P K DE & Associates

Indirect Taxes

Indirect tax is something that a manufacturer pays to the Government of his country. The burden of tax payment is on end consumer as they are the ones purchasing the products. Unlike direct taxes, these are levied on materialistic goods.

The taxes subsumed under GST at the central level include sales tax, central sales tax, purchase tax, entertainment tax, luxury tax, octroi and entry tax, and taxes on betting and lottery gambling. In July 2017, the GST law went into effect, bringing 17 indirect taxes under its purview.

Indirect Taxes

Indirect tax is something that a manufacturer pays to the Government of his country. The burden of tax payment is on end consumer as they are the ones purchasing the products. Unlike direct taxes, these are levied on materialistic goods.

The taxes subsumed under GST at the central level include sales tax, central sales tax, purchase tax, entertainment tax, luxury tax, octroi and entry tax, and taxes on betting and lottery gambling. In July 2017, the GST law went into effect, bringing 17 indirect taxes under its purview.

What We Do For Grow Your Business

We are a team of experts who work in an innovation-friendly fashion, developing new business models and brainstorming new ideas for the enhancement of you finances. We have a tailored approach for you to nurture your organization and enable you to reimagine the possible.

Tax Ruling Scheme

The Advance Tax Ruling Scheme has been introduced to facilitate the inflow of foreign investment. The scheme is applicable to non-residents.

Tax Liabilities

Income tax returns, in the prescribed form and verified, are to be submitted to the assessing officer by the due date (sec 139 of the Income Tax Act

Resolving Tax Disputes

A taxpayer aggrieved by an order of the assessing officer can appeal against the order to the Commissioner (Appeals). If not satisfied, the taxpayer .

Fiscal Year

A fiscal year is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations.

Permanent Establishment

Permanent establishment (PE) means having a taxable presence outside your company's state of residence. Tax authorities are adapting beyond the “bricks and mortar” definition, identifying PEs caused by overseas contractors, short-term business travelers, warehouse space, digital activity and more.

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