Indirect Taxes

Indirect Taxes Book For:

• B.Com III Year of Bundelkhand University
• B.Com (Hons) Semester IV of Binod Bihari Mahato Koylanchal University Dhanbad (BBMKU), Sido Kanhu Murmu University Dumka (SKMU)
• M.Com Semester IV of Binod Bihari Mahato Koylanchal University Dhanbad (BBMKU), Vinoba Bhave University Hazaribag (VBU), Sido Kanhu Murmu University Dumka (SK

The present edition of the book has been thoroughly revised and the language has been made much simplified. Amendments made by the Finance Act, 2017 have been incorporated in the book and the numerical illustrations have been revised accordingly. The effect has also been given to the latest rules, circulars, and notifications. Several new illustrations have been added at appropriate places. Most of these illustrations and numerical questions are given in the book have been taken from the latest examination papers of various Universities.

Indirect Taxes Book Contents

• Salient Features of Finance Act, 2017
• Indirect Tax – An Introduction

Central Excise Duty

1. Central Excise Duty (Concept and Important Definitions)
2. Classification of Goods and Principles of Classification
3. Valuation Under Central Excise Duty
4. Calculation of Excise Duty
5. Registration
6. General Procedure Under Central Excise
7. Cenvat (Central Value Added Tax)
8. Excise Exemption to Small Scale Units

1. Introduction and Nature
2. Custom Duty (Important Definitions)
3. Valuation Rules for Customs Duty
4. Computation of Assessable Value and Calculation of Customs Duty
5. Baggage, Postal Articles, and Stores Rules
6. Import Procedure
7. Export Procedure

1. Central Sales Tax (Introduction and Important Definitions)
2. Tax Liability Under the Central Sales Tax Act, 1956
3. Provisions Relating to Inter-State Sales
4. Determination of Gross Sales and Taxable Turnover
5. Registration of Dealers

1. Service Tax (Introduction and Objective)
2. Point of Taxation
3. Place of Provision of Service
4. Abatements and Exemptions
5. Main Provisions of Service Tax
6. Computation of Service Tax
7. Assessment Procedure

1. State-Level VAT in India
2. Registration and VAT Invoice
3. Input Tax Rebate