Indirect Tax And Ftp Consultants

By Author: Anurag kumar
Total Articles: 490
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What is Indirect Tax?
First of all, let's discuss what does Indirect Tax means - It simply means it is collected by one entity producer or retailer and paid to the government in a consumer view it is a purchase price of goods or service in this consumer is paying the tax by paying more for the product. It is been defined as the taxation on the individual which is paid for by another person the entity that receives the tax is paid to the government. Indirect Tax consultants in Bangalore are involved in undertaking Indirect tax services owing to our specialization efficiency and commitment towards quality services are widely appreciated by our valuable customers. Further, these services are executed by our professionals as per the client's demands and requirements the services include various tax consultants in Bangalore the services listed below
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1. Assistance under the Legacy Indirect Tax Laws in India
2. Representing before the tax authorities and reply to various notices
3. Litigation support services for High and Supreme court matters by assisting the company
These are commonly used and ...
... imposed by the government to generate the Revenue the tax amount is equally based on their services there will be no matter in their income they not see whether the payer is rich or poor everyone as to pay them but many people think that it will be a heavy burden on the people with less income who will end up with by paying the same amount of tax as those who make higher income the burden of tax can be shifted by the taxpayer to someone else it has the effect to raising the price of the products on which the tax has imposed the examples of indirect tax includes the following criteria
1. Customs Duty:- It is the tax imposed on imports and exports of goods
2. Central Excise:- It is the indirect form of taxation here government not directly apply the tax the mediator is charged must pay the tax to the government
3. Service Tax:- These are provided by a team of financial and CA professionals we guide our clients to prepare tax returns and guide them to file tax returns
4. Value added Tax:- It is designed to tax only the value added by a business on top of the services and goods it can purchase from the market
Foreign Trade Policy[FTP] will include all the imports and exports to India it is administrated by Central Government under the Ministry of Commerce and Industry. FTP Consultants in Bangalore we offer FTP services that are quick efficient and most importantly reliable we consider client satisfaction as our main priority these services are provided by our highly qualified and diligent professionals, who have in-depth knowledge and immense experience of this industry circle. It is a five-year policy for cross border trade linked with the customs laws in India the main objective is to provide various tax incentives to exporters in order to augment the foreign exchange reserves of the country is also increasing the country's share in global trade services including
1.MEIS:- The Merchandise Exports from India Scheme provides rewards to exporters in sectors that generate employment and increase India competitiveness
2. SEIS:-Service Exports from India scheme the main to promote export of services from India by providing duty scrip credit for eligible exports
3.EPCG:-Export Promotion Capital Goods Scheme the main aim is to facilitate import of capital goods for producing quality goods and services and enhance the country's manufacturing competitiveness
4.AA:-Advance Authorization Scheme it is always preferable to maintain a favorable balance of trade
6.SVB:-Special Valuation Branch that investigates valuation of goods during imports between related parties
7. Country of origin rules
The FTP was flagged off in the financial year of 2015-16 the government adopted the policy promoting traditional and sunrise sectors of exports that including services it mainly implemented to develop the manufacturing and service sectors