Big bazaar supply chain

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Big bazaar supply chain

It is basically a tax levied on companies based on the dividend they pay to their investors.

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This tax is applicable on the gross or net income an investor receives from their investment. Banking Cash Transaction Tax: Banking Cash Transaction Tax is yet another form of tax that has been abandoned by the Indian government.

This form of taxation was operation from until the then FM Pranab Mukherjee nullified the tax. This tax suggested that every bank transaction debit or credit would be taxed at a rate of 0. By definition, indirect taxes are those taxes that are levied on goods or services.

Big bazaar supply chain

They differ from direct taxes because they are not levied on a person who pays them directly to the government, they are instead levied on products and are collected by an intermediary, the person selling the product. These taxes are levied by adding them to the price of the service or product which tends to push the cost of the product up.

Examples of Indirect Taxes: As the name suggests, sales tax is a tax that is levied on the sale of a product. This product can be something that was produced in India or imported and can even cover services rendered.

This tax is levied on the seller of the product who then transfers it onto the person who buys said product with the sales tax added to the price of the product.

The limitation of this tax is that it can be levied only ones for a particular product, which means that if the product is sold a second time, sales tax cannot be applied to it.

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Basically, all the states in the country follow their own Sales Tax Act and charge a percentage indigenous to themselves.

Besides this, a few states also levy other additional charges like turnover tax, purchase tax, works transaction tax, and the like. This is also the reason why sales tax is one of the largest revenue generators for various state governments. Also, this tax is levied under both central and state legislations.

Like sales tax is added to the price of goods sold in India, so is service tax added to services provided in India. In the reading of the budgetit was announced that the service tax will be raised from It is not applicable on goods but on companies that provide services and is collected every month or once every quarter based on how the services are provided.

If the establishment is an individual service provider then the service tax is paid only once the customer pays the bills however, for companies the service tax is payable the moment the invoice is raised, irrespective of the customer paying the bill. An important thing to remember is that since the service at a restaurant is a combination of the food, the waiter and the premises themselves, it is difficult to pin point what qualifies for service tax.

The GST is a consumption-based tax, as it is applicable where consumption takes place.

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The GST is levied on value-added goods and services at each stage of consumption in the supply chain. The GST payable on the procurement of goods and services can be set off against the GST payable on the supply of goods and services, the merchant will pay the applicable GST rate but can claim it back through the tax credit mechanism.Fulfillment by Amazon (FBA) is a service we offer sellers that lets them store their products in Amazon's fulfillment centers, and we directly pack, ship, and provide customer service for these products.

Transportation is the main artery of logistics and supply chain management Though transportation is at vendors expenses Big Bazaar has heavily invested into transportation for the effective flow of goods Transportation charges paid by the Big Bazaar to the transporter are /month up to kilo meter/5(3).

Supplay chain management Big Bazaar SCM What is Supply Chain Concept?

Big bazaar supply chain

"Is the strategic management of activities involved in the acquisition and conversion of materials to finished products delivered to the customer" Supplier Management Schedule / Resources Conversion Stock Deployment Delivery Customer Management Material Flow.

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Supply chain management is the coordination of production, inventory, location, and transportation among the participants in supply chain to achieve the best mix of responsiveness and efficiency for the market being served/5(6).

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Tax [Updated] - Taxation in India - 16 Sep - schwenkreis.com