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The tax policy is not limited to raising of revenue. As a part of the overall policy of the Government of India, the tax policy also serves as a tool to address several other objectives in the process of development of the country. These objectives may include providing for incentives and disincentives in the target areas/segments of the economy.
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [ 1 ] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty .
This code specifies that the entire number should be 15 digits or shorter, and begin with an international calling prefix and a country prefix. For most countries, this is followed by an area code, city code or service number code and the subscriber number, which might consist of the code for a particular telephone exchange.
The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
Mobile phones use geographic area codes (two digits): after that, all numbers assigned to mobile service have nine digits, starting with 6, 7, 8 or 9 (example: 55 15 99999–9999). 90 is not possible, because collect calls start with this number.
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The same prefix of the number zero + the area code is required to dial any fixed-line number in India from a mobile phone, irrespective of the area code. For example, to dial a landline number in Indore, one would have to dial from a landline in Indore: the phone number; from a landline in Mumbai: 0731 and then the phone number; from any mobile ...
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