Tag Archives: Taxes

What are the Taxes an Ecommerce Startups has to pay

What taxes do I need to pay and what taxes are the manufacturer’s liability? Moreover, on which amount should I (and the manufacturer) pay the taxes? E-commerce is the buzzword nowadays. Because of the convenience it offers of buying things sitting in your home or office it is becoming increasingly popular. Many big and small companies are riding on the …

Read More »

What is Service Tax Registration and who should pay it in India

sevice-tax-registration-india

As on 1st May, 2011, 119 services are taxable services in India. These taxable services are specified in Section 65(105) of the Finance Act,1994. And there are 17 specific services which are exempt from service tax mentioned in the Negative List .Service tax is applicable  to the whole of India, except the State of Jammu & Kashmir. What is Service Tax Service …

Read More »

What is Excise Duty and its Types

Collection of revenue is very important for functioning of any government and is prevalent since time immemorial. Different types of taxes are imposed by government viz income tax, corporate tax, property tax, sales tax, excise tax, custom tax, and service tax. These taxes help government to run administration to meet socio-economic objectives of government What is Excise Duty ? Excise …

Read More »