Tag: VAT
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Goods and Services Tax: A New Era
By Nitesh Jindal, Dr Ram Manohar Lohia National Law University, Lucknow. Goods and Services Tax (GST) is an indirect tax which will bring transparency and effective governance in the country. It is a destination-based tax levied at multiple stages, starting with the manufacturing stage, to the sale of goods stage, whose overall burden has to…
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Tax Reformation in India: An Analysis
By Syashu Pesswani, University of Petroleum and Energy Studies, Dehradun. President Pranab Mukherjee, with the press of a button at the midnight of July 1, 2017 in the Parliament’s Central Hall of India, switched to GST, the single biggest reform undertaken by the country in its 70 years of independence. It is basically established to subsume various…
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Easwar Panel Report: How people-friendly can the tax laws be?
By Anusmita Mazumder, Department of Law, University of Calcutta. Just a few days ahead of the Union Budget 2016-17, a committee was asked to make necessary recommendations for simplifying the current Income Tax Laws, which accordingly has recommended a higher threshold for deduction of tax at source and cuts in rates, plus measures to reduce litigation. The…
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Goods and Services Tax: Concept & Analysis
By Ananya Banerjee, WBNUJS, Kolkata. Indirect Taxes & GST The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 (the “Bill”) seeks to amend the Constitution to change the indirect tax structure of the country to facilitate the introduction of Goods and Services Tax (“GST”). Following the footsteps of most of the developed countries, the Centre is trying…
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Much Ado About Taxing: A Legal Scrutiny Of Amazon’s Dispute With Tax Authorities In Karnataka
By Archishman Chakraborty, Symbiosis Law School, Pune. In September, 2014, the Tax authorities in Karnataka barred Amazon India from selling electronics and several other products from its warehouse in the State, by cancelling the licences of third-party merchants who were working with the local unit of the world’s largest online retailer. Notice was served to more than…
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Online VAT Returns: Filing and Registration
By Devashish Jain, University of Petroleum and Energy Studies. Starting with the definition of Value Added Tax (VAT), it is an indirect tax that is imposed on the consumption of the goods, paid by its original producer (The Manufacturer) upon the change in the goods to the ultimate consumer. It is based on the value added to…