E-Commerce Taxation

E-Commerce and Taxation: Issues and Imperatives Pramod M Mantravadi, Nagendra V Chowdary*( In 2000, the Indian establishment 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 see ramifications for e-commerce. This article studies the aspect of appraiseation in e-commerce. It looks at the efforts in various(a) countries around the world, in the context of e-commerce. The perspectives of tax compliance, administration and intercession 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 member of e-commerce in India, and what actio ns the establishment has to further undertake, to boost its growth. The IT Act, 2000 aims to provide the intelligent manikin 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 make purchase transactions over the Net through event 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 electronic records. In view of the growth in transac! tions 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 corroboration and origin of electronic records / communications through digital signature. well-nigh 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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