Research on service tax

Generally, resume writing service irvine ca report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows:. This will lead to increased compliance and increase India's tax-to- gross domestic product ratio. This will reduce litigation on classification issues. It will lead to the abolition of taxes such as octroi, research on service tax sales tax, state level sales tax, entry tax, stamp duty, telecom license water cycle homework help, turnover tax, tax on consumption or sale of electricity, etc. GST is expected to create a business friendly environment, as price levels and hence inflation rates would come down overtime as a uniform tax rate is applied. Sales tax also does not apply to most services. Rathod, M. If a property or service is exempt from tax from all purchasers, the vendor is not required to obtain an exemption certificate. Kumar, N. The data are collected through various education sources like reports of Government, professional bodies, working committees and also from research papers, articles, news, budget sessions etc Kumar, N. An indispensable starting point for tax research is a tax looseleaf. Hence GST may usher in the possibility of a collective gain for industry, trade, agriculture and common consumers as well as for the Central Government and the State Government. Chidambaram, the.