Awesome Study Guide For Direct and Indirect tax

Awesome Study Guide For Direct and Indirect tax

Advertisement Introduction: What is Tax? Very simply explained:  Money that is charged by the government upon an individual for or an organization to the income they make, the goods they buy or the services and transactions they utilize is termed as a tax. Only an authority is authorized to...

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MODVAT (modified value added tax) Introduction                                                                            MODVAT—modified value added tax is a concept in central excise law introduced with effect from 1-3-86 and has gained momentum with more and more industries beginning to avail this facility.   Even though the term MODVAT is not defined in central exercise...

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