importance of tax

  1. A

    PAYMENT OF TAX

    The Payment of Tax. Payments that are required to be made by any person or dealer 1. Tax (Sales tax or Purchase tax) 2. Interest payable under the act 3. Penalty or fine 4. Amount collected in violation of the and forfeited 5. Fees These payments should be made in government...
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    • importance of tax income tax notes on accountancy payment payment of tax purchase tax sales tax tax tax assessment
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    • Forum: Accountancy
  2. A

    LIABILITY TO PAY TAX

    Who is liable to pay tax? The following dealers or persons are liable to pay tax on sale or purchase of goods: • Every dealer registered under any earlier law • Every dealer whose turnover exceeds the prescribed limits • Any mercantile agent, like factor, broker...
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    • importance of tax liability pay payment of tax tax tax liability tax payer
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    • Forum: Accountancy
  3. A

    RATE OF TAX

    Rate of Tax: - The declared goods are those goods considered to be for special importance under the provision of CST act. The rate of tax is governed by CST act. Accordingly it would be 4%. It can be taxed at more than one point of sale. This is permitted, pursuant to the amendment in CST...
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    • importance of tax packing materials product labelling rate rate of tax tax tax rating
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    • Forum: Accountancy
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