Value Added Taxation
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Product Specifications
| Compliance | GST, VAT |
| Coverage | India |
| Features | Tax Compliance, Sales Tax, VAT Calculation, Return Filing, Liability, Tax Audit |
| Product Type | Tax Service |
| Software | Various |
| Support | Dedicated Team |
| Tax Laws | State/Central |
| Usage | Sales Tax Returns preparation, Tax liability calculation, Tax audit services for Indian Businesses |
Product Overview
Key Features
Value Added Taxation
Overview
At the time of sale of goods the seller has to charge the Value Added Tax/Sales Tax on the value of goods from the buyer. The tax so collected shall be deposited in the authorized banks on behalf of the department within a specified time limited prescribed in the Act.
At present most states of India have replaced local sales tax with VAT. The VAT is not much different from local sales tax regime except that it captures value addition at each level of distribution network. The State VAT, as introduced by the states, continues to be a tax on sale of goods and does not include taxation of services.
Services Offered at PSC
Overview
At the time of sale of goods the seller has to charge the Value Added Tax/Sales Tax on the value of goods from the buyer. The tax so collected shall be deposited in the authorized banks on behalf of the department within a specified time limited prescribed in the Act.
At present most states of India have replaced local sales tax with VAT. The VAT is not much different from local sales tax regime except that it captures value addition at each level of distribution network. The State VAT, as introduced by the states, continues to be a tax on sale of goods and does not include taxation of services.
Services Offered at PSC
- Sales Tax Registration
- Preparation of Sales Tax Returns
- Calculation of monthly sales tax liability and deposition of the same
- Reconciliation of the sales tax challans with books of accounts
- Value Added Tax Audit
- Sales Tax Assessment.
Company Details
Established in 1984, RSMG & COMPANY has made a name for itself in the list of top service providers of Foreign Exchange Services in India. RSMG & COMPANY is listed in Trade India's list of verified companies offering a wide array of Company Formation Services, Fringe Benefit Taxation, Income Tax Services, etc. Contact here for Foreign Exchange Services in New Delhi, Delhi.
Business Type
Service Provider
Establishment
1984
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Seller Details
New Delhi, Delhi
Partner
Mr. Rohit Singhal
Address
NO-R-23, LGF-5, NEHRU ENCLAVE, KALKAJI, NEAR PUNJAB NATIONAL BANK, New Delhi, Delhi, 110019, India
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