Bibliography: p. 21.
|Statement||by Javed Ashraf.|
|Series||Research report - Pakistan Institute of Development Economics ; no. 103, Research report series (Pakistan Institute of Development Economics) ;, no. 103.|
|LC Classifications||HC440.5.A1 I54 no. 103, HJ5162.5 I54 no. 103|
|The Physical Object|
|Pagination||29 p. ;|
|Number of Pages||29|
|LC Control Number||78930742|
First version received October , revised version received November The recent literature on indirect taxation has been characterised by two disjoint strands. On the one hand, there are the advocates of the replacement of differentiated indirect taxes by a uniform tax on all commodities (such as a value added tax).Cited by: This in turn was based on part II of ‘The structure of indirect taxation,’ Cowles Foundation, [part I appeared as Atkinson and Stiglitz ()] and on the draft of chapter 15 of Lectures on Public Economics, University of Essex, This in turn was based on part II of ‘The structure of indirect taxation,’ Cowles Foundation, [part I appeared as Atkinson and Stiglitz ()] and on the draft of chapter 15 of Lectures on Public Economics, University of Essex, Parts of the paper have been presented by the first author at seminars at the universities of Essex Cited by: through this. This tax is imposed on the manufacturing of goods. It is an indirect tax and collected from manufactures. This tax was first imposed on the manufacturing of cotton yarn in For the proper implementation of excise duty, Central Excise Duty Act, and central Excise Tariff Ac, are applicable which is also known as CEAT.
Indirect Tax: An indirect tax is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer). An indirect tax is one that can be shifted by the taxpayer to someone else. An indirect tax may increase the price of a good so that consumers are actually paying. Thereafter, a lot of indirect tax has been added to the taxation system and we had around 20 indirect taxes in India before GST (Goods and Service tax) has been implemented. GST is a centralized tax structure on goods and services throughout the country, which would subsume about 15 or more taxes in one kitty. The tax handles under indirect taxes have increased, with the inclusion of withholding tax regime in ; value added tax (VAT) in and other tax systems. A study group and a working group were also inaugurated in and respectively to fashion out ways to entrench a better tax policy and improve tax administration in the country. Syllabus Structure. The syllabus comprises the following topics and study weightage: A Cannons of taxations – Indirect Taxes 5% B Central Excise 20% C Customs Laws 15% D EXIM Policy 10% E Service Tax 25% F Central Sales Tax Act & VAT Act 15% G International Taxation & Transfer Pricing 10%. A 5% G 10% E.
Of the above stated taxes, four taxes constitute major revenue for the governments. These are Excise Duty, Service Tax, Customs Duty and Central Sales Tax/ VAT. II. Shortcomings in the present structure. Though our indirect tax structure has been improving over the years, yet it suffers from various disabilities, which have been described below. a. The indirect tax department needs to consist of the right number of tax personnel and the right level of skills and capabilities to be successful. Skills required and buy-in needed According to survey findings the size of the indirect tax team size is often (too) small. Direct tax has not only more staff but are often better positioned. Incidence and Welfare Effects of Indirect Taxes (). The focus in this paper will mainly lie on the VAT, since it is the dominant form of indirect taxation in the European Union, where all of the data were in the indirect tax structure to pursue distributional objectives becomes. Buy Indian Law Books Online from LexisNexis Law Bookstore, Law Books India Publisher. Legal books or law book for Sale at LexisNexis Law Bookshop, business law, constitution law, criminal law, civil law, tax law, marriage and divorce, eBooks, CLAT and more at low prices-easy payment.