E Payment Of Indirect Central Excise Service Boi Bank Of India

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The Goods and Service Tax Act was passed in the Indian Parliament on March 29 th, 2017, which subsequently came into effect on July 1 st, 2017.It was hailed as a significant tax reform for the country, replacing the pre-existing array of indirect ....

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Sep 13, 2008 . CBDT has issued a detailed circular no 715 on tds u/s 194C,194I and 194J dated 8.8.1995 ,In which 34 question has been dealt .In this circular question number 6 relates to payment made to travel agent/airline for booking of tickets ,It has been clarified in the circular that notwithstanding the payment has been made by the payee list mentioned as above ,but the ....

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FORM 3CD - Explanation & Applicability - ClearTax.

Mar 23, 2022 . Whether the assessee is liable to pay indirect tax like excise duty, service tax, sales tax, goods and services tax, customs duty, etc. ... This section places a disallowance on any expenditure incurred by any mode other than an account payee cheque/bank draft or through a bank account using ECS if they exceed Rs. 10,000 in a day subject to ....

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The Goods and Service Act was implemented in 2017 to eliminate the cascading tax effect and to simplify the indirect tax regime. This tax regime was introduced to replace the several indirect taxes which were applicable on goods and services and were imposed by the state and central governments at various stages..

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What is Tax? - Types of Tax, Benefits and Penalty in Tax - BankBazaar.

2. Indirect tax. Taxes that are levied on services and products are called indirect tax. Indirect taxes are collected by the seller of the service or product. The tax is added to the price of the products and services. It increases the price of the product or service. There is only one indirect tax levied by the government currently..

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Analysis of Various Clauses Of Form 3CD - TaxGuru.

Apr 12, 2014 . Turnover fee to SEBI is covered by to 43B. Adjustment of amount against security deposit by the assessee is not payment [2009] 118 ITD 401 (MUM.) Air India Ltd. v. Deputy Commissioner of Income-tax, Foreign travel tax is covered by 43B [2009] 116 ITD 186 (PUNE) Alfa Laval India Ltd. v. Deputy Commis-sioner of Income-tax.

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Section 206C Tax Collection at Source (TCS) - TaxGuru.

Jul 12, 2021 . Where buyer is: Applicability of Surcharge & Education Cess: 1. Foreign Company The rates of TCS shall be increased by: a. Surcharge of 2%( where the payment collected or to be collected from buyer and which is subject to tax collection during the financial year exceeds Rs 1 crore but does not exceeds Rs 10 crores).

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