ALL YOU NEED TO KNOW ABOUT INDIRECT TAXATION SERVICES

The taxes levied by the government form a pool of resources to be used for the collective benefit of the public. The taxation is an exercise in the collective solution of individual problems. The state takes upon itself the duty of solving the problems of the underprivileged and need finance for this purpose. The government can mobilize resources by imposing taxes on the privileged ones. A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government, a payment exacted by legislative authority.

Excise duties on the production of commodities, sales tax, service tax and customs duty, tax on rail or bus fare are some examples of indirect taxes. Excise Duty The tax imposed by the government on the manufacturer or producer on the production of some items is called excise duty. Inputs free of duty: Exporting units need raw materials without payment of customs/excise duty, to enable them to compete for exporting Custom duty is a form of indirect tax. Standard English dictionary defines the term "custom" as duties imposed on imported or less commonly exported goods.

The multi-structured-layered indirect tax imposed on both at the Central and State level in India which is extremely complex and dynamic in nature. Further, frequent changes in the legislation/ judicial pronouncements and the proposed change Goods and Service Tax (GST) regime make the analysis of a business structure from an indirect tax perspective all the more imperative. 

Indirect tax affects all the aspect of a company. They have impact on all the fields inside a company from raw materials cost to shareholders and for that to stay ahead in competition we need expert advice or consultation on how to handle these taxes to stay ahead in competition and avoid too much of cascading tax in the manufactured cost of our product. www.ca-msa.com is one of the recommended sites that would help you to achieve this and giving you more details on indirect taxation. 

Services they provide vary in different fields like from Registration under Central Excise, Customs, Service Tax, Import Export Code & VAT, Accounting, and Preparation & Assistance on filing of periodic returns, Handling of Assessment Procedure, conducting audit under relevant statutes, Assistance in moving courts on legal issues arising out of assessment/appeal, Assisting in maintenance of various records for statutory compliance etc.