referring
to the concept of Personal Expenditure Tax, it
is stated:
" .... In analogy to the income tax, the
taxpayer would determine his total consumption ... Nicholas
Kaldor "On Expenditure Tax" and the same eminent economists
report on "Indian Tax Reform", to reinforce the submission
that
Tax
(VAT), which is a general tax that applies, in principle, to all commercial
activities involving production of goods and provision of services. VAT ... country. Service tax is a value added tax.
8. As stated above, service tax is VAT. Just as excise duty is a tax on
value
Section 43B was, therefore, clearly aimed at curbing the activities of
those tax-payers, who did not discharge their statutory liability of
payment of excise ... years. The Central
Government then constituted the Kelkar Committee, to suggest tax reforms. The
report suggested amendments inter alia, to Section 43B . The relevant extract
entitled to the benefit of set off and/ or adjustment from the tax paid on
purchase of raw materials in terms of Bihar Industrial Policy ... thrust areas. With that in view, under the heading "Commercial Tax
Reforms", clause 28.1 seeks to grant tax benefits both to new industrial
tax is a tax annually imposed on the net
value of all assets less liabilities. Such a deduction
distinguishes the tax from property taxes such ... character of the tax. [80F,-G; 81D]
(b) Prof. Nicholas Kaldar, on whose recommendations in his
Report on Indian Tax Reforms, 1956, the wealth tax
dated 09.01.2001 was filed by Shri Krishan Nand
Roy, Assistant Commissioner, Commercial Taxes, Bihar. In the
affidavit, it was contended that the State Government ... absence of above mentioned, even approval
cannot be provided.
(4) Tax reforms at All India Level, which has
been continuing last one year
Reform Flour Mills (P.) Ltd. vs Commissioner Of Income-Tax, Calcutta on 11 December, 1969
Equivalent citations: [1970]78ITR322(SC), AIRONLINE 1969 SC 55
Author
speech for 1993-94, it has been announced, as a major tax reform effect to rationalise certain provisions of the Tamil Nadu General Sales Tax
Value Added Tax (VAT), it is submitted by him that
VAT was based on the additional services and the related VAT liability
of the service ... calculated by deducting input tax credit
from the tax collected on the services making it a multi point tax on
value addition which is collected
laws of MCD, identical method of levying the
house tax/property tax was incorporated.
11) There were certain concerns expressed at various quarters about ... Property Tax
Reforms’ in the year 1998 in order to bring needed reforms in the
method of calculation of property tax and to exploit
