Includes bibliographical references and index.

      Statement[Raja J. Chelliah and Ram N. Lal].
      ContributionsLal, Ram N., joint author.
      Classifications
      LC ClassificationsHJ2929 .C45
      The Physical Object
      Pagination103 p. ;
      Number of Pages103
      ID Numbers
      Open LibraryOL4078340M
      LC Control Number79903674

        View: Much thought has gone into India’s unique GST design 01 Jul, , AM IST First and foremost was the fact that the taxation powers of indirect taxes were divided between the states and the Centre. A study of incidence of indirect taxes in India. The study estimates the incidence of major indirect taxes. It includes customs duties, and union excise duties levied by the Union Government and sales taxes levied by the State Governments.

      CHAPTER 6 DIRECT AND INDIRECT TAXES A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government, a payment exacted by legislative authority. A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority".File Size: 81KB. ADVANCED TAX LAWSADVANCED TAX LAWS AND AND PRACTICEPRACTICEPRACTICE MODULE 3 PAPER 7 ICSI House, 22, Institutional Area, Lodi Road, New Delhi tel , fax + email [email protected] website

      Answer 2 Direct taxes are the taxes for which the liability and the incidence of tax lies on the same person,whereas,in case of indirect taxes, the liability and the incidence of the tax . The Tax has been divided into two types such as Direct Taxes and Indirect Taxes. (A) Direct Taxes: Direct taxes are those taxes which are paid by the same person on whom it has been imposed. The impact and incidence of tax fall on the same person, because the tax burden cannot be shifted to others. Direct taxes include the following Size: 98KB.


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Incidence of indirect taxation in India, 1973-74 by Raja Jesudoss Chelliah Download PDF EPUB FB2

Incidence of indirect taxation in India, New Delhi: National Institute of Public Finance and Policy, [pref. ] (OCoLC) Document Type: Book: All Authors / Contributors: Raja Jesudoss Chelliah; Ram N Lal.

Value added tax has also continued to be the most important source of revenue in the States tax system, including that of Uttar Pradesh. It needs no emphasis that there are many indirect taxes in the States tax system which are not giving any kind of tax credit to the traders, this leads to increasing cost of production for the producers, distributors and consumer on the tax : Indu Upadhyay.

LIST OF PRICED PUBLICATIONS 1. Incidence of Indirect Taxation in India R.J. Chelliah & R.N. Lal () Rs 2. Incidence of Indirect Taxation in India R.J. Chelliah & R.N. Lal (Hindi Version) () Rs   For taxation purpose, a company is treated as a separate entity and thus must pay a separate tax different from personal income tax of its owner.

Companies both public and private which are registered in India under the companies act are liable to pay corporate tax. What is Indirect Tax. As the name suggests, 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 few examples of indirect taxes in India include service tax, central excise and customs duty, and value added tax (VAT).

It is an indirect tax Incidence of indirect taxation in India and collected on the goods manufactured in India. Generally, manufacturer of goods is responsible to pay duty to the Government.

This indirect taxation is administered through an enactment of the Central Government viz., The Central Excise Act, and connected Rules - whichFile Size: 67KB. different aspects of indirect taxes. Indirect taxes are also known as commodity taxation.

The impact and incidence of indirect taxes may be on different persons and that’s why the burden of indirect taxes can be shifted.

A fixed proportion of the taxes collected by the Centre devolve to the states, based on the recommendationsFile Size: KB. Our team comprises over indirect tax professionals across India, spread over offices in 8 major cities of the Country. We provide comprehensive advice and assistance on various indirect tax levies including Goods and Services Tax (GST) and Customs duty.

We offer expert advice on all aspects of the foreign trade policy, free trade agreements. every tax in India is backed by its respective accompanying law passed by either parliament or state legislative councils. In India, the taxes are classified as Direct Taxes and Indirect Taxes.

2) USA: The United States of America is has its autonomous state and local governments. It is a federal republic country. Taxes in USAFile Size: KB.

Indirect tax-mop up risen, for the first fiscal half. Revenue collection driven by the Government within the period of April to October witnessed mop-up of indirect tax at a whopping % while direct taxes were in at %.

The sum of both the direct and indirect taxes came up to an impressive Rs lakh crore. DIRECT AND INDIRECT TAXES - Statistical Year Book India DIRECT AND INDIRECT TAXES.

Revenue Realisation From Direct Taxes. Revenue Realisation From Indirect Taxes. Revenue Realisation From Direct and Indirect Taxes. Direct Taxes (Income Tax & Other Taxes) Collections-Pre Assessment And Post Assessment Scenario.

GST is one of the biggest indirect tax reforms in the Country. GST is a comprehensive indirect tax levied on manufacture, sale and consumption of goods as well as services at the national level.

It has replaced all indirect taxes levied on goods. Taxable income – Tax is imposed on a company’s profits, which consist of business/trading income, passive income and capital gains. Income resulting from the indirect transfer of assets located in India is included.

Normal business expenses, as well as other specified items, may be deducted in computing taxable income. INTRODUCTION Indirect Tax is a tax collected by an individual by ‘indirect means[1]’ in a pecuniary term on his sale and purchase by the authority of law under Indian constitution[2].

Indirect tax is one of the branch of tax laws and another is direct tax. Indirect tax is also known as consumption tax because they.

Tax incidence on an assessee depends on his residential status. For instance, whether an income, accrued to an individual outside india, is taxable in india depends upon the residential status of the individual in india.

Similarly, whether an income earned by a foreign national in india (or outside india) is taxable in india,File Size: 4MB. Indirect taxes India PDF Download – Economics Indirect tax is a type of tax collected by the government from an intermediary such as manufacturer or retailer.

The eventual burden of the tax falls on to consumers who buy goods and services from the intermediary, as the intermediary applies indirect taxes on the product in the form of Value. This paper reconsiders some of the traditional arguments made against indirect taxes on consumption.

Such taxes, despite the extensive criticism to wh Cited by: Objective of this book is to explain the income tax administration in India. Topics covered includes: Study of the Income-Tax, Heads of Income, Tax audit, Indirect Tax, Assessment of Tax Payable.

The Income-tax Act, is the charging Statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. Class – VI Sem. (All) Subject – Indirect Ta Anurag Nagar, Behind Press Complex, Indore (M.P.) Ph.:2 Unit I Central Excise Duty is an important source of revenue for Govt.

of India. Revenue received from Central Excise about 2 Lac Crores Stands in second rank after Income TaxFile Size: 1MB.

The taxes are generally classified into direct tax and indirect tax. Direct Tax: A direct tax is paid directly by an indivi-dual or organization to an imposing entity. The direct tax is a type of tax where the incidence and impact of taxation falls on the same entity. It means brunt 1 CHAPTER INDIRECT TAXES IN INDIA: PRE-GST ERA.

This paper seeks to provide a bird eye’s view of the taxation structure in India. The topics broadly covered here are Direct Taxes (Income Taxes) and Indirect taxes (At Central Government level Author: Bhavesh Savla.

Indirect tax is a levy where the incidence and impact of taxation do not fall on the same entity. The burden of tax can be shifted by the taxpayer to someone else. Indirect tax has the effect to raising prices of products on which they are imposed.ICAI - The Institute of Chartered Accountants of India set up by an act of parliament.

ICAI is established under the Chartered Accountants Act, (Act No. XXXVIII of ).