About service tax in india pdf

This article about service tax in india pdf multiple issues. Unsourced material may be challenged and removed. 10 Percent Legacy and Succession Duty Impressed Duty Stamp. Some minor taxes are also levied by the local authorities such as the Municipality.

An important restriction on this power is Article 265 of the Constitution which states that “No tax shall be levied or collected except by the authority of law”. India has abolished multiple taxes with passage of time and imposed new ones. However, the Wealth Tax Act was repealed in 2015 and the idea of DTC was dropped. From 15th November 2015, Swacch Bharat cess of 0. Service Tax rate to be 14. On 29 February 2016, Current Finance Minister Mr. Arun Jaitley announces a new Cess, Krishi Kalyan Cess that would be levied from the 1st June 2016 at the rate of 0.

The purpose of introducing Krishi Kalyan Cess is to improve agriculture activities and welfare of Indian farmers. EC, SHEC, Swachh Bharat Cess and Krishi Kalyan Cess. The government had earlier proposed an excise duty in the Budget 2011-12, which had to be rolled back after massive protests by jewellers. List – III listing the areas on which both the Parliament and the State Legislature can make laws upon concurrently. Any tax levied by the government which is not backed by law or is beyond the powers of the legislating authority may be struck down as unconstitutional.