16001 to be exact
In india service tax is collected by CBEC (central board of excise and customs)
Excise duties The largest revenue earning channel is Customs & Excise Duties in India's perspective.
The central excise duty refers to an indirect tax which is levied on goods manufactured in India. These are the goods which are meant for consumption at home.
state bank of india
B. L. Kanodia has written: 'Law of central excise in India' -- subject(s): Excise tax, Law and legislation
A place which is recognised by central govt of India by a notification in official gazetee where we can earn foreign exchange .
The Central Excise Tariff Act of 1985 is an Indian legislation that governs the imposition of excise duty on goods manufactured or produced in India. It provides a framework for classifying goods and specifies the rates of excise duty applicable to different categories of products. The Act is crucial for tax administration and revenue generation for the government. It has been amended several times to accommodate changes in economic and industrial policies.
exemption limit in india?
Income tax is collected by Income tax department, customs and excise collects the rest of the taxes. these entities fall under the purview of Indian Revenue Department
Ajay Joshi has written: 'Digest of central excise, custom & gold control cases, 1951-1990' -- subject(s): Customs administration, Digests, Excise tax, Gold, Law and legislation 'Sheep-wool and woollen industry in India' -- subject(s): Wool industry
All goods that are produced or manufactured in India shall be charged a duty of excise called Cenvat at the rates specified in the Central Excise Tariff.Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws.No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorised agent.Every assessee has to submit to the superintendent of Central Excise a monthly return in the specified form. For specified situations such as manufacture of goods exempt under a notification, a prescribed declaration and/ or a financial statement needs to be filed.Credit of service tax paid on input services, by a manufacturer of goods, is now available, in addition to the credit that was available in respect of inputs/ capital goods.For More Details Visit : http://inodetechnologies.blogspot.com/
500000