can you tell me why export sale exemted in india and import is taxable.pls explain
1 Replies
chandra sekaran
(chartered accountant)
(44 Points)
Replied 02 June 2010
I presume you meant VAT. Goverment uses tax as a revenue generating tool as well as to protect the economic interest of the country. Among the many factors, in order to be competitive in the global market Export of goods out side india is exempted from VAT and thereby price of the Indian goods becomes cheaper in the global market. Further export of goods is the main source to yield foreign currency.
In order to protect the domestic market, import of goods into India is charged to tax in most of the cases.
Recent Topics
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
