sales tax

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    Project on Streamlined Sales Tax Commission

    Description A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow (or require) the seller to collect funds for the tax from the consumer at the point of purchase. Streamlined Sales Tax Commission Report January 2008 Charge of the...
    • nityaaroma
    • Thread
    • commission sales sales tax
    • Replies: 0
    • Forum: Others
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    Sales Tax/VAT

    Sales Tax/VAT Sales tax is levied on the sale of movable goods. Most of the Indian States have replaced Sales tax with a new Value Added Tax (VAT) from April 01, 2005. VAT is imposed on goods only and not services and it has replaced sales tax. Other indirect taxes such as excise duty, service...
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    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...
    • abhishreshthaa
    • Thread
    • importance of tax income tax notes on accountancy payment payment of tax purchase tax sales tax tax tax assessment
    • Replies: 1
    • Forum: Accountancy
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    SALES TAX

    SALES TAX /OUTPUT TAX Sales tax is a tax which is payable on sales of goods. It covers al types of sales, normal, deemed sales, that is: Transfer of property in goods, in terms of Sale of Goods Act (normal sale) Work Contract Lease Hire purchase, installments, etc. Any dealer engaged...
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    SALES TAX IN SETTLEMENTS

    Settlements – Sales Tax Incidence of Sales Tax Sales tax to be discharged by the clearing members Receiving clients to pay sales tax to the delivering clients thru Clearing Members Sales tax based on quality/quantity delivered by seller Settlements – Sales Tax NCDEX shall verify...
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