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Taxpecharcha

The Income-tax Act, 1961

The Income-tax Act, 1961 is the charging statute of Income Tax in India.
It provides for levy, administration, collection and recovery of Income Tax.

The Goods and Services Tax Act, 2017

The Goods and Services Tax (GST) Act, 2017, is India's unified indirect tax law.
It replace taxes like VAT, service tax, and excise duty into a single system to simplify taxation.
Implemented on July 1, 2017, the GST Act standardizes the tax structure across the country and
eliminates the cascading effect of multiple taxes.

The Customs Act, 1962

The Customs Act, 1962, is India's primary law governing customs duties.
It regulates the import and export of goods, ensuring compliance with customs procedures.
The Act facilitates the collection of duties and prevents illegal trade activities,
playing a crucial role in border control and revenue generation.