The Tax system in India is mainly a three tier system which is authorizes the Central, State Governments and the local authorities to impose taxes on goods, services, property etc. Taxes are the basic source of revenue to the Government using which it provides various kinds of services to the tax payers. Taxation majorly includes Direct and Indirect Taxes.
AequitasJuris law Firm lawyer will be able to defend you if tax authorities make wrong assessment or wrong claim and if you are in violation of any tax law. Consult Our legal Experts in any taxation matters which includes direct tax of indirect tax for approaching Authorities, tribunals, High Court and Supreme Court of India.
Indirect taxes The (Goods and Service Tax) GST is an Indirect Tax which means that the tax is passed on till the last stage wherein it is the customer of the goods and services who bears the tax. GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. This tax will be substitute for all indirect tax levied by state and central government. Exports and direct tax like income tax, corporate tax and capital gain tax will not be affected by GST. GST would apply to all goods other than crude petroleum, motor spirit, diesel, aviation turbine fuel and natural gas. It would apply to all services barring a few to be specified. With the increase of international trade in services, GST has become a global standard. The proposed tax system will take the form of "dual GST" which is concurrently levied by central and state government. This will comprise of:
- Central GST (CGST) which will be levied by Centre
- State GST (SGST) Which will be levied by State
- Integrated GST (IGST) - which will be levied by Central Government on inter-State supply of goods and services.
- Many taxes has been subsumed under GST which are as under.
Central Indirect Taxes & Levies
Central Excise Duty, Additional Excise Duties, Excise Duty levied under the Medicinal Preparations (Excise Duties) Act, 1955, Service Tax, Additional Customs Duty (CVD), Special Additional Duty of Customs, Central Surcharge and Cess
State Indirect Taxes & Levies
VAT / Sales Tax, Entertainment tax (other than the tax levied by local bodies), Central Sales Tax, Octroi and Entry Tax, Purchase Tax, Luxury Tax, Taxes on Lottery, Betting and Gambling, State Cesses and Surcharges
PROPERTY TAX - MUNICIPAL TAX:
Also known as Property Tax or Real Estate Tax, this is one of the taxes levied by local Municipal Bodies of every city. These Taxes are levied in order to provide and maintain the for basic civic services. All owners of Residential or Commercial Properties are subject to Municipal Tax.
Aequitasjuris Law Firm has Taxation Lawyers in India, Taxation Lawyers in Delhi and Taxation Lawyers in Hyderabad . Our law firm lawyers will defends your case before the Income Tax Authorities, Income Tax Tribunals , in the High Courts and in the Supreme Court of India.
ANY DISPUTE AROSE IN RESPECT OF DIRECT TAXES AS MENTIONED BELOW PLEASE CONTACT OUR LAW FIRM FOR LEGAL ADVICE, ASSISTANCE FOR TO FILE A CASE OR TO DEFEND THE CASE BEFORE THE AUTHORITIES, TAX TRIBUNALS, HIGH COURTS OR SUPREME COURT OF INDIA.
- Custom duty & Octroi
- Entry Tax
- Excise Duty
- Gift Tax
- GST - goods and service tax
- Professional Tax
- Property Tax - Municipal Tax
- Sales Tax
- Stamp duty, registration fees, transfer Tax
- Toll & road Tax
- Value added Tax
- Wealth Tax