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what is difference between duty and taxes

ramesh (Sr.Executive Accounts) (92 Points)

19 December 2009

Govt. collects amount by way of imposing tax and levying duty such as excise duty , service tax , custom duty , income tax etc.etc.

I would like to know what is the difference between duty and taxes in business point of view. Dictionary meaning of the same may be different.

Thanks

Ramesh

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Megha Gupta (Articleship) (33 Points)
Replied 19 December 2009

hiii

There is no logical difference between duty & Taxes.

Actually all the Acts adopted in India are sourced from some Foreign Acts(of Different countries) and the same words are used in India

So Chill...

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 21 December 2009

HELLO,

TAXES ARE THE LIABILITIES OF EVERY INDIAN LIKE, HOUSE TAX, INCOME TAX, SERVICE TAX, SALES TAX AND AND DUTY REFERS "WHERE ANY MANUFACTURER EXPORTER , IMPORTER , IMPORT THE GOODS AND PAID IT BY THROUGH AS CUSTOMS DUTY " TO THE CENTRAL GOVERNMENT OF CUSTOMS DEPARTMENT.

AND WHEN ANY EXPORTER / IMPORTER GET THE ADVANCE LICENCE AND EPCG LICENCE , AS PER CUSTOM LAW, AND F.T.P. 2009- 2014 WHEN ANY SHORTFALL , OCCURS THE "DUTY" CAN BE DEPOSITED NOT AS PER "TAX" .

THANKS ,

RAMESH VERMA

9911042560

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 10 September 2011

THE ABOVE SAID PHONE NO. HAS CHANGED.

RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 10 September 2011

Originally posted by : RAMESH KUMAR VERMA
	HELLO, TAXES ARE THE LIABILITIES OF EVERY INDIAN LIKE, HOUSE TAX, INCOME TAX, SERVICE TAX, SALES TAX AND AND DUTY REFERS "WHERE ANY MANUFACTURER EXPORTER , IMPORTER , IMPORT THE GOODS AND PAID IT BY THROUGH AS CUSTOMS DUTY " TO THE CENTRAL GOVERNMENT OF CUSTOMS DEPARTMENT. AND WHEN ANY EXPORTER / IMPORTER GET THE ADVANCE LICENCE AND EPCG LICENCE , AS PER CUSTOM LAW, AND F.T.P. 2009- 2014 WHEN ANY SHORTFALL , OCCURS THE "DUTY" CAN BE DEPOSITED NOT AS PER "TAX" . THANKS , RAMESH VERMA