Wednesday, March 7, 2007

TAXES IN INDIA - THANKS Mr. CHIDAMBARAM

In India, you cannot do anything with peace. There are so many kinds of taxes

Income Tax
Professional Tax
State Sales Tax (VAT)
Central Sales Tax
Customs Duty
Excise Duty
Service Tax
Health Tax
Wealth Tax
Garbage Tax
Trade License
Police License
Municipal Tax
Minimum Wages
Surcharge
Special Additional Surcharge
Educational Cess
Secondary Educational Cess
Higher Secondary Education Cess
Earth Quake Cess
Tsunami Cess

And a lot more formalities like

PAN No.
TIN No.
BIN No.
DIN No.
IEC Code No.
Digital Signature
And a lot more

How can a person run a business here? Why doesnt the govt. collect one single tax and say go ahead and do good business. Concentrate and Develop your business and bring prosperity to the country.
The only reason is that the Govt wants to keep on putting their own people in different departments for the sake of getting votes. They claim that they are generating employment. Is this the way to generate employment?
Indian Govt never looks forward to new avenues.

Rgds
Vineet

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