CAN ANY ONE TELL ME THE DIFFERENCE BETWEEN TAXES AND DUTIES.GIVE SUFFICENT REASONS
SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
15 February 2011CAN ANY ONE TELL ME THE DIFFERENCE BETWEEN TAXES AND DUTIES.GIVE SUFFICENT REASONS
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 15 February 2011
DUTIES ARE FIRST PAID AND THEN COLLECTED e.g. EXCISE DUTY
TAXES ARE FIRST COLLECTED AND THEN PAID e.g. SERVICETAX