Service tax
Can’t we have a simple and single tax mechanism because there are innumerable direct and indirect taxes on corporate and individuals? With an increase in consumer spending, consumers are spending heavily on buying out the services, but a major of those common services are liable for a tax known as service tax.
If we observe minutely than everything under the sun is a service which is being rendered by the individuals or the company in one or other form, farmer cultivating his land is doing a service to the country and society; thank God food grains and vegetables which are foundations to our lives are not covered in service tax.
If there is a service which is paid service and if the customer is utilizing the service after paying for it, then I believe that the customer has virtually bought that service for the time being and it is no more a service instead a commodity till the customer enjoys that service.
Services are perishable; and are to be used within the stipulated time period. In other words they are perishable commodities, The cell number I’m having and the service which I’m subscribed for is a perishable commodity. Service provider can’t assign the number to anyone else till the time I’m using it also the service provider can’t add any number of subscribers in a given spectrum. Then why there is additional burden of service tax on the customer.
Conveyance allowance
Working professionals can claim an 800 INR as an conveyance allowance which is deducted from the net income while filing the income tax return, I was just wondering about the amount one can claim and in which part of country professionals can commute to there workplaces in 800 rupees. Some cities can be treated as exception because those cities have good and ample public transport system.
I think the limit has to be revised and should be based on the salary of the individual who is filing the return otherwise this deduction seems to be a formality and is not conducive.
Image source: http://www.culham.ac.uk
Can’t we have a simple and single tax mechanism because there are innumerable direct and indirect taxes on corporate and individuals? With an increase in consumer spending, consumers are spending heavily on buying out the services, but a major of those common services are liable for a tax known as service tax.
If we observe minutely than everything under the sun is a service which is being rendered by the individuals or the company in one or other form, farmer cultivating his land is doing a service to the country and society; thank God food grains and vegetables which are foundations to our lives are not covered in service tax.
If there is a service which is paid service and if the customer is utilizing the service after paying for it, then I believe that the customer has virtually bought that service for the time being and it is no more a service instead a commodity till the customer enjoys that service.
Services are perishable; and are to be used within the stipulated time period. In other words they are perishable commodities, The cell number I’m having and the service which I’m subscribed for is a perishable commodity. Service provider can’t assign the number to anyone else till the time I’m using it also the service provider can’t add any number of subscribers in a given spectrum. Then why there is additional burden of service tax on the customer.
Conveyance allowance
Working professionals can claim an 800 INR as an conveyance allowance which is deducted from the net income while filing the income tax return, I was just wondering about the amount one can claim and in which part of country professionals can commute to there workplaces in 800 rupees. Some cities can be treated as exception because those cities have good and ample public transport system.
I think the limit has to be revised and should be based on the salary of the individual who is filing the return otherwise this deduction seems to be a formality and is not conducive.
Image source: http://www.culham.ac.uk
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