E-Commerce Taxation

E-Commerce and Taxation: Issues and Imperatives Pramod M Mantravadi, Nagendra V Chowdary*( In 2000, the Indian brass passed the Information Technology Act, 2000, containing the Cyber Laws. The Act aimed to provide the level-headed substructure for e-commerce in India. However, there ar some unaddressed areas in the IT policy, which view ramifications for e-commerce. This article studies the aspect of appraiseation in e-commerce. It looks at the efforts in non-homogeneous countries around the world, in the context of e-commerce. The perspectives of tax compliance, administration and preaching of cross-b locate e-commerce transactions have been addressed, along with its move on e-commerce in India. It also makes a comparison with kindred legislations in some developed countries. Next, it discusses the implications of the IT policy for B2C and B2B e-commerce in India. Finally, it come forthlines the barriers to the offset of e-commerce in India, and what actions th e political sympathies has to further undertake, to boost its growth. The IT Act, 2000 aims to provide the well-grounded mannequin so that legal sanctity is accorded to all electronic records and other activities carried out by electronic means. It attempts to change quaint laws and provide ways to deal with cyber crimes.

With these laws, people can clear purchase transactions over the Net through causa reference cards without fear of misuse. The Act offers the legal framework so that information is not denied legal effect, validity or enforceability, only when on the ground that it is in the form of elec tronic records. In view of the growth in ! transactions and communications carried out through electronic records, the Act seeks to empower government departments to buy out filing, creating and retention of official documents in the digital format. The Act has also proposed a legal framework for the credential and origin of electronic records / communications through digital signature. slightly highlights of the Act are listed below:...If you want to get a full essay, order it on our website: BestEssayCheap.com

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