Taxation Services India

Taxation Services

We are one of the leading chartered accountant firms, providing its highly professional services in the areas of Accounting, & Audit, & Direct Taxation, & Indirect Taxation.

 

Sales Tax Registration

We have marked our name in the list of top notch organizations by providing client specific & reliable Sales Tax Registration Services. Keeping the specific demands of clients in mind, our experts strive to provide best & reliable solutions to our valuable clientele. Further, our experts efficiently discuss the queries & doubts of clients & then find most advantageous & best solutions. Customes can get the benefit of our services at industry specific rates.

 

Features:

 

  • Highly reliable
  • Prompt execution
  • Authentic

 

Income Tax Return

Holding 15 years of experience in this domain, we have received a mark of appreciation from the customers by providing them desired Income Tax Return services. The in-depth experience & knowledge of our professionals has helped us in accomplishing the diverse & specific needs of clients in most appropriate manner. They efficiently make use of their talent & capabilities in offering services, which successfully meets the requirements of clients.

 

Features:

 

  • Accuracy
  • Reliable
  • Quality approved

 

Indirect Taxes Services

Indirect Taxes Services

The Ministry of Finance (Department of Revenue) through the Central Board of Excise & Customs (CBEC), an apex indirect tax authority, implements & administers excise (central excise), customs & service tax laws.

 

Circulars, notifications & clarifications issued by the CBEC supplement these indirect tax laws. Issues involving interpretation of taxation laws are decided by the judiciary, which is independent of the legislature.

 

Value-Added Tax / Sales Tax in India does not have a classic Value-Added Tax (VAT) structure. Instead, separate tax on sale of goods & on rendering of services is imposed under different legislations.

 

Sale & purchase of goods is subjected to charge of sales tax. Sales tax is levied under Central & State.

 

Sales Tax(ST) legislations depending upon the movement of goods in pursuance of a sale transaction. If the transaction involves movement of goods from 1 state to another (inter-state), the tax is levied under Central Sales Tax Act (CSTA), 1956.

 

This Act also covers transactions of import of goods into & export of goods out of India. Sales tax is not imposed on import of goods into the country & export of goods out of the country. The Central Sales Tax (CST) Act is administered by the state governments & the tax is levied at the origination of transaction (origin based levy). The revenue collected under Central Sales Tax Act(CST) is retained by the state governments. The rates of tax under Central Sales Tax Act vary from state to state & product to product. The standard rate of CST is 2 per cent against statutory forms or the lower rate applicable in the state of seller if the purchaser is purchasing the same for resale or for use in manufacture of goods for sale or for specified purposes & both the seller & buyer are registered dealers. Otherwise, the rate is higher of 10 % or the rate applicable in the state of sale.

 

The transactions of sales or purchases involving movement of goods within a state (intra-state) are governed by respective State Sales Tax Acts(VAT). States also levy tax on transactions which are “deemed sales” like works contracts & leases. A works contract essentially is a contract for carrying out work involving supply of labor & material where the property in the materials passes during the course of execution of the contract. Lease is a transactions involving transfer of right to use goods.

Email : info@rkkassociatesinfo.com
Website: www.rkkassociatesinfo.com
Phone :+91-8829035203,+91-9928399554

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About rrkassociatesinfo

We at R K Kumawat & Associates offer various type of Accounting, Financial, Taxation, Auditing Services. www.rkkassociatesinfo.com

Posted on August 5, 2012, in Taxation Services and tagged . Bookmark the permalink. Leave a comment.

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